C02015-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Stock | 2,372,367,911 shares | |
Preferred Stock – Series A | 13,264,900 shares | |
Preferred Stock – Series B | 7,431,750 shares | |
Preferred Stock – Series C | 6,941,000 shares |
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.
Subject of the Disclosure |
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Declaration of Cash Dividends on “Series C” Preferred Shares |
Background/Description of the Disclosure |
As previously disclosed, the terms of the issuance of the “Series B” and “Series C” Preferred Shares provide a yearly cash dividend at the rate of 8.25% and 8.75%, respectively of the Offer Price of Php100.00 per share, payable quarterly in arrears, on May 23, August 23, November 23 and February 23 of each year. Consistent with this, the Board approved the declaration of cash dividend for the four quarters of the year in the amount of Php 2.0625 per “Series B” Preferred Share and Php 2.1875 per “Series C” Preferred Share, computed as follows: |
Type of Securities
Date of Approval by Board of Directors | Apr 8, 2024 |
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Other Relevant Regulatory Agency, if applicable | N/A |
Date of Approval by Relevant Regulatory Agency, if applicable | N/A |
Type (Regular or Special) | Regular |
Amount of Cash Dividend Per Share | Php 2.1875 per share |
Record Date | Feb 10, 2025 |
Payment Date | Feb 24, 2025 |
Source of Dividend Payment |
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The cash dividend will be paid out of the Corporation’s unrestricted retained earnings as of 31 December 2023. |
Other Relevant Information |
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Name | Allan Ace Magdaluyo |
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Designation | Senior Finance Manager/Corporate Information Officer/Compliance Officer |