Registration/Licensing of Additional Securities Covering P150 Million Worth of Fixed Value Education Plans
SEC-NTD (Notice and Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • Feb 19, 2007
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February 19, 2007 NON-TRADITIONAL SECURITIES AND INSTRUMENT DEPARTMENT IN THE MATTER OF MANULIFE FINANCIAL PLANS, INC., registrant (1) REGISTRATION/LICENSING OF ADDITIONAL SECURITIES COVERING P150 MILLION WORTH OF FIXED VALUE EDUCATION PLANS; (2) REGISTRATION/LICENSING OF ADDITIONAL SECURITIES COVERING P1.4 BILLION WORTH OF PENSION PLAN; (3) TRANSFER OF UNSOLD SECURITIES OF THE NON PARTICIPATING EDUCATION PLAN TO THE PARTICIPATING EDUCATION PLAN NOTICE AND ORDER Notice is hereby given that on February 1, 2007 sworn registration statements were filed with the Securities and Exchange Commission for and on behalf of MANULIFE FINANCIAL PLANS, INC. for the following applications: (1) Registration/Licensing of Additional Securities Covering P150 Million Worth of Education Plans (PARTICIPATING Education Plan) and (2) Registration/Licensing of Additional Securities Covering P1.4 Billion Worth of Pension Plans, Likewise, a Petition to Transfer the Unsold Securities of NON-PARTICIPATING Education Plan to the PARTICIPATING Education Plan was filed with the Commission. These plans with maturity value of P1,000.00 per unit will be sold at the following gross contract prices based on annual installments. A. Participating Education Plan 1. Basic Education Benefit Payment Term Individual Corporate I Corporate II (Year) Minimum 1/ Maximum 2/ Minimum 1/ Maximum 2/ Minimum 1/ Maximum 2/ Five P285.55 P975.00 P219.20 P812.95 P175.05 P652.00 Ten 316.60 695.90 272.10 614.90 229.30 520.70 Fifteen 391.95 611.70 346.80 541.65 292.35 459.70 1) Based on 22 years to mature. 2) Based on 7, 12 and 17 years, to mature for 5, 10 and 15 years to pay, respectively. 2. Basic Education Benefit with Return of Payment (ROP) Payment Term Individual Corporate I Corporate II (Year) Minimum 1 Maximum 2 Minimum 1 Maximum 2 Minimum 1 Maximum 2 Five P242.20 P866.35 P206.90 P761.10 P166.45 P633.00 Ten 237.60 584.40 216.70 535.40 184.70 459.70 Fifteen 250.95 417.30 228.75 381.00 195.00 325.50 B. Participating Pension Plan 1. Basic Pension Benefit Payment Term Individual Corporate I Corporate II (Year) Minimum 1 Maximum 2 Minimum 1 Maximum 2 Minimum 1 Maximum 2 Five P154.95 P975.00 P130.00 P812.95 P103.20 P652.05 Ten 204.10 695.90 180.70 614.90 151.30 520.70 Fifteen 260.25 611.70 230.40 541.65 192.90 457.20 2. Basic Pension Benefit with Return of Payment (ROP) Payment Term Individual Corporate I Corporate II (Year) Minimum 1 Maximum 2 Minimum 1 Maximum 2 Minimum 1 Maximum 2 Five P116.55 P866.35 P99.35 P761.10 P79.55 P633.00 Ten 118.70 584.40 108.20 535.40 92.10 459.70 Fifteen 134.55 417.30 122.40 381.00 104.10 325.50 Based on the documents filed, the following persons appear to be its officers and directors: Name Position VICTOR STANLEY APPS Chairman EDWARD LAU Vice Chairman CINDY FORBES Director PHILIP HAMPDEN-SMITH Director CARL STEVEN GUSTINI President/Chief Executive Officer DAVID BANKS Senior Vice President/Chief Financial Officer RENATO A. VERGEL DE DIOS Director MA. GABRIELA CONCEPCION Independent Director JANETTE L. PENA Independent Director MACARIA TRINIDAD F. GASPAR Treasurer ROSANNO P. NISCHE Corporate Secretary Said applications and other documents attached thereto are open for inspection by interested parties during office hours, and photocopies thereof shall be provided upon written request and after payment of the required fees. HScAEC Any person may file an opposition thereto within ten (10) days from date of last publication of this Notice and Order. Let this Notice and Order be published at the expense of the corporation, in, two (2) newspapers of general circulation in the Philippines once a week for two (2) consecutive weeks. SO ORDERED. EDSA, Mandaluyong City, Philippines. February 19, 2007. (SGD.) JOSE P. AQUINO Acting Director Published in The Manila Times on February 20 & 27, 2007 .
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