PSE Circular for Brokers No. 830-99

April 21, 1999 PSE CIRCULAR FOR BROKERS NO. 830-99 April 20, 1999 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. April 20, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number: 5223 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. 262 Juan Luna Street, Binondo, Manila 1006 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, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Number of Shares of Common Stock Outstanding Title of Each Class and Amount of Debt Outstanding Common Shares 316,770,000 11. Indicate the item numbers reported herein: Item 9 In the annual stockholders meeting held on April 20, 1999, the Stockholders of Equitable Banking Corporation (EBC) elected the following as members of the Board of Directors of EBC for the year 1999-2000: 1. Mr. George L. Go 8. Mr. Peter Go Pailian 2. Mr. John C. B. Go 9. Mr. Ricardo C. Leong 3. Atty. Ricardo J. Romulo 10. Mr. Frank L. Go 4. Ms. Genevieve W.J. Go 11. Mr. Julius T. Limpe 5. Atty. Herminio B. Banico 12. Ms. Gloria L. Tan Climaco 6. Mr. Francisco C. Chua 13. Mr. Wilfrido V. Vergara 7. Mr. Antonio L. Go 14. Mr. Antonio Y. Tee 15. Mr. Edilberto V. Javier In the same meeting, the Stockholders also approved/ratified the declaration of 15% stock dividend (which was approved by the Board of Directors in its regular meeting last March 16, 1999) with aggregate par value of Php 475,155,000 from the unrestricted surplus accounts, the fractional shares to be paid in cash. The stock dividend shall be accommodated from the remaining unissued portion of the authorized capital stock and shall accrue to stockholders of record as of May 15,1999 and payable upon approval by the appropriate regulatory agencies. LexLib 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. EQUITABLE BANKING CORPORATION Registrant By: (SGD.) PURITA M. JEANJAQUET Corporate Secretary (SGD.) CYNTHIA Y. LIGERALDE-DE LA PAZ Assistant Corporate Secretary