PSE Circular for Brokers No. 1434-98

June 26, 1998 PSE CIRCULAR FOR BROKERS NO. 1434-98 June 24, 1998 SECURITIES AND EXCHANGE COMMISSION 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. 24 June 1998 Date of Report (Date of earliest event reported) 2. SEC Identification Number 43370 3. BIR Tax Identification No. 000-829-097 4. F & J PRINCE HOLDINGS 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, Ortigas Building, Ortigas Avenue, Pasig City 1600 Address of principal office Postal Code 8. (632) 634-8921 to 26 Registrant's telephone number, including area code 9. ULTRANA ENERGY & RESOURCES CORPORATION Room 206-L Pako Building, Pedro Gil corner Gen. Luna & Dart Streets, Paco, Manila 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 Class "A" Common 233,509,113 Class "B" Common 151,317,070 11. Indicate the item numbers reported herein: 4 & 9 (1) Election of Directors and Officers (Item 4) During the annual meeting of the stockholders of the Corporation held on 24 June 1998, at which meeting a quorum was present and acting throughout, the following persons were elected, by unanimous affirmative vote of the stockholders owning at least a majority, as the new members of the Board of Directors of the Corporation, to wit: AMPARO V. BARCELON EMETRIO L. BARCELON, S.J. JOHNSON U. CO HOMER U. COKENG, JR. FRANCISCO Y. COKENG, JR. ROBERT Y. COKENG BETTY C. DY ROMAN G. PACIA, JR. JOHNSON TAN GUI YEE RUFINO B. TIANGCO ROBERT Y. YNSON Thereafter, at the Organizational Meeting of the newly-elected directors, held immediately after the annual stockholders meeting, at which meeting a quorum was present and acting throughout, the following persons were elected to the positions indicated opposite their respective names: AMPARO V. BARCELON Chairman of the Board ROBERT Y. COKENG President EMETRIO L. BARCELON, S.J. Senior Vice-President JOHNSON U. CO Treasurer AMALIA M. ESGUERRA Asst. Treasurer ROMAN G. PACIA, JR. Corporate Secretary (2) Other Events (Item 9) 1. Holding of Annual Stockholders Meeting The annual stockholders meeting of the Corporation was held as scheduled on 24 June 1998 at the Ilang-ilang Hall, Club Filipino, Greenhills, San Juan, Metro Manila. During said meeting, where the stockholders owning at least a majority of the outstanding capital stock of the Corporation were present and/or represented, the following matters were approved by unanimous affirmative vote: LibLex (a) the Minutes of the Annual Meeting of the Stockholders held on 29 July 1997; (b) ratification of the corporate actions approved and adopted by the Board of Directors; (c) the Audited Financial Statements as of 31 December 1997; and (d) re-appointment of Sycip Gorres Velayo & Co. as external auditor of the Corporation. 2. Holding of Organizational Meeting of the Board of Directors Immediately after the stockholders meetings the newly-elected directors held their or organizational meeting. 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 hereunto duly authorized. F & J PRINCE HOLDINGS CORPORATION Registrant (SGD.) ROBERT Y. COKENG President