Leisure & Resorts World : Amendments to Articles of Incorporation
June 08, 2022 at 01:02 am
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SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported) Jun 7, 20222. SEC Identification Number 131743. BIR Tax Identification No. 000-108-278-0004. Exact name of issuer as specified in its charter LEISURE & RESORTS WORLD CORPORATION5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 26/F West Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig CityPostal Code16058. Issuer's telephone number, including area code (632) 8634-50999. Former name or former address, if changed since last report N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
2,444,106,666
Preferred
0
11. Indicate the item numbers reported herein 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Leisure & Resorts World CorporationLR
PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Board approval for the Amendment of Articles of Incorporation
Background/Description of the Disclosure
On 22 November 2021, the Board of Directors approved the Amendment of the Articles of Incorporation for the reclassification of One (1) Billion Preferred Shares to Common Shares. In a Special Shareholders Meeting on January 7, 2022 at 2pm, via zoom teleconference, the stockholders ratified the Amendment of the Articles of Incorporation.
On 26 May 2022, the Securities and Exchange Commission issued the Certificate of Amended Articles of Incorporation, which the Company received today, 7 June 2022.
Date of Approval by
Board of Directors
Nov 22, 2021
Date of Approval by Stockholders
Jan 7, 2022
Other Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
May 26, 2022
Date of Receipt of SEC approval
Jun 7, 2022
Amendment(s)
Article No.
From
To
Seventh
SEVENTH: That the capital stock of the Corporation is Five Billion Pesos (P5,000,000,000.00) and said capital stock is divided into Four Billion (4,000,000,000) shares of Common Stock of the par value of One Peso (P1.00) each and One Billion (1,000,000,000) shares of Preferred Stock with par value of One Peso (P1.00) per share.
SEVENTH: That the capital stock of the Corporation is Five Billion Pesos (P5,000,000,000.00) and said capital stock is divided into Five Billion (5,000,000,000) common shares of stock with a par value of One Peso (P1.00) each.
Rationale for the amendment(s)
To raise funds to address the capital and operational requirements of the Company.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC
Mar 1, 2022
Expected date of SEC approval of the Amended Articles of Incorporation
Jun 7, 2022
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
To raise funds to address the capital and operational requirements of the Company.
Other Relevant Information
On July 30, 2021, the Shareholders approved the Amendment of the Articles of Incorporation on the reclassification of One Billion Five Hundred Million (1,500,000,000) Preferred Shares to Common Shares, wherein, the total amount of Authorized Capital Stock after the reclassification of shares will be Four Billion (4,000,000,000) Common Shares and One Billion (1,000,000,000) Preferred Shares.
This report is amended to reflect the approval of the amendment of the articles of incorporation by the Securities and Exchange Commission.
Filed on behalf by:
Name
Carol Padilla
Designation
Corporate Secretary
Attachments
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Disclaimer
Leisure and Resorts World Corporation published this content on 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 00:01:01 UTC.
DigiPlus Interactive Corp. is a Philippines-based holding company. The Company is primarily engaged in purchasing, acquiring, owning, using, improving, constructing , developing, maintaining, subdividing, selling, disposing of, exchanging, leasing and holding for investment, or otherwise deal with real estate and personal property of all kinds, including the management and operation of the activities conducted therein pertaining to general amusement and recreation enterprises, such as resorts, golf courses, clubhouses and sport facilities, hotels and gaming facilities, including bingo parlors with all the apparatus, equipment and other appurtenances. It operates through four segments, namely Retail, Network and license, Casino, and Property. The Company's subsidiaries consists of Prime Investment Korea, Inc., Blue Chip Gaming and Leisure Corporation, First Cagayan Leisure and Resort Corporation, Gold Coast Leisure World Corporation, and LR Land Developers, Inc.