PSE Circular for Brokers No. 1442-98

June 26, 1998 PSE CIRCULAR FOR BROKERS NO. 1442-98 June 19, 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. Date of Report (Date of earliest event reported): June 16, 1998 2. SEC Identification Number: PW-636 3. BIR Tax Identification Number: 030-000-263-340 4. Exact Name of Registrant as Specified in its Charter: PHILIPPINE BANK COMMUNICATIONS 5. Province, Country or Other Jurisdiction of Incorporation: Philippines 6. Industry Classification Code: 7. Address of Principal Office: 214-216 Juan Luna Street, Binondo, Manila 8. Registrant's Telephone Number, Including Area Code: (632) 242-8701 9. Former Name or Former Address, If Changes Since Last Report: n/a 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 Stock 19,721,048 Outstanding Shares ITEM NO . 4 Election of Registrant's Directors or Officers Pursuant to SEC Full Disclosure Rules, we pleased to inform you that at the 55th Annual Stockholders of the Philippine Bank of Communications held on June 16, 1998, the following Officers and Members of the Board were elected for the period of one year from June 16, 1998, and until their successors shall be duly elected and qualified, namely: Mr. Ralph Nubla Chairman Mr. Chung Tiong Tay Vice Chairman Mr. Luy Kim Guan Vice Chairman Mr. Anthony Q. Chua President Mr. Ralph Nubla, Jr. Member Mr. Nelson Chua Nai Tuen Member Mr. James Ang Member Mr. Johnny Perez Member Mr. Henry Y. Uy Member Mr. Carlos Chung Bunsit Member Mr. Leoncio Chungunco, Jr. Member Atty. Maurice C. Nubla Corporate Secretary. SIGNATURE 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. PHILIPPINE BANK OF COMMUNICATIONS Registrant By: (SGD.) MAURICE C. NUBLA SVP & Corporate Secretary