SEC clears PNB Holdings listing on PSE
MANILA, Philippines – The Securities and Exchange Commission (SEC) has cleared the listing of PNB Holdings Corp. (PHC) on the Philippine Stock Exchange (PSE), allowing the Philippine National Bank (PNB)-linked firm to join the local bourse.
In a statement on Monday, the SEC said its Commission En Banc on March 12 rendered effective the registration statement of PHC, covering up to 46.93 billion common shares, subject to compliance with remaining requirements.
READ: PNB Holdings eyes stock market listing
The shares will have an initial listing price of P1.20 each, translating to a total listing value of about P56.32 billion.
PHC’s listing will be done by way of introduction, following PNB’s declaration in 2021 of property dividends covering 51 percent of its shares in the holding firm for distribution to the bank’s shareholders.
Once fully distributed, the move is expected to expand PHC’s shareholder base to more than 30,000 PNB shareholders.
As of February 2026, 98.08 percent of the property dividends had already been distributed, leaving only 1.92 percent of shares yet to be released.
Under PSE rules, listing by way of introduction allows an unlisted company to list its shares when these have been distributed to shareholders of a listed firm through property dividends. INQ
