General Announcement::Sale of Treasury Shares

Issuer & Securities

Issuer/ Manager
BANK OF THE PHILIPPINE ISLANDS
Securities
BANKOFPHILIS US$600M4.25%N2309 - XS1841618421 - FNDB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
20-Jun-2023 15:22:07
Status
New
Announcement Sub Title
Sale of Treasury Shares
Announcement Reference
SG230620OTHRUZBU
Submitted By (Co./ Ind. Name)
Maria Ramona O. Ang
Designation
Investor Relations Officer
Description (Please provide a detailed description of the event in the box below)
Disposal of the 406,179,276 common treasury shares of Bank of the Philippine Islands ("BPI" or the Bank") via Property Dividend.
The Board of Directors of the Bank of the Philippine Islands ( BPI ) approved on 15 March 2023 the declaration of property dividends consisting of 406,179,276 BPI common shares held in treasury (the Property Dividend ) to be distributed to all eligible stockholders of BPI as of record date of 29 March 2023 (the Record Date, and the eligible stockholders, the Stockholders ) at an entitlement ratio of 0.0896395563 common share for every one (1) common share of BPI held by the Stockholder. The payment of the Property Dividend was carried out on 16 June 2023 (the Payment Date ), following BPI s receipt of the Certificate of Filing the Notice of Property Dividend Declaration issued by the Securities and Exchange Commission last 13 June 2023. The Property Dividend shares was recorded in the name of PCD Nominee Corp. for the account of the Stockholders in the books of BPI on Payment Date. Following such payment, the total outstanding shares of BPI changed from 4,539,018,015 to 4,945,197,291 common shares as of 16 June 2023.
The actual distribution of the Property Dividend to the Stockholders shall be in accordance with the Property Dividend Guidelines, as amended and supplemented, which was previously disclosed by BPI.
The ff. regulators have been duly informed of the same:
1. Philippine Securities and Exchange Commission (SEC)
2. Philippine Stock Exchange (PSE)
https://edge.pse.com.ph/openDiscViewer.do?edge_no=0b8132aa721911129e4dc6f6c9b65995
3. Philippine Dealing and Exchange Corporation (PDEx)

Attachments

SEC 17C - Disposal of BPI Treasury Shares via Property Dividend.pdf
Total size =711K