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PPL To Offer 9.9 Million Shares

DOW JONES NEWSWIRES PPL Corp. (PPL) plans to offer 9.9 million shares to bolster its units' operations. Shares slipped 1.6% to $27.22 after hours on the dilutive move. The company in February had about 577.3 million shares outstanding. The offering comes after the utility operator named Chief Executive William H. Spence as its new chairman, filling the post ahead of the retirement of chairman and former chief James H. Miller. The company has meanwhile been working to boost its exposure to regulated power markets, which have generated more robust returns of late. PPL plans to use proceeds from the offering to make capital contributions to its subsidiaries. It will also use the proceeds to repay short-term debt and help other general corporate purposes. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; [email protected]

Stock News for Ppl (PPL)
DateTimeHeadline
01/18/201709:19:00PPL Corporation to Conduct Webcast on 2016 Earnings Results
01/12/201707:42:55Current Report Filing (8-k)
01/05/201714:07:09Statement of Changes in Beneficial Ownership (4)
01/05/201714:06:17Statement of Changes in Beneficial Ownership (4)
01/05/201714:04:30Statement of Changes in Beneficial Ownership (4)
01/05/201714:04:02Statement of Changes in Beneficial Ownership (4)
01/05/201714:02:15Statement of Changes in Beneficial Ownership (4)
01/05/201714:01:21Statement of Changes in Beneficial Ownership (4)
01/05/201714:00:02Statement of Changes in Beneficial Ownership (4)
01/05/201713:58:19Statement of Changes in Beneficial Ownership (4)
01/05/201712:49:24Statement of Changes in Beneficial Ownership (4)
01/05/201710:11:56Initial Statement of Beneficial Ownership (3)
12/20/201613:14:43Securities Registration: Employee Benefit Plan (s-8)
12/19/201610:24:00PPL Corporation sets 2017 annual meeting date
12/19/201610:09:23Statement of Changes in Beneficial Ownership (4)
12/14/201611:45:44Statement of Changes in Beneficial Ownership (4)
12/05/201616:33:13Current Report Filing (8-k)
12/05/201609:54:00PPL Corporation earns highest score in 2017 Corporate Equality...
11/29/201616:27:32Current Report Filing (8-k)
11/18/201609:40:00PPL to Pay Quarterly Stock Dividend Jan. 3

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