PSE Circular for Brokers No. 511-99

March 17, 1999 PSE CIRCULAR FOR BROKERS NO. 511-99 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. March 16, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification Number 6223 3. BIR Tax Identification No.: 230-000-453-086 4. EQUITABLE BANKING CORPORATION (EBC) Exact name of registrant as specified in its charter 5. Metro Manila Province, country or other jurisdiction of Incorporation 6. [ ] (SEC Use Only) Industry Classification Code; 7. 2 62 Juan Luna Street, Binondo, Manila address of principal office Postal Code 8. (632) 242-7101 Registrant's telephone number, including area code 9. Not Applicable Former name or former address, it changed since last report 10. Securities registered pursuant to Sections 4 and 8 of RSA Number of Shares of Common Stock Outstanding and Title of Each Class Amount of Debt, Outstanding Common Shares 316,770,000 11. Indicate the item numbers reported herein: Item 9 In its regular meeting on March 16, 1999, the Board of Directors of EBC approved the declaration of a 15% stock dividend amounting to 47,515,500 shares with a par value of P475,155,000.00 from the unrestricted surplus accounts. The proposed stock dividend shall be accordingly accommodated from the remaining unissued portion of the unauthorized capital stock and shall accrue to the shareholders of record as of 15 May 1999, payable upon approval by the appropriate government agencies. LLphil 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. STOCK DIVIDEND STOCK 15% EX-STOCK MAY 11, 1999 RECORD DATE MAY 15, 1999 EQUITABLE BANKING CORPORATION Registrant By: (SGD.) PURITA M. JEANJAQUET Corporate Secretary (SGD.) CYNTHIA Y. LIGERALDE-DE LA PAZ Assistant Corporate Secretary