Annual Stockholders' Meeting
PSE Circular for Brokers No. 771-98 • Philippine Stock Exchange • Circulars for Brokers • Apr 23, 1998
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April 23, 1998 PSE CIRCULAR FOR BROKERS NO. 771-98 April 22, 1998 Philippine Stock Exchange PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ma . Isabel Garcia Head, Listing and Compliance & Surveillance Department RE : Annual Stockholders' Meeting Gentlemen : Please be advised that, at the Annual Stockholders' Meeting of San Miguel Corporation (SMC) held yesterday afternoon at the Westin Philippine Plaza, the following material resolutions were confirmed, ratified and approved: 1. That, consistent with the SMC Board's business judgment for SMC to retain focus in the Asia-Pacific Region, the shares in Coca-Cola Beverages which SMC will receive as a result of Coca-Cola Amatil Ltd.'s intended spin-off of its European business into a separately-listed anchor bottler named Coca-Cola Beverages be sold at such price and under such terms as approved and ratified by the Board; and 2. That Section 5, Article 11 of the Company's By-laws be amended to increase the number of working days to close the stock transfer books from 20 days to 45 days so as to provide ample time for certain requirements of the new proxy rules to be met despite lodgment of the Company's shares with the Philippine Central Depository, Inc. (PCD) cdlex On the election of directors, the following were duly elected and proclaimed. 1. Tirso Antiporda 2. Julieta Bertuben 3. Estelito Mendoza 4. Manuel Cojuangco 5. Gabriel Villareal 6. Cesar Sarino 7. Renato Valencia 8. Francisco Eizmendi, Jr. 9. Andres Soriano III 10. Ide Tillah 11. Victor Ziga 12. Tomas Padilla 13. Eduardo Soriano 14. Oscar Hilado 15. Roberto Romulo For your information. Very truly yours, (SGD.) EMMANUEL G. JAVELOSA Assistant Corporate Secretary
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