PSE Circular for Brokers No. 2375-98

October 16, 1998 PSE CIRCULAR FOR BROKERS NO. 2375-98 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) October 15, 1998 2. SEC ID Number 808 3. BIR Tax ID No. 000-162-935V 4. ITOGON-SUYOC MINES, INC. Exact name of registrant as specified in its charter 5. MANILA, PHILIPPINES Province, country or other jurisdiction of incorporation 6. Industry classification code [ ] (SEC Use only) 7. Rm. 701 Ortigas Bldg., Ortigas Ave., Pasig City PO Box 12768 Address of principal office Postal Code 8. 02-631-27-52 Registrant's 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 No. of Shares Amount Common A 3,599,889,373 P35,998,893.73 Common B 2,400,042,337 24,000,423.37 5,999,931,710 P59,999,317.10 Treasury stock (5,115,990) (122,847.31) Net 5,994,815,720 59,876,469.79 ============= ============= Item 9 OTHER EVENTS b) Any event, with respect to which information is not otherwise called for by this form, that the registrant deems of importance to security holders. Reduction of the exercise price of the Corporation's Employees' Stock Option Plan ("Plan") to P0.01 per share, and for this purpose, to amend the Plan. ITOGON-SUYOC MINES, INC. Registrant (SGD.) JOSE ERNESTO C. VILLALUNA, JR. Vice Chairman