C08849-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Number of Shares of Common Stock Outstanding | 14,400,000,000 | |
Amount of Debt Outstanding | 247,315,029 |
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Subject of the Disclosure |
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BHI BOD Meeting |
Background/Description of the Disclosure |
We advise that the Board of Directors (the “Board”) of Boulevard Holdings, Inc. (“BHI”) during its special meeting held on December 13, 2023 approved to increase BHI’s authorized capital stock from 17 Billion shares with par value of P0.10 per share to 18.5 Billion shares with par value of P0.10 per share. The Board approved the new 1.5 Billion shares to be subscribed prospectively by Puerto Azul Land, Inc. (“PALI”) at a subscription price of P0.10 per share in a Subscription Agreement to be executed in January 2024. The anticipated proceeds for the additional subscription shares shall be allocated for the construction of the future Friday’s Siargao located in Malinao, General Luna, Surigao del Norte. |
Other Relevant Information |
Please see the attached report. |
Name | Odessa Lora Bodanio |
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Designation | Head of Finance and Chief Corporate Information Officer |