Change - Amendment to Articles::Corporate Governance - Amendments to the Bank's Amended By-Laws

Issuer & Securities

Issuer/ Manager
BANK OF THE PHILIPPINE ISLANDS
Securities
BANKOFPHILISUS$500M5%N300407 - XS3035215261 - 1O4B
BANKOFPHISUS$300M5.625%N350407 - XS3035231110 - 95HB
BANKOFPHIISUS$400M5.25%N290326 - XS2787477277 - RFNB
Stapled Security
No

Announcement Details

Announcement Title
Change - Amendment to Articles
Date &Time of Broadcast
19-Mar-2026 13:23:32
Status
New
Announcement Sub Title
Corporate Governance - Amendments to the Bank's Amended By-Laws
Announcement Reference
SG260319OTHR5QJL
Submitted By (Co./ Ind. Name)
Erika Nicole O. Balagtas
Designation
Investor Relations Officer
Effective Date and Time of the event
19/03/2026 07:23:00
Description (Please provide a detailed description of the event in the box below)
Please be informed that the Board of Directors at its regular meeting held today 18 March 2026, approved the amendments to Articles IV, V, VII and VII-A of the Bank's Amended By-Laws. The amendments will be presented to the stockholders for approval in the Bank's Annual Stockholders' Meeting to be held on 20 April 2026.

The proposed amendments are aimed to:
1) Align with the practice of holding the annual stockholders' meeting in April;
2) Align with SEC MC No. 7, S. of 2021, which grants shareholders holding at least ten percent (10%) of the outstanding capital stock of a publicly-listed company the right to call for a Special Stockholders' Meeting;
3) Allow greater flexibility to adapt to evolving practices in the determination of the Order of Business of the annual stockholders' meeting; and
4) Align with Section 29 of the Revised Corporation Code on compensation of directors.

The proposed amendments to the Bank's Amended By-Laws are expected to improve the overall corporate governance framework and administrative efficiency of the Bank.

Please see attachment for further details.

The following regulators have also been duly informed of the same:
1. Philippine Stock Exchange (PSE)
https://edge.pse.com.ph/openDiscViewer.do?edge_no=dc80311e4ddc137064d70b69f0a3140b
2. Philippine Dealing and Exchange Corporation (PDEx)

Attachments

SEC 17C - Amendments to By-Laws.pdf
Total size =1706K