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
2,989,259,518
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 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Stock Rights Offering
Background/Description of the Disclosure
Please be informed that the Board of Directors of Union Bank of the Philippines at its meeting held on January 26, 2024, approved the capital raising of up to Php10.0 billion via a stock rights offering (“SRO”) to all existing stockholders, subject to regulatory approvals. Net proceeds will be used to fund the capital infusion to UnionDigital, projected retail loan availments, and/or for general corporate purposes.
Date of Approval by Board of Directors
Jan 26, 2024
Entitlement Ratio
TBA
Offer Price
TBA
Number of Shares to be Offered
TBA
Ex-Rights Date
TBA
Record Date
TBA
Start of Offer Period
TBA
End of Offer Period
TBA
Use of Proceeds
Net proceeds will be used to fund the capital infusion to UnionDigital, projected retail loan availments, and/or for general corporate purposes.
Other Relevant Information
N/A
Filed on behalf by:
Name
Joselito Banaag
Designation
Senior Vice President, General Counsel and Corporate Secretary