C00751-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
---|---|---|
COMMON | 1,036,281,485 | |
EEIPA | 15,000,000 | |
EEIPB | 45,000,000 |
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.
Subject of the Disclosure |
---|
Declaration of Cash Dividends for Preferred Shares Series "A" |
Background/Description of the Disclosure |
Please be informed that the Board of Directors of EEI Corporation in its special meeting today, February 14, 2024, approved the declaration of cash dividends to be paid out of the Company’s unrestricted retained earnings as of December 31, 2023 to all shareholders of record of the Company’s Preferred Shares Series "A”, details of which are as follows: |
Type of Securities
Date of Approval by Board of Directors | Feb 14, 2024 |
---|---|
Other Relevant Regulatory Agency, if applicable | N/A |
Date of Approval by Relevant Regulatory Agency, if applicable | N/A |
Type (Regular or Special) | Special |
Amount of Cash Dividend Per Share | PhP1.441025 per share, per quarter (Equivalent to the rate of 5.7641% per annum) |
Record Date | Dec 2, 2024 |
Payment Date | Dec 23, 2024 |
Source of Dividend Payment |
---|
Unrestricted retained earnings as of December 31, 2023. |
Other Relevant Information |
As per the Prospectus, Cash dividends are payable on March 23, June 23, September 23, and December 23 of each year (each a “Dividend Payment Date”), being the last day of each 3-month period. Since March 23 and June 23 fall on a day that is not a Banking Day, dividends will be paid on the next succeeding Banking Day, without adjustment as to the amount of dividends to be paid. |
Name | Teresita Salazar |
---|---|
Designation | Sr. Legal Services Officer |