PSE Circular for Brokers No. 1390-98

June 23, 1998 PSE CIRCULAR FOR BROKERS NO. 1390-98 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. June 19, 1998 (June 15, 1998) Date of Report (Date of earliest event reported) 2. SEC Identification Number: 42543 3. BIR Tax Identification No.: 000-196-724 4. AGP INDUSTRIAL CORPORATION Exact name of registrant as specified in its charter 5. Philippines Province, country or other jurisdiction of incorporation 6. ______ (SEC Use Only) Industry Classification Code: 7. 4th Floor, SGV I Building, 6760 Ayala Avenue, Makati City 1200 Address of principal office Postal Code 8. (632) 816-4683; 817-2360; 818-9846 Registrants telephone number, including area code 9. _________________________________________________ Former name or former address, if changed since last report 10. Securities registered pursuant to 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 17,170,348 shares subscribed and fully paid 11. Indicate the item numbers reported herein: Item 4 Please be advised that in the Annual Stockholders' Meeting of the Company held on June 15, 1998, the following were elected members of the Board of Directors for the period June 1998-1999: 1) Mariano M. Martin 2) Mario Ng 3) Victor M. Taylor 4) Rodolfo S. de Lara 5) Ermilando D. Napa 6) Geronimo M. Pedro 7) Hiram C. Mendoza Mr. Carlos A. Arellano filed his resignation from the Board effective June 3, 1998. A copy of his resignation letter is hereby attached. Atty. Geronimo M. Pedro, 54 years old, was nominated and elected in lieu of Mr. Arellano in said Stockholders' Meeting. Atty. Pedro is the Vice-President and Corporate Secretary of Trans-Philippines Investment Corporation (TPIC), a 51.03% stockholder of AGP Industrial Corporation. He is also a Director of Boardroom Gifts Corporation and Artefacts, Inc. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. AGP INDUSTRIAL CORPORATION Registrant (SGD.) HIRAM C. MENDOZA Corporate Secretary 3 June 1998 MEMORANDUM: FOR : THE BOARD OF DIRECTORS Atlantic Gulf & Pacific Company, Inc. THRU : MR. MARIANO MARTIN President Because of my recent appointment in the new government, I am hereby formalizing my resignation from the Board of AGPI effective immediately. It is still my sincerest hope that the financial crisis that the company continues to experience can be resolved at the soonest possible time. (SGD.) CARLOS A. ARELLANO