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PREMIERE Horizon Alliance Corp. will be added to a series of regional equity indices for companies with small market capitalization beginning March 19, 2021, the investment holding company said Monday on the stock exchange.
He said that the inclusion in the FTSE Global Equity Index Series for Asia-Pacific, excluding Japan and China, in the FTSE Micro Cap and FTSE Total Cap indices was announced on February 19 after a semi-annual review of the index.
But he said the index review “may be subject to review until close of business on March 5, 2021.”
“The FTSE Global Equity Index (GEIS) Series provides market participants with a seamless set of global equity benchmarks for use in developing institutional investor policy guidelines and as a basis for indexed products,” said Premiere. Horizon.
It said it could qualify for the FTSE GEIS as it achieved the required minimum voting rights, minimum free float and foreign ownership, and a minimum investable market capitalization of $ 25 million.
The company also said it was added after reaching the required liquidity threshold based on its average daily trading volume per month.
Its average daily trading volume reached P190 million since its October 29, 2020 disclosure that fintech firm SquidPay Technology, Inc. would acquire a 55% ownership for P925 million.
Since then, the group led by businessman Marvin Dela Cruz has completed an initial payment of P300 million, with the balance of P625 million to be paid through cash payments and SquidPay share infusion over the next two years.
On Monday, Premiere Horizon shares on the stock market closed 8.97% higher to end at P3.16 each. – KCG Valmonte
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