Equitable Banking Corporation
PSE Circular for Brokers No. 1414-99 • Philippine Stock Exchange • Circulars for Brokers • Jun 16, 1999
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June 16, 1999 PSE CIRCULAR FOR BROKERS NO. 1414-99 SUBJECT : Equitable Banking Corporation Equitable Banking Corporation ("EBC") informed the Exchange, through SEC Form 11-C, that its Board of Directors, in a meeting held on June 15, 1999, approved the following: 1. Amendment of Article Seventh of the Amended Articles of Incorporation for the purpose of: (a) increasing the authorized capital stock from Five Billion Pesos (P5,000,000,000.00), divided into Five Hundred Million (500,000,000) shares with par value of Ten Pesos (P10.00) per share, to Ten Billion Pesos (P10,000,000,000.00), divided into One Billion (1,000,000,000) shares with a par value of Ten Pesos (P10.00) per share; and (b) removing the pre-emptive right of stockholders to subscribe to or acquire shares or any security issued or sold by the corporation, revoking thereby all previous resolutions on the same subject matter earlier passed by the Board. 2. The Plan of Merger between EBC and Philippine Commercial International Bank ("PCI"), a copy of which is available for reference at the PSE-Library and PSE-Plaza Administration Office. cdlex For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO
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