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Notice of Preemptive Right
Notice of Preemptive Right
TO: __________________
__________________
Please be informed that in connection with the application of the corporation to amend its
Articles of Incorporation increasing its authorized capital stock from ___________________
PESOS to _______________ PESOS – common shares (which amendment was approved by
the stockholders representing more than 2/3 of the outstanding capital stock at the annual
stockholders’ meeting and unanimously approved by the Board of Directors in the Board
meeting, both held _______________), you may now exercise your pre-emptive rights to
subscribe to the increase in the authorized capital stock in proportion to your present
shareholding.
Considering that the corporation needs to process the increase as soon as possible in line
with its expansion programs for this year, you are hereby given (10) days from receipt of this
NOTICE within which to exercise your pre-emptive rights, otherwise you will be deemed to
have waived the same.
___________________, Philippines.
Corporate Secretary
Noted by:
President