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)
Nov 28, 2023
2. SEC Identification Number
17514
3. BIR Tax Identification No.
000-599-760-000
4. Exact name of issuer as specified in its charter
RIZAL COMMERCIAL BANKING CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
6819 Ayala cor. Gil J. Puyat Ave., Makati CityPostal Code0727
8. Issuer's telephone number, including area code
8894-9000
9. Former name or former address, if changed since last report
Not Applicable
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
2,419,536,120
11. Indicate the item numbers reported herein
-
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.
Rizal Commercial Banking CorporationRCB
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
Significant items approved by the Board of Directors at the regular meeting held on November 28, 2023
Background/Description of the Disclosure
Please be advised of the following significant items approved by the Board of Directors at the regular meeting held on November 28, 2023.
1. Cash Dividend Declaration on Convertible Preferred Shares
The declaration covers cash dividends for the Bank’s convertible preferred shares amounting to P0.18698 (US$0.00330 per share or a total of P50,000.38 (US$881.37 @ P56.730). The cash dividend is payable to holders of convertible preferred shares as of December 21, 2023 (record date) and payable within 5 trading days from record date. The actual and final amount of the cash dividends may be lower if there are additional conversions to common stock prior to and up to December 21, 2023. The dollar equivalent of the cash dividend, however, would depend on the prevailing exchange rate on December 21, 2023.
The cash dividend is for unlisted preferred shares.
2. Secondment of FSVP Robert Rol Richard Raymond B. Ramos to RCBC Trust Corporation and appointment as President effective January 1, 2024 (subject to BSP/other regulatory approvals, as may be required)
He has almost three (3) decades of banking and finance experience working for local and foreign institutions. He has extensive experience the fields of trust and asset management, product development, trading, fund management, business development and relationship management.
Mr. Ramos is currently the Trust Officer and Head of RCBC Trust and Investments Group. He is mainly responsible for managing and growing the Bank’s trust and fiduciary business and enhancing its contribution to the Bank’s revenues as well as the Bank’s image in the industry.
He has masters degrees in the areas of Business Management and Business Economics. He also holds a doctoral degree in Business Administration.