General Announcement::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
26-Mar-2024 09:09:47
Status
New
Announcement Sub Title
Acquisition or Disposition of Shares of Another Corporation
Announcement Reference
SG240326OTHRIUAX
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 March 21, 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 stakes in GoTyme Bank Corporation to GoTyme Financial Pte. Ltd. (744,099,587 common shares) and Giga Investment Holdings Pte. Ltd., (7,956,703 common shares) at Php1.20 per share, subject to BSP approval. The Go Tyme Shares were acquired by BPI pursuant to the merger between BPI and Robinsons Bank Corporation ( RBank ) with BPI as the surviving bank.
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=7fac8f55f7153f38abca0fa0c5b4e4d0
3. Philippine Dealing and Exchange Corporation (PDEx)
Attachments
SEC 17C - Results of 20 Mar 2024 Board Meeting.pdf
Total size =859K
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