General Announcement::Declaration of Property Dividends - Amendment

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 15:18:46
Status
New
Announcement Sub Title
Declaration of Property Dividends - Amendment
Announcement Reference
SG230620OTHRFYYI
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)
Final Cross Date, Cross Price and Fair Market Value for BPI Property Dividend

In relation to BPI s 15 June 2023 disclosure on the Property Dividend Distribution Procedures for the distribution of property dividends consisting of 406,179,276 common shares of BPI held in treasury ( Property Dividend ), please be advised that the Final Cross Date, as fixed by the Management of BPI pursuant to its Board-delegated authority, is 16 June 2023. The Cross Price for the transfer of the Property Dividend through the Exchange is Php105.00 per share.

Further, in accordance with the Property Dividend Distribution Procedures, the Fair Market Value which shall be used for purposes of determining the final withholding tax on the Property Dividend shares due to the Bureau of Internal Revenue is Php105.00 per share, which is equivalent to the higher of the closing price of BPI shares in the Exchange on Declaration Date or the price at which the Property Dividend shares are crossed via the Exchange on Payment Date.

This is an amendment to the June 16 disclosure https://links.sgx.com/1.0.0/corporate-announcements/ASH37OQIFZDPCHFL/55109136c32ef40c5110b1bfe6a8c1cbd93d7b102396ae4673f778696172dbed to provide information on the Final Cross Date, Cross Price and Fair Market Value for BPI Property Dividend.

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=d43a29edb7feef7e9e4dc6f6c9b65995
3. Philippine Dealing and Exchange Corporation (PDEx)

Attachments

SEC 17C - Final Cross Date_Cross Price and Fair Market Value for BPI Property Dividend.pdf
Total size =672K