General Announcement::Acquisition or Disposition of Shares of Another Corporation - Amendment
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
02-Apr-2024 08:47:32
Status
New
Announcement Sub Title
Acquisition or Disposition of Shares of Another Corporation - Amendment
Announcement Reference
SG240402OTHRHU1E
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)
Attached is BPI s disclosure as of April 2, 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.
The ff. regulators have also 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=49ad00a3dd641b1cabca0fa0c5b4e4d0
3. Philippine Dealing and Exchange Corporation (PDEx)
Attachments
SEC 17-C Signing of Deed of Absolute Sale of Shares.pdf
Total size =567K
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