PSE Circular for Brokers No. 711-98

April 20, 1998 PSE CIRCULAR FOR BROKERS NO. 711-98 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. Date of Report (date of earliest event reported) 17 April 1998 2. SEC Identification Number The SEC Registration No. of the Registrant is 937 3. BIR Tax Identification Number The BIR Tax Identification No. of the Registrant is TIN 000-391-438 4. Exact Name of Registrant as specified in its charter EEI CORPORATION 5. Province, Country or other Jurisdiction of Incorporation Manila, Philippines 6. Industry Classification Code ____ (SEC Use Only) 7. Address of Principal Office 188 E. Rodriguez Jr. Avenue, Bagumbayan, Quezon City 8. Registrant's Telephone Number, including Area Code 635-0851 up to 56 9. Former Name or Former Address, if changed since last report The Registrant has not changed its address since its last report to this Honorable Commission 10. Securities registered pursuant to Sections 4 and 8 of the RSA No. of Shares Title of No. of Shares Amount of Registered Each Class Outstanding Debt Outstanding 2 Billion Common 11. Indicate the Item Numbers reported herein: Item No. 9 The Board of Directors in its meeting held today has approved the proposal to undertake Stock Rights offering. Shareholders shall be entitled to one (1) share for every share held. The proceeds of the Stock Rights offering will be used to retire portion of Company's loan obligation and fund capital expenditures in 1998 and 1999. Pursuant to the requirements of the Revised Securities Act, the Registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EEI CORPORATION By: (SGD.) FERDINAND G. VILLAFUERTE Corporate Secretary