Philippine Stock Exchange, Inc.
PSE Circular for Brokers No. 418-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 19, 1998
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March 19, 1998 PSE CIRCULAR FOR BROKERS NO. 418-98 March 18, 1998 Philippine Stock Exchange, Inc. PSE Center, Exchange Road Ortigas Center, Pasig City, MM Attention : Compliance & Surveillance Dept . Gentlemen : Please be informed that at its regular meeting today, 18 March 1998, the Board of Directors of the Bank of the Philippine Islands (BPI) approved to recommend to the Stockholders of BPI the amendment of Article "SEVENTH" of the amended Articles of Incorporation of BPI to retire/delete Preferred "B: shares. These shares were issued pursuant to the merger between BPI and BPI Investment Corporation (formerly Ayala Investment & Development Corporation) on August 1, 1985 and are non-voting, non-participating, non-convertible and redeemable. These shares do not form part of the capital structure of BPI anymore. Thank you. Very truly yours, (SGD.) CARLOS B. AQUINO VP & Corporate Secretary
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