Matters discussed at the Special of the Board of Directors of Liberty Telecoms Holdings, Inc.
PSE Circular for Brokers No. 1009-99 • Philippine Stock Exchange • Circulars for Brokers • May 7, 1999
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May 7, 1999 PSE CIRCULAR FOR BROKERS NO. 1009-99 May 6, 1999 PHILIPPINE STOCK EXCHANGE, INC . PSE Center, Pasig City Metro Manila Attention: Ms . Grace B . De Guia Asst . Manager, Disclosure Group SUBJECT : Matters discussed at the Special of the Board of Directors of Liberty Telecoms Holdings, Inc. Gentlemen : In compliance with the reportorial requirements of the Philippine Stock Exchange Inc., please be advised that at the Special Meeting of the Board of Directors of Liberty Telecoms Holdings, Inc. (the "Corporation") held on May 6, 1999, at which meeting a quorum was present and acting throughout the following were approved: 1. Minutes of the Organizational Meeting held on 28 August 1998; 2. Postponement of the Annual Stockholders' Meeting from May 25, 1999 to August 20, 1999; 3. Establishment of a subsidiary for LBNI; 4. Other matters: a. Hiring of the services of a lawyer for its potential business in Clark and/or SBMA; b. Merging of the three (3) subsidiaries, namely, Tanya Development Corporation, Radionet, Inc. and Liberty Broadcasting Network, Inc. with Liberty Broadcasting Network, Inc. as the surviving company. We trust you find the foregoing in order. Very truly yours, LIBERTY TELECOMS HOLDINGS, INC. By: (SGD.) EDGAR B. FRANCISCO Corporate Secretary
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