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Wednesday, April 11, 2001
 
AC ( 04/11/2001 : PSE )
Please be informed that the redemption date of Ayala Corporation
Convertible Preferred "B" Shares shall be on 30 April 2001. For this
purpose, all Convertible Preferred "B" shareholders as of record date
of 23 April 2001 shall be entitled to the redemption exercise by the
Corporation. The redemption price shall be the par value of P1.00 per
share plus a dividend adjustment equivalent to 18.23% of the par
value. On redemption date, the stock certificates pertaining to the said
shares should be surrendered to the Corporation.


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