To ALL PHILODRILL Stockholders,
In relation with the PHILODRILL (OV) cash dividend for RD March 05, 2014, please be informed that we are still in process of securing your dividend payment from the Stock Transfer Office of Philodrill. Transfer Office compels trading participants to disclose the information of OVs ultimate beneficial owners in compliance with BIR regulations.
BPI Securities safeguards the confidentiality of information given to us by our clients, but because of the new requirement imposed by the BIR (RR1-2014) to disclose the complete information of our stockholders, we regret to inform you that there will be a delay in crediting of your OV cash dividends.
Rest assured that we are doing our best effort to resolve the issue.
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