PSE Circular for Brokers No. 1603-98

July 13, 1998 PSE CIRCULAR FOR BROKERS NO. 1603-98 July 10, 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) 1. JULY 10, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification Number 1746 3. BIR Tax Identification No. 000-126-853 4. JARDINE DAVIES INC. Exact name of registrant as specified in its charter 5. METRO MANILA, PHILIPPINES Province, country or other jurisdiction of incorporation 6. [ ] (SEC Use Only) Industry Classification Code: 7. JARDINE DAVIES BUILDING, 222 SEN. GIL J. PUYAT AVENUE 1200 MAKATI CITY METRO MANILA Postal Code Address of principal office 8. (632) 843-60-11 Registrants telephone number, including area code 9. N/A 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 50,000,000 REGISTERED AND LICENSED 43,883,173 OUTSTANDING SHARES 11. Indicate the Item numbers reported herein: Item 9 AT THE ORGANIZATIONAL MEETING OF THE BOARD OF DIRECTORS HELD ON JULY 10, 1998. THE MAJORITY MEMBERS OF THE BOARD CONSTITUTING A QUORUM ELECTED THE FOLLOWING OFFICERS OF THE COMPANY: CHAIRMAN OF BOARD & CHIEF EXECUTIVE OFFICER MR. ALOYSIUS B. COLAYCO VICE CHAIRMAN MR. GIL E. CORTEZ SENIOR VICE PRESIDENT, SUGAR MR. TIMOTHY T. BENNETT SENIOR VICE PRESIDENT, FINANCE & TREASURY MR. DAVID C. CLYMO SENIOR VICE PRESIDENT, CORPORATE LEGAL & CORPORATE SECRETARY MS. BI YONG S. CHUNGUNCO SENIOR VICE PRESIDENT, CORPORATE MARKETING & DISTRIBUTION MR. GEOFFREY D. THOMAS ITEM 9 OTHER EVENTS A. THE BOARD OF DIRECTORS ALSO APPROVED THE AMENDMENT TO ARTICLE SIXTH OF THE ARTICLES OF INCORPORATION DECREASING THE NUMBER OF DIRECTORS FROM ELEVEN (11) TO NINE (9); AND B. THE AMENDMENT OF THE FIRST PARAGRAPH TO CLAUSE 13 OF THE BY-LAWS PROVIDING FOR THE RULES GOVERNING EXCEPTION OF DOCUMENTS WHICH READS AS FOLLOWS: CLAUSE 13 "EXCEPT AS HEREINAFTER IN THIS SECTION PROVIDED, CERTIFICATES OF STOCK OF THE CORPORATION SHALL BEAR THE SIGNATURE OF THE CHAIRMAN OR THE PRESIDENT, COUNTERSIGNED BY THE SECRETARY OR ASSISTANT SECRETARY, AND SEALED WITH THE CORPORATE SEAL . ALL DEEDS, LEASES, MORTGAGES, CONTRACTS AND OTHER INSTRUMENTS IN WRITING WHICH REQUIRE EXECUTION ON BEHALF OF THE CORPORATION SHALL BE SIGNED BY SUCH PERSONS AS PRESCRIBED BY RESOLUTION OF THE BOARD OF DIRECTORS . xxx xxx xxx" FINANCIAL INFORMATION THE TRANSACTION WILL NOT HAVE A SIGNIFICANT IMPACT ON THE FINANCIAL RESULTS OF JARDINE DAVIES INC. NOTHING FOLLOWS 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. cdlex JARDINE DAVIES INC. Registrant (SGD.) BI YONG S. CHUNGUNCO Senior Vice President