PSE Circular for Brokers No. 1695-98

July 22, 1998 PSE CIRCULAR FOR BROKERS NO. 1695-98 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) July 14, 1998 2. SEC Identification Number 15923 3. BIR Tax Identification Number 000-746-558 4. Name of Registrant MANILA BULLETIN PUBLISHING CORPORATION 5. Province, country or other jurisdiction of incorporation or organization Philippines 6. Industry Classification Code (to be provided by SEC) 7. Address of principal office Manila Bulletin Building, Muralla corner Recoletos Streets, Intramuros, Manila 8. Registrant's telephone number 527-8121 9. Former name, former address, if changed since last report no change 10. Securities registered pursuant to Sections 4 and 8 of the RSA Class Title Number of Shares Outstanding Common Stock 762,701,400 shares 11. Item number reported herein Item 9-2 Item 9. Other Events . 2. Other relevant information During the annual stockholders' meeting held last July 14, 1998 at Philippine Columbian Association more than 2/3 of the shareholders entitled to vote ratified and approved the following: a. Increase in authorized capital stock of the Corporation by P900 million from P2.5 billion to P3.4 billion, divided into 3.4 billion shares at par value of P1.00 each. b. That out of the increase of P900 million 25.33% thereof or 227,973,950 shares worth P227,973,950 shall be subscribed and fully paid by way of stock dividend worth 227,973,950 shares which is equivalent to 29.89% per share on the outstanding shares of capital stock of 762,701,400, net of Treasury shares. cdlex That in relation to said increase of capital stock and as full payment of the 25.33% subscription to said increase of P900 million, a stock dividend of 227,973,950 shares based on the subscribed and outstanding shares of the capital stock of the Corporation on the date of the meeting of the Board of Directors be, as the same is hereby declared, payable to all stockholders on the record date that shall be fixed by the Securities and Exchange Commission, utilizing for this purpose P227,973,950 out of the accumulated unrestricted surplus profits of the Corporation as of June 30, 1998. 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. MANILA BULLETIN PUBLISHING CORPORATION Registrant (SGD.) PACIENCIA M. PINEDA Executive Vice-Pres./Treasurer