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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;

Stock News for Ppl (PPL)
10/19/201614:05:00PPL Corporation to Conduct Webcast on 2016 Third-Quarter Earnings...
10/11/201607:30:54Current Report Filing (8-k)
10/10/201617:13:00PPL Corporation to Conduct Webcast in Advance of Third-Quarter...
10/05/201608:32:09Statement of Changes in Beneficial Ownership (4)
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10/05/201608:27:31Statement of Changes in Beneficial Ownership (4)
10/05/201608:26:35Statement of Changes in Beneficial Ownership (4)
10/05/201608:22:03Statement of Changes in Beneficial Ownership (4)
10/05/201608:20:01Statement of Changes in Beneficial Ownership (4)
10/05/201608:18:12Statement of Changes in Beneficial Ownership (4)
09/15/201616:52:33Current Report Filing (8-k)
09/08/201607:54:28Current Report Filing (8-k)
08/29/201610:20:00Williams Adds Three New Directors
08/26/201614:09:03Current Report Filing (8-k)
08/26/201610:09:00PPL to Pay Quarterly Stock Dividend Oct. 3
08/11/201607:38:07Current Report Filing (8-k)
08/10/201609:40:00PPL Electric Utilities warns customers of sophisticated phone...
08/09/201611:48:34Quarterly Report (10-q)
08/09/201608:05:37Current Report Filing (8-k)

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