C04699-2023

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)
Jun 15, 2023
2. SEC Identification Number
CS200900917
3. BIR Tax Identification No.
007213353000
4. Exact name of issuer as specified in its charter
ITALPINAS DEVELOPMENT CORPORATION
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Unit 28C BPI Philamlife Building, 6811 Ayala Avenue, Makati City Postal Code 1227
8. Issuer's telephone number, including area code
(632) 88930328
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 629,568,795
11. Indicate the item numbers reported herein
Item No. 9 - Other Events

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.

Italpinas Development CorporationIDC

PSE Disclosure Form 7-2 - Postponement of Annual Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 7 of the Revised Disclosure Rules

Subject of the Disclosure

Postponement and Resetting of Annual Stockholders Meeting
Background/Description of the Disclosure

At a meeting held on June 7, 2023, the Board of Directors of Italpinas Development Corporation approved the following acts: (a) ratification of the decision of management to postpone the 2023 Annual Stockholders Meeting which is scheduled on the last day of March of every year considering that the amendment adopted on June 5, 2017 transferring the date of the ASM from last Monday of March to last Thursday of May was not implemented, and the Amended By-Laws adopted on September 25, 2020, retained the date of ASM as last Monday of March of each year; and (b) setting the 2023 Annual Stockholders Meeting on July 28, 2023 at 3:00 p.m.

The Corporation’s shareholders as of close of trading on June 30, 2023 will be eligible to vote in the said meeting. For this purpose, the Stock and Transfer Books of the Corporation will be closed by end of trading on June 30, 2023.

The Annual Stockholders Meeting will be held by remote communication in accordance with the rules promulgated by the Securities & Exchange Commission. The link to the meeting, details on registration, participation and voting will be disclosed in the Corporation’s Definitive Information Statement.
Date of Approval by Board of Directors Jun 7, 2023
Date of Stockholders' Meeting (as provided in the By-Laws) Last Monday of March
Reason(s) for postponement

The Audited Financial Statements for FY 2022 and the Financial Statements for 1st Quarter of 2023 were not yet available by March, 2023, for which reason no new information on financials and operations will made available to the stockholders if the ASM is held barely 4 months after the 2022 ASM, which was held on November 16, 2022.
Other Relevant Information

This seeks to correct the typographical error in the submission made on June 8, 2023, wherein it was indicated under Description of Disclosure that "shareholders as of close of trading on June 30, 2022 will be eligible to vote". The current submission has corrected the date to "June 30, 2023".
Filed on behalf by:
Name Aleli Cordero
Designation Legal Counsel/Corporate Information Officer