C02318-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 8,648,462,987 |
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 |
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Amendments to the By-laws of Filinvest Development Corporation (“FDC”) |
Background/Description of the Disclosure |
Please be informed that on 18 April 2024, Filinvest Development Corporation (“FDC” or the “Company”) received the Certificate of Filing of Amended By-Laws issued by the Securities and Exchange Commission (SEC) on 17 April 2024, which covers amendments to: Article II, Section 3, Article III, Sections 4, 5, 7 and 8, Article IV, Sections 2, 3, 5, 8 and 9, Article VI Sections 1, 2, 7, 8, 14 and 15 and Article VII, Section 3. |
Date of Approval by Board of Directors | Oct 26, 2022 |
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Date of Approval by Stockholders | Apr 28, 2023 |
Other Relevant Regulatory Agency, if applicable | N/A |
Date of Approval by Relevant Regulatory Agency, if applicable | N/A |
Date of Approval by Securities and Exchange Commission | Apr 17, 2024 |
Date of Receipt of SEC approval | Apr 18, 2024 |
Article and Section Nos. | From | To | |
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Please see attached | - | - |
Rationale for the amendment(s) | |
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The By-Laws of FDC is being amended to (1) authorize and allow the attendance, and participation of directors, and stockholders, in regular and special meetings through teleconferencing, video conferencing and other remote or electronic means of communication; (2) provide for the powers and duties of a Compliance Officer, and (3) to provide for a reward/compensation policy that accounts for the performance of the company beyond short-term financial measures. |
Expected date of filing the amendments to the By-Laws with the SEC | Mar 11, 2024 |
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Expected date of SEC approval of the Amended By-Laws | Apr 17, 2024 |
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any |
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None. |
Other Relevant Information |
The disclosure is being amended to reflect the date of approval by the Securities and Exchange Commission (SEC) and the date of receipt of the SEC approval. |
Name | Lindeza Gavino |
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Designation | Corporate Secretary and Corporate Information Officer |