C08782-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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common | 1,464,419,240 |
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Subject of the Disclosure |
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Updates on the Merger of BPI and Robinsons Bank which was approved by the Board of Directors of Robinsons Retail Holdings, Inc. on September 30, 2022 |
Background/Description of the Disclosure |
This refers to the disclosure filed by Robinsons Retail Holdings, Inc. ("RRHI") last September 30, 2022 on the approval to enter into an agreement among the Bank of the Philippine Islands (“BPI”), RRHI and JG Summit Capital Services Corporation (“JG Capital” and, together with RRHI, the “Robinsons Bank Shareholders”) for the merger of BPI and Robinsons Bank Corporation, with BPI emerging as the surviving entity (the “Merger”), subject to shareholders and regulatory approvals. |
Other Relevant Information |
This disclosure was updated in order to indicate the following: (a) approval by the BSP of the merger between BPI and Robinsons Bank Corporation, with BPI as the surviving entity, subject to compliance with certain conditions and (b) the shareholdings of RRHI in BPI post merger. |
Name | Rosalinda Rivera |
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Designation | Corporate Secretary |