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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; Andrew.FitzGerald@dowjones.com

Stock News for Ppl (PPL)
DateTimeHeadline
07/02/201511:57:28Statement of Changes in Beneficial Ownership (4)
07/02/201511:56:36Statement of Changes in Beneficial Ownership (4)
07/02/201511:55:44Statement of Changes in Beneficial Ownership (4)
07/02/201511:55:19Statement of Changes in Beneficial Ownership (4)
07/02/201511:53:07Statement of Changes in Beneficial Ownership (4)
07/02/201511:52:14Statement of Changes in Beneficial Ownership (4)
07/02/201511:51:22Statement of Changes in Beneficial Ownership (4)
07/02/201511:50:57Statement of Changes in Beneficial Ownership (4)
07/01/201514:55:09Current Report Filing (8-k)
06/23/201515:39:34Statement of Changes in Beneficial Ownership (4)
06/22/201512:02:53Statement of Changes in Beneficial Ownership (4)
06/22/201511:47:47Statement of Changes in Beneficial Ownership (4)
06/22/201511:41:27Statement of Changes in Beneficial Ownership (4)
06/22/201511:40:03Statement of Changes in Beneficial Ownership (4)
06/22/201511:38:44Statement of Changes in Beneficial Ownership (4)
06/22/201511:37:39Statement of Changes in Beneficial Ownership (4)
06/22/201511:35:58Statement of Changes in Beneficial Ownership (4)
06/22/201511:32:53Statement of Changes in Beneficial Ownership (4)
06/17/201516:10:52Annual Report of Employee Stock Plans (11-k)
06/17/201508:21:53Statement of Changes in Beneficial Ownership (4)

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