PSE Circular for Brokers No. 116-00

January 19, 2000 PSE CIRCULAR FOR BROKERS NO. 116-00 SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. 10 January 2000 Date of report (Date of earliest event reported) 2. SEC ID No. 023269 3. BIR TIN 050-000-500-232 4. Solidbank Corporation Exact name of registrant as specified in its charter 5. Metro Manila, Philippines 6. (SEC Use Only) Province, Country or other jurisdiction Industry Classification Code of incorporation or organization 7. No. 777 Paseo de Roxas, Makati City 1200 Address of principal office Postal Code 8. (632) 894-88-88 Registrant's telephone number, including area code 9. (not applicable) Former name, former address and former fiscal year, if charged since last report 10. Securities registered pursuant to Sections 4 and 8 o f the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Class A 14,026,345 P1,402,634,500.00 Common Class B 9,340,637 P934 ,063,700.00 11. Indicate the item number/s reported herein: 1 (please see attached) SIGNATURE Pursuant to the requirement of the revised Securities Act (RSA), the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SOLIDBANK CORPORATION Registrant (SGD.) RICARDO V. MARTIN FVP/Financial Controller 17 January 2000 Mrs. Aldelfa A. Villegas Chief, SERD - 3 Money Market Operations Department Securities and Exchange Commission EDSA, Mandaluyong City Dear Ms. Villegas: In connection with your requirement for an immediate notification of any material information, please be advised that last Fridays, 07 and 14 January 2000, transfers of share holdings were done through a block sale. The transfers representing a total of 11,797,972 common class A shares or 50.489% of the voting stock of the bank were done in favor of First Metro Investment Corporation, 30.00% and Metropolitan Bank and Trust Company, 20.489% (please see attached Annex "A"). We trust that the foregoing meets your requirements. Should there be anything we need to further clarify, kindly let us know. Very truly yours, (Sgd.) Ricardo V. Martin, FVP Financial Controller ANNEX A Transferred Common Class A Shares of Solid bank Corporation to Metropolitan Bank & Trust Company and First Metro Investment Corporation Seller (as of 07 January 2000): ALFRED SO LIM 302,849 ANITA KING 13,001 ANTONIO P. MADRIGAL 3,944 AQUATIC FOOD CENTER 75,858 ASIAN EQUITIES CEAC0001 30,000 BELSON SECURITIES 576,042 BUENASENSO SY 21,698 CONSUELO P. MADRIGAL 738,641 CONSUELO P. MADRIGAL/PARAPHERNAL PROPERTY 285,683 CORABELLE LIM SY 173,592 DESIREE LIM ONG 173,592 ENCARNAClON OCAMPO 45,730 FELISA S. LIM 856,062 FRANCISCO M. BAYOT 296,654 FRANCISCO ORTIGAS SEC.#681 115 FRANCISCO ORTIGAS SEC.#686 346,021 FRANCISCO ORTIGAS SEC.#687 69,632 FRANCISCO ORTIGA$ SEC.#713 5,934 FRANCISCO ORTIGAS SEC.#714 5,934 FRANCISCO ORTIGAS SEC.#715 5,939 FRANCISCO ORTIGAS SEC.#8771 300 FRANCISCO ORTIGAS SEC.#934 65,747 FRANCISCO ORTIGAS SEC.#937 410,260 FRANCISCO ORTIGAS SEC.#939 322,329 GIZELA M. GONZALEZ 16,395 JM INVESTMENTS 325,960 JORGE J.L. DE LEON 859 JOSE ABAD SANTOS FAMILY 5,414 JOSE VICENTE DE LEON 276,469 JOVITA C. SY 15,939 KATRINA NICOLETTE S. LIM 167,940 LARRGO SECURITIES 448 LEOMA TRADERS 257,499 LIM KA THONG 171,102 LUZ SUNTAY FAMILY(SONIA CRISOL) 985 MACARIA DE LEON 2,715 MACARIO S. RUFINO 612 MACMA REALTORS 236,344 MADEL REALTY 234,306 MAJOL REALTY 209,089 MANUEL COLLANTES 4,239 MARIA LUISA BAYOT 521 MARIA N. DE LEON 57 MARIA PAZ LAUREL 1,000 MARIA PAZ M. GONZALEZ 31,695 MARIXI PRIETO 18,440 MARY DE LEON RUFINO 10,932 MDR SECURITIES 110 PACITA P. MADRIGAL 1,153,487 PACITA MADRIGAL GONZALEZ 725,125 PHILIP S. LIM 275,375 RAMA REALTY 694,232 SB EQUITIES INC. 7,070 SIMON PATERNO FAMILY 278,154 SUN HUNG KAI SEC.(PHIL),INC. 90,394 SUSANA A.S. MADRIGAL 3,672 SUSANA B. ORTIGAS 296,654 SUZANNE S. LIM 173,592 VICENTE A.S. MADRIGAL 806,965 VICENTE M. BAYOT 296,652 YU AND CO. 89,366 YU AND CO. 000238 300 YU AND CO. 050272 1,763 Seller (as of 14 January 2000): PCD NOMINEE CORPORATION 90,544 Total 11,797,972 ========= Buyer (as of 14 January 2000): FIRST METRO INVESTMENT CORP. 90,544 FIRST METRO INVESTMENT CORP. 2,713,494 FIRST METRO INVESTMENT CORP. 4,206,057 METROPOLITAN BANK AND TRUST CO. 4,787,877 Total 11,797,972 ========= =