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Cirtek: Holdings Philippines Corporation
Cirtek: Holdings Philippines Corporation
Gentlemen:
This is in response to your letter dated August 30, 2018 seeking confirmation/clarification to the
news article entitled “Cirtex bares share buyback to boost value” posted in manilastandard.net
on August 29, 2018. The article reported in part that:
***
“Cirtek Holdings Philippines Corp. on Wednesday announced plans to conduct a share buyback
program to boost shareholder value.
Cirtek Holdings vice chairman Roberto Juanchito Dispo said in a statement the planned share
repurchase program was aimed at bolstering shareholder returns.
The company did not provide other details, including the number of shares it would purchase
from the market, and the timing and duration of the buyback program.
„Returns to shareholders is one of Cirtek‟s key objectives. The company will carefully consider
the timing and method of the share repurchases,‟ Dispo said.
***
With respect to the said news article, we would like to confirm the abovementioned statements
attributed to the Company.
Kindly note, however, that the plan to undertake a share buyback, including the amount and
start date of the buyback program, is still subject to deliberation and approval by the Board of
Directors of CHPC.
Anthony S. Buyawe
Compliance Officer
116 E AST MAI N AVE NUE, PHASE V, SEZ TEL NOS. (63) 49-541-2310 TO 12
LAGUNA TECHNOP ARK, BINAN, LAGUNA FAX NO. (63) 49-541-2317
PHILIPPINES