PSE Circular for Brokers No. 2339-98

October 12, 1998 PSE CIRCULAR FOR BROKERS NO. 2339-98 SECURITIES AND EXCHANGE COMMISSION SEC FORM 34-C INFORMATION STATEMENT Statement Pursuant to Section 34(C) of the Revised Securities Act THIS IS NOT A PROXY SOLICITATION STATEMENT. IN COMPLIANCE WITH THE RULES OF THE SEC, YOU ARE INFORMED THAT THE REGISTRANT IS NOT ASKING YOU FOR A PROXY AND YOU ARE NOT REQUESTED TO SEND A PROXY. 1. Check the appropriate box: [x] Preliminary Information Statement [ ] Definitive Information Statement 2. Name of Registrant as specified in its charter: ASIATRUST DEVELOPMENT BANK, INC. (FORMERLY, QUEZON CITY DEVELOPMENT BANK) 3. Country of Incorporation: Philippines 4. SEC Identification Number: 17596 5. BIR Tax Identification Code: 039-000-910-715 6. Address of Principal Office: 1424 Quezon Avenue, Quezon City, Metro Manila Post Code 1103 7. Registrant Telephone Number, including Area Code: (632) 373-4101 to 20 8. Date, Time, Place of Stockholder's Meeting: 19 November 1998 2:00 P.M. Skytop, Hotel Intercontinental Manila Makati City 9. Approximate date on which Information Statement is first to be sent or given to security holders: 20 October 1998 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of each Class: Common Number of shares of Common Stock Outstanding: 104,013,225 Amount of Debt/Liabilities Outstanding: P7,350,953,306.00 Common Shares: Issued: P1,040,132,250.00 Subscribed: P1,040,132,250.00 11. Are any and all registrant's securities listed on the Philippine Stock Exchange? Yes, all shares. INFORMATION REQUIRED IN INFORMATION STATEMENT Information required by Items of SEC Form 34-A pursuant to SEC Rule 34 (a)-1. (a) The annual meeting of the stockholders of ASIATRUST DEVELOPMENT BANK, INC . is scheduled to be held on 19 November 1998 at 2 : 00 P . M . at the Skytop, Hotel Intercontinental Manila, Makati City . The complete mailing address of the principal office of the registrant is No . 1424 Quezon Avenue, Quezon City . (b) The number of shares outstanding and entitled to vote in the stockholder's meeting is 104,013,225 shares. The record date for purposes of determining stockholders entitled to vote is 21 September 1998. Stockholders are entitled to cumulative voting in the election of directors, as provided by the Corporation Code. Security ownership of management. ( Please See Attached ) (c) Registrant is not aware of any legal proceedings of the nature required to be disclosed under Part II paragraphs (c) of RSA Rule 3-3 with respect to the Corporation, its directors, and executive officers. (d) The compensation of directors and executive officers are indicated in Form 11-A filed with the SEC. cdt (e) The Accounting Firm of Sycip, Gorres, Velayo & Co . is being recommended to security holders for election, approval or ratification for the current year. Representatives of the said Firm are expected to be present at the security holder's meeting, and they will have the opportunity to make a statement if they desire to do so and are expected to be available to respond to appropriated questions. (f) The agenda for the stockholders meeting does not include any of the items involving the issuance and exchange of securities of a nature required to be disclosed under Part IV of SEC Form 34 (a). (g) No action is to be taken with respect to any report of the registrant or its directors, officers or committees or any minutes of a meeting of its security holders' except for the ratification of the minutes of the Stockholders Meeting held last 1 October 1997 and all management acts during the fiscal year.