In selling back its treasury shares to existing stockholders, ISM did what other listed companies usually do with reacquired shares: sell them back to stockholders. It unloaded its treasury shares at a loss of 52 centavos per share. ISM was correct when it clarified that the sale of treasury shares is not a stock rights offer. Directing the public to read financial postings may not be enough for them to fully understand so many technical terms. To the owners and managers of listed companies: Why can’t you express your appreciation of your public stockholders by making your financial postings easily understandable?

Source: Manila Times April 23, 2017 15:56 UTC