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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
02/22/201713:42:14Statement of Changes in Beneficial Ownership (4)
02/22/201713:41:14Statement of Changes in Beneficial Ownership (4)
02/22/201713:40:47Statement of Changes in Beneficial Ownership (4)
02/22/201713:18:48Statement of Changes in Beneficial Ownership (4)
02/22/201713:18:18Statement of Changes in Beneficial Ownership (4)
02/22/201713:17:10Statement of Changes in Beneficial Ownership (4)
02/22/201713:15:14Statement of Changes in Beneficial Ownership (4)
02/22/201713:14:45Statement of Changes in Beneficial Ownership (4)
02/22/201713:13:48Statement of Changes in Beneficial Ownership (4)
02/17/201714:12:56Current Report Filing (8-k)
02/17/201711:45:18Annual Report (10-k)
02/16/201713:51:11Amended Statement of Changes in Beneficial Ownership (4/a)
02/13/201706:27:50Amended Statement of Ownership (sc 13g/a)
02/01/201708:44:00PPL Profit Rises in Latest Quarter
02/01/201707:19:37Current Report Filing (8-k)
02/01/201707:10:00PPL Corporation Reports 2016 Earnings
01/30/201716:00:42Statement of Changes in Beneficial Ownership (4)
01/30/201715:57:10Statement of Changes in Beneficial Ownership (4)
01/30/201715:50:56Statement of Changes in Beneficial Ownership (4)
01/30/201715:48:41Statement of Changes in Beneficial Ownership (4)

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