General Announcement::[Amend-2]Acquisition or Disposition of Shares of Another Corporation

Issuer & Securities

Issuer/ Manager
BANK OF THE PHILIPPINE ISLANDS
Securities
BANKOFPHILISUS$300M2.5%N240910 - XS2050923825 - GQDB
BANKOFPHIISUS$400M5.25%N290326 - XS2787477277 - RFNB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
10-Oct-2024 09:30:05
Status
New
Announcement Sub Title
[Amend-2]Acquisition or Disposition of Shares of Another Corporation
Announcement Reference
SG241010OTHR80LQ
Submitted By (Co./ Ind. Name)
Maria Isabel C. Borja
Designation
Investor Relations Officer
Description (Please provide a detailed description of the event in the box below)
Attached is BPI's disclosure as of October 10, 2024 on the above subject.

On 20 March 2024, the Board of Directors of BPI approved the sale of its 752,056,290 common shares, representing all of its stake in GoTyme Bank, to GoTyme Financial Pte Ltd. (744,099,587 common shares) and Giga Investment Holdings Pte. Ltd., (7,956,703 common shares), respectively, at Php1.20 per share, subject to BSP approval. The shares of BPI in GoTyme Bank were acquired by BPI pursuant to the merger between BPI and Robinsons Bank Corporation ( RBank ) with BPI as the surviving bank.

On 1 April 2024, Deeds of Absolute Sale of Shares covering the abovementioned sale of GoTyme Bank shares were signed by the authorized representatives of BPI.

In its Resolution No. 1145 dated 03 October 2024, which was received by BPI on 09 October 2014, the BSP approved the abovementioned sale.

Attachments

SEC 17C - BSP Approval.pdf
Total size =524K