C07569-2023
Ex-Date : Oct 31, 2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Oct 19, 2023
2. SEC Identification Number
31168
3. BIR Tax Identification No.
002-724-446-000
4. Exact name of issuer as specified in its charter
A Brown Company, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Xavier Estates Uptown, Airport Road, Balulang, Cagayan de Oro City Postal Code 9000
8. Issuer's telephone number, including area code
Liaison Office --- 02-8631 8890 or (02) 8633-3135
9. Former name or former address, if changed since last report
-
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock 2,372,367,911 shares
Preferred Stock 13,264,900 shares
11. Indicate the item numbers reported herein
Item No. 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

A Brown Company, Inc.BRN

PSE Disclosure Form 6-1 - Declaration of Cash Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Declaration of Cash Dividends on “Series A” Preferred Shares
Background/Description of the Disclosure

Please be advised, further to our disclosure dated 03 February 2023, that the Record Date for the 29 November 2023 cash dividend will be adjusted from 31 October 2023 to 03 November 2023 on account of the recent declaration of 30 October 2023 as a non-working holiday because of the Barangay and Sangguniang Kabataan Elections to be conducted nationwide.

As previously disclosed:

(1) the terms of the “Series A” Preferred Shares issuance provide a yearly cash dividend at the rate of 7.00% of the Offer Price of Php100.00 per share, payable, quarterly in arrears on March 1, May 29, August 29 and November 29 of each year;

(2) pursuant to the foregoing, the Board approved the declaration of cash dividend for the four quarters of the year in the amount of Php 1.75 per Preferred Share, computed as follows:

7% x Php 100.00 x 90/360 = Php 1.75 per share

(3) The schedule of the payment and distribution of the cash dividends of “Series A” Preferred Shares shall be made to the entitled shareholders on the following dates:
(i) 01 March 2023 to shareholders of record as of 17 February 2023;
(ii) (ii) 29 May 2023 to shareholders of record as of 03 May 2023;
(iii) 29 August 2023 to shareholders of record as of 01 August 2023; and,
(iv) 29 November 2023 to shareholders of record as of 03 November 2023.

(4) The cash dividend will be paid out of the Corporation’s unrestricted retained earnings as of 31 December 2022.


Thank you for your kind attention.

Type of Securities

Cash Dividend
Date of Approval by Board of Directors Feb 3, 2023
Other Relevant Regulatory Agency, if applicable N/A
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Type (Regular or Special) Regular
Amount of Cash Dividend Per Share Php 1.75 per share
Record Date Nov 3, 2023
Payment Date Nov 29, 2023
Source of Dividend Payment

The cash dividend will be paid out of the Corporation’s unrestricted retained earnings as of 31 December 2022.
Other Relevant Information

The Record Date for the 29 November 2023 cash dividend will be adjusted from 31 October 2023 to 03 November 2023 on account of the recent declaration of 30 October 2023 as a non-working holiday because of the Barangay and Sangguniang Kabataan Elections to be conducted nationwide.
Filed on behalf by:
Name Allan Ace Magdaluyo
Designation Senior Finance Manager/Corporate Information Officer/Compliance Officer