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)
Feb 20, 2024
2. SEC Identification Number
A1997-9587
3. BIR Tax Identification No.
005-338-421-000
4. Exact name of issuer as specified in its charter
Citystate Savings Bank, Inc.
5. Province, country or other jurisdiction of incorporation
Makati City, Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Citystate Centre Building, 709 Shaw Blvd., Pasig City Postal Code1600
8. Issuer's telephone number, including area code
632-8470-3333
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 Shares
161,800,000
11. Indicate the item numbers reported herein
Item No. 9 only
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.
Citystate Savings Bank, Inc.CSB
PSE Disclosure Form 4-11 - Change in Number of Issued and Outstanding Shares References: Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Increase in Issued and Outstanding Shares of Citystate Savings Bank, Inc. (CSB) from 153,600,000 to 161,800,000 due to the additional subscriptions of Mr. Dominic Edgard A. Cabangon (5,500,000 shares) and Eternal Gardens Memorial Park Corporation (2,700,000 shares).
Background/Description of the Disclosure
On 28 June 2023 and on 26 July 2023, the Board of Directors of CSB approved the subscriptions of 5,500,000 shares by Mr. Dominic Edgard A. Cabangon and 2,700,000 shares by Eternal Gardens Memorial Park Corporation respectively. The subscriptions of the aforementioned stockholders from the unsubscribed portion of the authorized capital stock of CSB is in compliance with Section 121 of the BSP Manual of Regulations for Banks, particularly the Minimum Required Capitalization of P1B for a Thrift Bank with Trust License. The 8,200,000 total additional shares are duly recorded in the stock and transfer books of CSB on 30 June 2023 and 26 July 2023 respectively.
Lastly, please see below other pertinent information relative to the change in number of issued shares and outstanding shares of CSB.
A. MR. DOMINIC EDGARD A. CABANGON Date of the Transaction: 30 June 2023 Date of Issuance of Shares: 30 June 2023 Number of shares issued: 5,500,000 Issue Price per Share: PhP10.00 Aggregate transaction value: PhP55,000,000.00 Date of Payment: 30 June 2023
B. ETERNAL GARDENS MEMORIAL PARK CORPORATION Date of the Transaction: 13 July 2023 Date of Issuance of Shares: 26 July 2023 Number of shares issued: 2,700,000 Issue Price per Share: PhP10.00 Aggregate transaction value: PhP27,000,000.00 Date of Payment: 13 July 2023
Change(s) in Number of Issued and Outstanding Shares