Registration/Licensing of P250 Million Worth of Pension Plans
SEC-NTD (Notice and Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • Mar 15, 2005
Full text
March 15, 2005 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF ETERNAL PLANS, INC., registration . REGISTRATION/LICENSING OF P250 MILLION WORTH OF PENSION PLANS NOTICE AND ORDER Notice is hereby given that on February 11, 2005 and March 3, 2005, sworn registration statement and the supporting documents were filed with the Securities and Exchange Commission for on behalf of ETERNAL PLANS, INC. for the additional registration/licensing of P250 million worth of pension plans to be sold at the following gross prices based on annual installment of P10,000 maturity value per unit: PLAN TYPES Payment Term E-PENSION BASIC E-PENSION MAXIMA (Year) Minimum 1 Maximum 2 Minimum 1 Maximum 2 One P1,841 P9,464 P3,654 P31,959 Three 1,923 9,891 3,846 30,990 Five 2,045 10,515 4,060 35,510 Eight 2,496 9,896 - - Ten 2,960 9,910 - - PLAN TYPES Payment Term E-PENSION BUILDER E-PENSION PREMIUM (new plan) (Year) Minimum 1 Maximum 2 Minimum 1 Maximum 2 One P3,749 P34,223 P1,899 P9,756 Three 3,951 33,141 1,983 10,197 Five 4,165 38,025 2,110 10,840 Eight - - - - Ten - - - - Note : Details for other modes of payment are available in the actuarial feasibility study on file with SEC. Minimum number of units is 5. Based on the documents filed, the following persons appear to be its officers and directors: Name Position ARMANDO C. TRINIDAD Chairman D. ANTOINETTE C. JACINTO Treasurer DOMINGO R. ALMONINIA, JR. President & COO GABRIEL O. VIDA SVP-Audit VIRGINIA M. OANE VP-Finance Said petition and other documents attached thereto are open for inspection by interested parties during business hours, and copies thereof, photostatic or otherwise, shall be furnished to anyone upon request and after payment of the required fees. Any person may file an opposition thereto within ten (10) days from publication of the Notice. HTCAED SO ORDERED. EDSA, Mandaluyong City, Philippines. For the Director: (SGD.) MERLE JOY B. PASCUAL Assistant Director Published in The Manila Times on March 16 & 21, 2005.
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