PSE Circular for Brokers No. 1501-99
PSE Circular for Brokers No. 1501-99 • Philippine Stock Exchange • Circulars for Brokers • Jun 25, 1999
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June 25, 1999 PSE CIRCULAR FOR BROKERS NO. 1501-99 PHILIPPINE STOCK EXCHANGE, INC . 4/F PSE Centre, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace B . De Guia Asst . Manager Disclosure Department Gentlemen : This is to inform you that the following members of the Board of Directors of Asiatrust Bank have tendered their resignation from the Board and the Board of Directors in its meeting held today, June 24, 1999, accepted their resignation effective today. CHEONG SENG LEE JOHN T . LIM Invoking the provision of Section 1, Article II of the Amended By-Laws of the Bank, the members of the Board comprising the majority, nominated MARIANITA O . MENDOZA , Nominee of the Social Security System to fill up one (1) seat in the Board and to serve as Director for the remaining term. aisadc The Social Security System, as reported by the PCD Nominee Corporation in its letter to the Bank's Transfer Agent was, as of May 24, 1999, a holder of 10,819,200 shares representing 10.40% of the Bank's 104,013,225 common shares outstanding. We hope you find everything in order. Very truly yours, (SGD.) MARCIAL S. EZEQUIEL Corporate Information Officer
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