OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Jul 21, 20222. SEC Identification Number ASO96-0055553. BIR Tax Identification No. 000-188-209-0004. Exact name of issuer as specified in its charter Philippine National Bank5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office PNB Financial Center, Pres. Diosdado Macapagal Blvd., Pasay City, Metro ManilaPostal Code13008. Issuer's telephone number, including area code (632) 85263131 to 70/(632) 8891-6040 to 709. Former name or former address, if changed since last report Not Applicable10. 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 Shares | 1,525,764,850 |
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Philippine National BankPNB PSE Disclosure Form 6-3 - Declaration of Property Dividends References: SRC Rule 17 (SEC Form 17-C) andSections 6 and 4.4 of the Revised Disclosure Rules
| Subject of the Disclosure |
Declaration of Property Dividends |
| Background/Description of the Disclosure |
On April 23, 2021, the PNB Board of Directors approved and confirmed the property dividend declaration of up to 239,353,710 common shares of PNB Holdings Corporation ("PHC") with a par value of P100 per share, to all stockholders of record as of May 18, 2021, subject to regulatory and other necessary approvals. The property dividend shall be paid at a ratio of 0.156886919 shares of PHC for every 1 share of PNB. The ratio for property dividend was determined by dividing the total number of outstanding shares declared as property dividends of PHC, which is 239,353,710 common shares, by the total number of outstanding shares of PNB of 1,525,764,850. In case a stockholder is entitled to a fractional PHC share, PNB shall pay for such fraction in cash based on par value on the payment or settlement date. On December 27, 2021 the Certificate of Filing the Notice of Property Dividend Declaration issued by the Securities and Exchange Commission on December 24, 2021. We wish to advise that the property dividends will be distributed after securing necessary approvals of concerned government agencies and completing other administrative processes. We trust you will take note accordingly. Thank you. |
Type of Securities
- Common
- PreferredN.A.
- OthersN.A.
| Date of Approval by Board of Directors | Apr 23, 2021 |
| Date of Approval by Stockholders | N/A |
| Date of Approval by Securities and Exchange Commission, if applicable | Dec 24, 2021 |
| Other Relevant Regulatory Agency, if applicable | N/A |
| Date of Approval by Relevant Regulatory Agency, if applicable | N/A |
| Property to be Distributed | Shares of stocks of PHC |
| Entitlement Ratio | 0.156886919 shares of PHC for every 1 share of PNB |
| Record Date (to be determined after necessary approvals) | May 18, 2021 |
| Payment Date (to be determined after necessary approvals) | TBA |
| Other Relevant Information |
The disclosure was amended to give a brief update on the status of the property dividend declaration. |
| Name | Ruth Pamela Tanghal |
| Designation | Corporate Secretary |