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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
03/28/201518:00:00PPL EnergyPlus President Retires
03/22/201506:18:03PPL Is Set To Deliver Solid Performance As It Earns Bullish Thesis
03/19/201516:14:38Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/17/201518:37:13Own utilities despite rising rate environment, two analysts say
03/11/201514:26:30Current Report Filing (8-k)
03/11/201511:21:00Applications Associated with PPL Spinoff Transaction Approved...
03/10/201522:45:259 Leading S&P 500 Dividend Dogs Track 13% To 29% March Upsides
03/06/201506:55:075 Equity Dividend Income Ideas For Conservative Income Investors
03/02/201515:04:39Statement of Changes in Beneficial Ownership (4)
02/27/201510:24:00PPL to Pay Quarterly Stock Dividend April 1
02/26/201523:02:025 Ace Utility Dividend Dogs Declare 21% To 83% February Upsides
02/26/201516:20:34Current Report Filing (8-k)
02/26/201512:33:01Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
02/25/201517:07:29Automatic Shelf Registration Statement of Securities of Well-known...
02/25/201516:15:19Automatic Shelf Registration Statement of Securities of Well-known...
02/25/201515:57:51Current Report Filing (8-k)
02/23/201515:52:20Current Report Filing (8-k)
02/18/201516:45:00/C O R R E C T I O N -- PPL Corporation/
02/18/201515:11:00PPL Presentation to be Webcast from Credit Suisse Conference...
02/10/201511:17:23Statement of Ownership (sc 13g)

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