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
2,353,746,590
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.
Union Bank of the PhilippinesUBP
PSE Disclosure Form 6-2 - Declaration of Stock Dividends References: SRC Rule 17 (SEC Form 17-C) and Sections 6 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Approval by the Securities and Exchange Commission of the Amended Articles of Incorporation and the Increase of Capital Stock
Background/Description of the Disclosure
Please be informed that the Securities and Exchange Commission has approved on December 5, 2023, the amendments to the Articles of Incorporation of Union Bank of the Philippines increasing its authorized capital stock from Php35,307,852,380.00 to Php60,307,852,380.00.
Attached for reference are the following:
1. Certificate of Filing of Amended Articles of Incorporation 2. Certificate of Approval of Increase of Capital Stock
Type of Securities
Common
PreferredN/A
OthersN/A
Stock Dividend
Date of Approval by Board of Directors
Feb 24, 2023
Date of Approval by Stockholders
Apr 28, 2023
Other Relevant Regulatory Agency, if applicable
Bangko Sentral ng Pilipinas
Date of Approval by Relevant Regulatory Agency, if applicable
Aug 1, 2023
Date of Approval by Securities and Exchange Commission
Dec 5, 2023
Stock Dividend Rate
27%
Source of Dividend Payment
Stock dividend equivalent to 27% of the Bank’s outstanding capital stock, amounting to 635,519,133 shares with par value of Php 6,355,191,330.00, to comply with the required subscription of at least 25% of the increase in authorized capital stock amounting to Php 25,000,000,000.00.
Source of Shares for Distribution
To be taken from the unissued capital stock
Number of Shares to be Issued :
-
To be taken from an increase in authorized capital stock
From:
Php 35,307,852,380.00
To:Php 60,307,852,380.00
Number of Shares to be Issued :
635,519,133
Others:
-
Number of Shares to be Issued :
-
Record Date
TBA
Payment Date
TBA
Other Relevant Information
The disclosure is being amended to reflect the date of approval by the Securities and Exchange Commission of the Amended Articles of Incorporation and the Increase of Capital Stock.
Upon determining the record date, please note that there will be necessary adjustments to the Bank's share price and outstanding shares.
Please refer to the attached disclosure.
Filed on behalf by:
Name
Joselito Banaag
Designation
Senior Vice President, General Counsel and Corporate Secretary