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)
Apr 8, 2024
2. SEC Identification Number
31168
3. BIR Tax Identification No.
002-724-446-000
4. Exact name of issuer as specified in its charter
A BROWN COMPANY, INC.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Xavier Estates Uptown, Airport Road, Balulang, Cagayan de Oro CityPostal Code9000
8. Issuer's telephone number, including area code
Liaison Office - (02) 8631-8890 / (02) 8633-3135
9. Former name or former address, if changed since last report
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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 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
11. Indicate the item numbers reported herein
Item No. 9
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.
A Brown Company, Inc.BRN
PSE Disclosure Form 6-1 - Declaration of Cash Dividends References: SRC Rule 17 (SEC Form 17-C) and Sections 6 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
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:
Series B: 8.25% x Php 100.00 x 90/360 = Php 2.0625 per share Series C: 8.75% x Php 100.00 x 90/360 = Php 2.1875 per share
The Board likewise approved the following schedule of the record and payment/distribution dates of the quarterly cash dividends for the “Series B” and “Series C” Preferred Shares in the three quarters of 2024 and 1st Quarter of 2025:
Record Date Payment Date Second Quarter- 2024 03 May 2024 23 May 2024 Third Quarter- 2024 01 August 2024 23 August 2024 Fourth Quarter- 2024 05 November 2024 25 November 2024 First Quarter - 2025 10 February 2025 24 February 2025
Considering that 23 November 2024 (Saturday) and 23 February 2025 (Sunday) are not Banking Days, dividends will be paid on the next succeeding Banking Day which is 25 November 2024 and 24 February 2025, respectively, without adjustment on the amount of dividends to be paid.
The cash dividend will be paid out of the Corporation’s unrestricted retained earnings as of 31 December 2023.
Type of Securities
Common
PreferredBRNPC Series C
Others-
Cash Dividend
Date of Approval by Board of Directors
Apr 8, 2024
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
Nov 5, 2024
Payment Date
Nov 25, 2024
Source of Dividend Payment
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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Filed on behalf by:
Name
Allan Ace Magdaluyo
Designation
Senior Finance Manager/Corporate Information Officer/Compliance Officer