PSE Circular for Brokers No. 980-98

May 8, 1998 PSE CIRCULAR FOR BROKERS NO. 980-98 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. May 6, 1998 (April 28, 1998) Date of Report (Date of earliest event reported) 2. SEC Identification Number: 42543 3. BIR Tax Identification No. 000-196-724 4. AGP INDUSTRIAL CORPORATION Exact name of registrant as specified in its charter 5. Philippines Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code: 7. 4th Floor, SGV I Building, 6760 Ayala Avenue, Makati City 1200 Address of principal office Postal Code 8. (632) 816-4683; 817-2360; 818-9846 Registrant's telephone number, including area code 9. _____________________________________________________________ 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 17,170,348 shares subscribed and fully paid 11. Indicate the item numbers reported herein: Please be notified that in a special meeting of the Board of Directors held on April 28, 1998, it was agreed upon : 1. To withhold acceptance of the resignations tendered by the following directors: 1. MR. ROBERTO G. VILLANUEVA, JR. 2. MR. FRANCISCO ORTIGAS III 3. MR. CONRADO T. CALALANG 2. To reset the annual stockholders meeting for the 1997 fiscal year from May 18, 1998 to June 15, 1998 and to fix the record date for determining the stockholders to be entitled to notice of and to vote at said meeting on 15 May 1998. cdlex 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 thereunto duly authorized. AGP INDUSTRIAL CORPORATION Registrant (SGD.) HIRAM C. MENDOZA Corporate Secretary