PSE Circular for Brokers No. 2135-98

September 15, 1998 PSE CIRCULAR FOR BROKERS NO. 2135-98 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) 1. September 11, 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 MAKATI CITY, METRO MANILA 1200 Address of principal office Postal Code 8. (632) 843-60-11 Registrant's telephone number, including area code 9. N/A Former name of 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 term numbers reported herein: Item 4 ITEM 4 CHANGE IN MANAGEMENT POSITIONS A.B. COLAYCO, CHAIRMAN OF JARDINE DAVIES INC., ANNOUNCED TODAY THAT DAVID C. CLYMO WILL BE APPOINTED AS PRESIDENT OF THE COMPANY WITH EFFECT FROM 1ST JANUARY 1999. IN HIS NEW POSITION, MR. CLYMO WILL BE RESPONSIBLE FOR ALL OF JARDINE DAVIES' OPERATIONS. MR. COLAYCO WILL CONTINUE AS CHAIRMAN OF JARDINE DAVIES AND TAKE A MORE ACTIVE ROLE IN THE OTHER JARDINE MATHESON GROUP COMPANIES IN THE PHILIPPINES IN HIS CAPACITY AS COUNTRY CHAIRMAN. DAVID CLYMO IS CURRENTLY SENIOR VICE PRESIDENT FOR FINANCE AND TREASURY OF JARDINE DAVIES, A POSITION HE HAS HELD SINCE NOVEMBER 1996. PRIOR TO THIS APPOINTMENT HE WAS GROUP FINANCE DIRECTOR OF JARDINE SCHINDLER BASED IN HONG KONG. MR. CLYMO IS A CHARTERED ACCOUNTANT WHO QUALIFIED WITH PRICE WATERHOUSE IN LONDON AND HAS BEEN WITH THE JARDINE MATHESON GROUP FOR SIX YEARS. cdpr ANTHONY NIGHTINGALE, CHAIRMAN OF JARDINE PACIFIC, SAID THAT OPPORTUNITIES FOR GROWTH WOULD CONTINUE TO BE EXPLORED IN THE PHILIPPINES WHICH REMAINS A LONG TERM STRATEGIC INVESTMENT AREA FOR THE JARDINE MATHESON GROUP. FINANCIAL INFORMATION The change 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. JARDINE DAVIES INC. Registrant (SGD.) BI YONG S. CHUNGUNCO Senior Vice President