PSE Circular for Brokers No. 646-99

March 31, 1999 PSE CIRCULAR FOR BROKERS NO. 646-99 SECURITIES & 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) 1. MARCH 30, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number 1746 3. BIR Tax Identification No. 000-126-853 4. JARDINE DAVIES INC. Exact name of registrant as specified in its charter 5. MANILA, PHILIPPINES 6. [ ] (SEC Use Only) 7. JARDINE DAVIES BUILDING, 222 SEN. GIL J. PUYAT AVENUE MAKATI CITY, METRO MANILA 1200 Address of principal office Postal Code 8. (632) 843-60-11 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 SHARES 50,000,000 REGISTERED AND LICENSED 43,883,173 OUTSTANDING SHARES 11. Indicate the item numbers reported herein: ITEM NO. 9 ITEM 9. OTHER EVENTS In compliance with your disclosure requirement, please be informed that Mr. Neville B. Venter has resigned as Director of the Company to take effect on April 1, 1999. At the special meeting of the Board of Directors held today, the majority members of the Board still constituting a quorum elected Mr. James Riley as the replacement of Mr. Venter to take effect on April 1, 1999 to serve for the unexpired term or until the election and qualification of his successor. FINANCIAL INFORMATION The transaction will not have a significant impact on the financial results of Jardine Davies Inc. NOTHING FOLLOWS Pursuant to the requirements of the Revised Securities Act, the registrant has duly cause this report to be signed on its behalf by the undersigned hereunto duly authorized. JARDINE DAVIES INC. Registrant (SGD.) BI YONG S. CHUNGUNCO Corporate Secretary