PSE Circular for Brokers No. 2921-99

November 16, 1999 PSE CIRCULAR FOR BROKERS NO. 2921-99 SEC FORM 11-C CURRENT REPORT 1. Date of Report : November 11, 1999 2. SEC Identification number : 108467 3. BIR Tax Identification No. : 040-000-390-189V 4. Exact name of registrant as specified in its charter: PHILIPPINE SEVEN CORPORATION 5. Country of incorporation : PHILIPPINES 6. Industry Classification Code : (PSE Use Only) 7. Address of registrant's principal office : 7th Floor, The Columbia Tower Ortigas Avenue, Mandaluyong City 1501 8. Telephone number : (632) 724-44-41 9. Fiscal Year : December 31 10. Securities registered pursuant to Section 4 and B of the RSA No. of Shares of Common Stock Shares Outstanding - Common 206,089,500 Units - Warrants 122,882 11. Indicate the item numbers reported herein Item 4. Resignation of Directors and Officers Item 4. Resignation of director and Officer 1. This is to report the resignation of Mr. Jacob U. Tagorda, Jr. as Director of Philippine Seven Corporation effective October 05, 1999. During its meeting of November 10, 1999 at which a quorum was in attendance, the Corporation's Board of Directors elected Mr. Jose P. Magsaysay, Jr. as the new director to fill the vacancy which resulted from Mr. Tagorda's resignation. 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 duly authorized for the purpose. PHILIPPINES SEVEN CORPORATION By: (SGD.) AUGUSTO JOSE Y. ARREZA Corporate Secretary