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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
05/26/201615:29:27Current Report Filing (8-k)
05/26/201615:00:42Current Report Filing (8-k)
05/25/201618:00:00Successful Amendment To The Coal Sales Contract To Deliver Coal...
05/25/201613:16:00PPL to Pay Quarterly Stock Dividend July 1
05/25/201612:28:00PPL Chairman Says Company Investing in the Future, Well-Positioned...
05/17/201612:00:26Current Report Filing (8-k)
05/13/201617:31:44Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/13/201612:58:36Statement of Changes in Beneficial Ownership (4)
05/12/201617:19:05Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/12/201608:58:15Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
05/03/201612:13:05Additional Proxy Soliciting Materials (definitive) (defa14a)
05/02/201614:39:25Statement of Changes in Beneficial Ownership (4)
04/29/201610:28:33Quarterly Report (10-q)
04/28/201607:27:48Current Report Filing (8-k)
04/28/201607:10:00PPL Corporation Reports First-Quarter Earnings
04/22/201609:39:00PPL completes Northeast-Pocono transmission project
04/21/201609:00:00Customers Saving $250 Million Per Year By Reducing Energy Use
04/18/201611:07:00PPL Corporation to Conduct Webcast on First-Quarter 2016 Earnings...
04/14/201614:52:30Amended Statement of Changes in Beneficial Ownership (4/a)
04/12/201615:38:00Additional Proxy Soliciting Materials (definitive) (defa14a)

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