PSE Circular for Brokers No. 3143-99

December 9, 1999 PSE CIRCULAR FOR BROKERS NO. 3143-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11 CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11 (a)-1(b)(3) THEREUNDER 1. December 8,1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number 13174 3. BIR Tax Identification No. 321-000-108-278 4. LEISURE & RESORTS WORLD CORP. (formerly, Atlas Fertilizer Corp.) Exact Name of registrant as specified in its charter 5. MAKATI CITY, PHILIPPINES Province, country or other jurisdiction of incorporation 6. (SEC Use Only) 7. 2/F Pioneer House, 108 Paseo de Roxas, Legaspi Village, Makati City Address of principal office 8. (632) 812-8233/8127881 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 Common Stock, PHP1.00, par value 352,678,120 11. Indicate the item numbers reported herein: Item 4 Item 4. Resignation and Election of Registrant's Directors and Officers At a special meeting of the Board of Directors of Leisure and Resorts World Corporation (the "Corporation"), held to day, 8 December 1999, the following members of the Board of Directors: LibLex Roberto C. Benares Edeline G. Ramos Federico Cadiz Diosdado Macapagal, Jr. Manuel Tordesillas John G. de Veras Jose Salvador Y. Mirasol Antonio T. Ong Lorenzo V. Tan successively resigned from the Board and the following were successively elected to replace the resigned directors: Henry T. Sy, Jr. Paul Luis Alejandrino Alfredo Benitez Louis S. Coson llcd Jose Conrado Benitez Raul G. Gerodias Jose Salvador Rivera Epitacio Borcelis, Jr. Leopoldo Campos Likewise, Mr. Geoffrey L. Uymatiao was elected to the Board to fill in the seat left vacant by Mr. Filomeno Yaptinchay who resigned from the Board last 30 September 1999. cdlex The following officers of the Corporation, position indicated opposite their respective name, tendered their resignations: cdll Chairman Lorenzo V. Tan President Roberto C. Benares Vice-President Geoffrey L. Uymatiao Treasurer Milagros T. Blancas The following were elected as the new officers of the Corporation: Chairman and President Roberto A. Atendido Treasurer Geoffrey L. Uymatiao In the same meeting of the Board of Directors, the following were elected members of the Executive Committee: Roberto A. Atendido Henry T. Sy, Jr. Louis S. Coson Alfredo Benitez Raul Gerodias SIGNATURES 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. cdll LEISURE & RESORTS WORLD CORP. Registrant (SGD.) EDELINE G. RAMOS Corporate Secretary