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)
Jul 26, 2023
2. SEC Identification Number
A1997-9587
3. BIR Tax Identification No.
005-338-421-000
4. Exact name of issuer as specified in its charter
Citystate Savings Bank,Inc.
5. Province, country or other jurisdiction of incorporation
Makati City, Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Citystate Centre Building, 709 Shaw Boulevard, Pasig CityPostal Code1600
8. Issuer's telephone number, including area code
(632) 8470-3333
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 Shares
150,600,000
11. Indicate the item numbers reported herein
Item No. 9 only
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.
Citystate Savings Bank, Inc.CSB
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
Additional subscription of Eternal Gardens Memorial Park Corporation for 2,700,000 shares from the unsubscribed authorized capital stock of Citystate Savings Bank,Inc.
Background/Description of the Disclosure
On July 26, 2023, the Board of Directors of Citystate Savings Bank, Inc. (CSBank) approved the additional subscription of Eternal Gardens Memorial Park Corporation (EGMPC) for 2,700,000 shares from the unsubscribed authorized capital stock of CSBank.
In compliance with the disclosure requirement of the Philippine Stock Exchange (PSE) and Securities and Exchange Commission (SEC), please be advised that by virtue of the resolution of the Board of Directors of Citystate Savings Bank,Inc. (CSBank) dated 26 July 2023, a subscription Agreement was entered into by and between CSBank and Eternal Gradens Memorial Park Corporation (EGMPC) for the 2,700,000 shares (with par value of Php10.00) amounting to TWENTY SEVEN MILLION PESOS (Php27,000,000.00).
The Agreement was executed to comply with the documentary requirements of SEC in connection with the subscription of EGMPC to the unsubscribed portion of the authorized capital stock of the Bank.
Since the subscription pertains to less than 10% of the total issued and outstanding capital stock of CSBI, the Rule on Additional Listing Shares will not apply.