C07227-2023
Ex-Date : Oct 13, 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)
Oct 2, 2023
2. SEC Identification Number
102165
3. BIR Tax Identification No.
000-803-498-000
4. Exact name of issuer as specified in its charter
Bright Kindle Resources & Investments, Inc.
5. Province, country or other jurisdiction of incorporation
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
16th floor BDO Towers Valero (formerly Citibank Tower), 8741 Paseo de Roxas, Makati City Postal Code 1227
8. Issuer's telephone number, including area code
(02) 88330769
9. Former name or former address, if changed since last report
-
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 1,528,474,000
11. Indicate the item numbers reported herein
Item 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.

Bright Kindle Resources & Investments Inc.BKR

PSE Disclosure Form 6-3 - Declaration of Property Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Property Dividend Declaration

Background/Description of the Disclosure

On 08 September 2023, the Board of Directors of Bright Kindle Resources and Investments, Inc. (the “Company”) approved a property dividend of 509,491,063 common shares with par value of Php 0.10 per share, or an aggregate par value of PhP 50,949,106.30, of the Company’s subsidiary Brightstar Holdings and Development Inc. (“BHDI”) (”Subsidiary"), to be paid at a ratio of one (1) BHDI share for every three (3) common shares of the Company held.

The Board of Directors also declared a Cash Dividend of up to PhP 6,113,896.00 which is approximately 12% of the property dividend value to cover the withholding taxes and expenses of the property dividend.

In the same meeting, the Board authorized the President and management to determine the record date and payment date of the property and cash dividend declarations and the mechanics thereof.

Pursuant to the authority given, the management and the President, Mr. Augusto C. Serafica, Jr., fixed the cash dividend at PhP 0.0037 per share or a total of PhP 5,661,011.81 to be applied to the payment of any withholding taxes on the property and cash dividends thereby declared, if applicable, or otherwise paid to the stockholder. The President also set the record date on 16 October 2023 to be paid within 30 days from the issuance by the Bureau of Internal Revenue of the Certificate Authorizing Registration of the transfer of BHDI shares from the Company to the stockholders as of record date; Provided, that in case a stockholder is entitled to a fractional BHDI share, the Company shall pay for such fraction in cash based on par value.

Type of Securities

Property Dividend
Date of Approval by Board of Directors Sep 8, 2023
Date of Approval by Stockholders N/A
Date of Approval by Securities and Exchange Commission, if applicable TBA
Other Relevant Regulatory Agency, if applicable Bureau of Internal Revenue
Date of Approval by Relevant Regulatory Agency, if applicable TBA
Property to be Distributed Brightstar Holdings and Development Inc. (BHDI)
Entitlement Ratio (1) BHDI share for every three (3) common BKR shares
Record Date (to be determined after necessary approvals) Oct 16, 2023
Payment Date (to be determined after necessary approvals) TBA
Other Relevant Information

None

Filed on behalf by:
Name Joanna Alecxis Manzano
Designation Legal Admin Supervisor