9. Former name or former address, if changed since last report
N/A
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
13,277,470,000
PREFERRED
960
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.
DMCI Holdings, Inc.DMC
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Results of the Board of Directors' Meeting
Background/Description of the Disclosure
This is to inform the investing public that at the meeting of the Board of Directors held today, March 5, 2024, the Board approved the following:
1. Consolidated Audited Financial Statements for the period December 31, 2023 (see attached for the Management Discussion and Analysis)
2. Annual Stockholders’ Meeting
The Corporation will hold its Annual Stockholders’ Meeting (ASM) on May 21, 2024, Tuesday, at 9:30 a.m. via remote communication. The Record Date for the ASM is set on April 8, 2024. The Board has appointed Castillo Laman Tan Pantaleon and San Jose Law Offices (CLTPSJ) and Stock Transfer Service, Inc. (STSI) as Committee of Inspectors while the audit firm, Punongbayan & Araullo (P&A) was appointed as Board of Canvassers.
The Board likewise approved the following: 1. Filing of the application to the Securities Exchange Commission (SEC) to authorize the distribution of Annual Stockholders meeting materials using the Quick Response (QR) Code. 2. Distribution of Notice of Annual Stockholders’ Meeting through publication in the business section of two (2) newspapers of general circulation in print and online format for two (2) consecutive days. Provided that the last publication of the Notice of ASM shall be made not later than twenty-one (21) days prior to scheduled ASM
3. Re-appointment of the external and internal auditors and Lead Internal Audit Coordinator
Upon recommendation of the Audit Committee, the Board approved, subject to stockholders’ ratification, the reappointment of Sycip, Gorres, Velayo & Co. (SGV) as the Corporation’s external auditor for the current year (2023). Likewise, Punongbayan & Araullo (P&A) was appointed as the Company’s internal auditor. The Board also appointed Mr. Joseph Adelbert V. Legasto as the Lead Internal Audit Coordinator.
Other Relevant Information
The Company wishes to correct a typographical error on page 13 of the Management Discussion and Analysis (MDA), specifically the one seen below:
- Significant growth in sales value. Total sales value increased by 14% from Php 4.37 billion to Php 7.47 billion, mainly due to stronger residential sales, tempered by lower ASP.
The above item should read as follows:
- Significant growth in sales value. Total sales value increased by 14% from Php 6.57 billion to Php 7.47 billion, mainly due to stronger residential sales, tempered by lower ASP.
There is no material effect on the results of the Company, as the correction is on the prior-year figure. As disclosed last year, the total sales value in Q4 2022 was Php 6.57 billion.