OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Nov 16, 20212. SEC Identification Number 360733. BIR Tax Identification No. 000-508-271-0004. Exact name of issuer as specified in its charter UNION BANK OF THE PHILIPPINES5. Province, country or other jurisdiction of incorporation METRO MANILA6. Industry Classification Code(SEC Use Only) 7. Address of principal office UNIONBANK PLAZA, MERALCO AVENUE CORNER ONYX STREET, ORTIGAS CENTER, PASIG CITYPostal Code16058. Issuer's telephone number, including area code (02) 8667-63889. 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 | 1,219,362,818 |
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Union Bank of the PhilippinesUBP PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) andSection 4.4 of the Revised Disclosure Rules
Subject of the Disclosure |
Approval by the Securities and Exchange Commission of the Amendments to Articles of Incorporation and Increase of Authorized Capital Stock |
Background/Description of the Disclosure |
Please be informed that the Securities and Exchange Commission has approved on November 15, 2021, the amendments to the Articles of Incorporation of Union Bank of the Philippines increasing its authorized capital stock from Php23,114,224,200.00 to Php35,307,852,380.00. |
Date of Approval by Board of Directors | Jun 25, 2021 |
Date of Approval by Stockholders | Aug 11, 2021 |
Other Relevant Regulatory Agency, if applicable | Bangko Sentral ng Pilipinas |
Date of Approval by Relevant Regulatory Agency, if applicable | Oct 14, 2021 |
Date of Approval by Securities and Exchange Commission | Nov 15, 2021 |
Date of Receipt of SEC approval | Nov 16, 2021 |
Article No. | From | To |
Article 7 | 7. The authorized capital stock of the corporation shall be TWENTY THREE BILLION ONE HUNDRED FOURTEEN MILLION TWO HUNDRED TWENTY FOUR THOUSAND TWO HUNDRED PESOS (Php 23,114,224,200.00). Said capital stock is divided into ONE BILLION THREE HUNDRED ELEVEN MILLION FOUR HUNDRED TWENTY TWO THOUSAND FOUR HUNDRED TWENTY common shares (1,311,422,420) at par value of TEN PESOS (Php 10.00) each and ONE HUNDRED MILLION preferred shares (100,000,000) at par value of ONE HUNDRED PESOS (Php 100.00) each. xxx | 7. The authorized capital stock of the corporation shall be THIRTY-FIVE BILLION THREE HUNDRED SEVEN MILLION EIGHT HUNDRED FIFTY-TWO THOUSAND THREE HUNDRED EIGHTY PESOS (Php 35,307,852,380.00). Said capital stock is divided into TWO BILLION FIVE HUNDRED THIRTY MILLION SEVEN HUNDRED EIGHTY-FIVE THOUSAND TWO HUNDRED THIRTY-EIGHT common shares (2,530,785,238) at par value of TEN PESOS (Php 10.00) each, and ONE HUNDRED MILLION preferred shares (100,000,000) at par value of ONE HUNDRED PESOS (Php 100.00) each. (As amended on August 11, 2021) xxx |
Rationale for the amendment(s) |
To support growth given outlook on economic recovery. |
Expected date of filing the amendments to the Articles of Incorporation with the SEC | Oct 25, 2021 |
Expected date of SEC approval of the Amended Articles of Incorporation | Dec 3, 2021 |
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any |
Increase in authorized capital stock of the Bank from Php23,114,224,200.00 to Php35,307,852,380.00. |
Other Relevant Information |
The disclosure is being amended to reflect the date of approval by the Securities and Exchange Commission, and date of receipt of SEC approval. |
Name | Joselito Banaag |
Designation | Senior Vice President/Head of Legal and Corporate Secretary |
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Union Bank of the Philippines Inc. published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 23:36:07 UTC.