PSE Circular for Brokers No. 935-99

April 30, 1999 PSE CIRCULAR FOR BROKERS NO. 935-99 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. Date of Report: April 29, 1999 2. SEC Identification Number: 11840 3. BIR Tax Identification No. 430-000-100-341 4. Name of registrant as specified in its charter: PURE FOODS CORPORATION 5. Province, country or other jurisdiction of incorporation: PHILIPPINES 6. Industry Classification Code (SEC Use Only): 7. Address of Principal Office: JMT Corporate Condominium, ADB Ave., Ortigas Center, Pasig City, Metro Manila 8. Registrant's telephone number, including area code: (632) 644-1010 9. Securities registered pursuant to Secs. 4 and 8 of the RSA: a. Authorized Capital Stock P840,000,000.00 Title of Each Class (P10.00 par value) AUTHORIZED CAPITAL STOCK COMMON "A" per share 50,628,000 COMMON "B" 33,372,000 _______________ 84,000,000 b. No. of Shares Outstanding as of 31 Dec., 1997 COMMON "A" 38,132,713 COMMON "B" 22,573,827 ______________ 60,706,540 c. Amount of Debt Outstanding as of Dec. 31, 1998: P3,568,000,000.00 (Total Current Liabilities) 10. Item Numbers reported herein: 4 (a) & (e) Election of Directors & Officers In the Stockholders meeting of the registrant held on April 29, 1999 at its principal offices, the following Directors were elected to the Board: LLpr Jaime Zobel de Ayala Jaime Augusto Zobel de Ayala II Fernando Zobel de Ayala Ariston Estrada, Jr. Renato R. Montemayor Carlos G. Dominguez Delfin L. Lazaro Antonio C. Laurel Francisco Jose R. Elizalde Ronald W. Fielding, a former director and nominee of Hormel Foods Corporation was not re-elect by virtue of the divestment of Hormel Foods Corporation of its equity in Pure Foods Corporation. He was replaced by Francisco Jose R. Elizalde. The following officers of the Corporation were likewise elected and/or appointed, to wit: Jaime Zobel de Ayala Chairman of the Board and Executive Committee. Jaime Augusto Zobel de Ayala, II Vice-Chairman of the Board and Executive Committee. Fernando Zobel de Ayala member of the Excom. Renato R. Montemayor member of the ExCom. Ma. Rosa L. Santos Vice President and Treasurer Atty. Renato 0. Marzan Corporate Secretary Atty. David R. Hilario Vice President and Asst. Corp. Secretary 9(b) Declaration of Cash Dividend The Board of Directors, in its meeting held on April 29, 1999 at the Principal Offices of the registrant, approved the declaration of Cash Dividend of P3.51 per share to all stockholders of record as of 21 May 1999 and payable on or before 30 June 1999 . 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. CASH DIVIDEND CASH P3.51 PER SHARE EX-CASH MAY 17, 1999 RECORD DATE MAY 21 , 1999 DATE PAYABLE ON OR BEFORE JUNE 30, 1999 PURE FOODS CORPORATION (SGD.) Atty. DAVID R. HILARIO Vice President & Asst . Corp . Secretary