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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
02/04/201615:10:37Statement of Changes in Beneficial Ownership (4)
02/04/201608:34:00PPL Revenue and Profit Fall
02/04/201607:36:51Current Report Filing (8-k)
02/04/201607:00:00PPL Corporation Reports 2015 Earnings
02/03/201612:46:19Current Report Filing (8-k)
01/27/201613:24:15Statement of Changes in Beneficial Ownership (4)
01/27/201613:22:58Statement of Changes in Beneficial Ownership (4)
01/27/201613:21:39Statement of Changes in Beneficial Ownership (4)
01/26/201614:23:31Statement of Changes in Beneficial Ownership (4)
01/26/201614:16:25Statement of Changes in Beneficial Ownership (4)
01/26/201614:16:04Statement of Changes in Beneficial Ownership (4)
01/26/201614:07:54Statement of Changes in Beneficial Ownership (4)
01/26/201614:04:24Statement of Changes in Beneficial Ownership (4)
01/26/201613:59:09Statement of Changes in Beneficial Ownership (4)
01/26/201613:54:25Statement of Changes in Beneficial Ownership (4)
01/26/201613:49:28Statement of Changes in Beneficial Ownership (4)
01/25/201613:44:35Statement of Changes in Beneficial Ownership (4)
01/25/201613:39:39Statement of Changes in Beneficial Ownership (4)
01/25/201613:36:53Statement of Changes in Beneficial Ownership (4)
01/25/201613:32:34Statement of Changes in Beneficial Ownership (4)

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