BBS investors to get P75m shares windfall

Aside of the free shares, qualifying members will also convert their investments or deposits in the society into shares with each investor limited to a maximum 15% shareholding in BBS Limited.

According to a prospectus for the BBS demutualisation process released this week, close to 52,000 members have invested about P1.5 billion into the society through three different classes of   membership namely, subscription shares, paid up shares and indefinite period shares.