TO ALL STOCKHOLDERS:
In light of the continuing adverse effect of the COVID 19 pandemic and due to the availability of shareholders, please be advised that the annual meeting of the stockholders of the aforementioned Corporation has been rescheduled from August 10, 2020 (Monday) to August 24, 2020 (Monday), at 2:00 P.M. via Zoom webinar. Stockholders can register at https://atram.zoom.us/webinar/register/WN_ibDZQiqPTWi0vN7MsPFbiA. Webinar password will be sent via email after registration.
The agenda of the meeting is as follows:
I. Call to Order
II. Certification of Notice and Quorum
III. Approval of Minutes of Annual Stockholders’ Meeting held on 24 June 2019
IV. Management Report
V. Presentation of the Audited Financial Statements of the Corporation for the Year Ended 2019
VI. Ratification of the Corporate Acts of the Board of Directors since the last annual stockholders’ meeting
VII. Election of Directors for 2020 to 2021
VIII. Approval of change in principal office address from Unit 2202, 22/F, Antel Corporate Center, 121 Valero Street, Salcedo Village, Makati City to 8th Floor, 8 Rockwell Building, Hidalgo Street, Rockwell Center, Makati City
IX. Approval of perpetual existence of the Fund
X. Approval to increase authorized capital stock from Five Hundred Million Pesos to Seven Hundred Fifty Million Shares at PHP 1.00 per share
XI. Amendment of Article 3, Article 4 and Article 7 of the Articles of Incorporation and Registration Statement to reflect the change in principal office address, perpetual existence, and increase in authorized capital stock, respectively
XII. Approval of change in record date from 30 days to within 60 days
XIII. Approval of Use of Remote Communication for Meetings
XIV. Amendment of Section 6 of Article I, Sections 4, 5, 6, 7 of Article II, and Sections 2, 4, 5, and 7 of Article III of the By-laws and Registration Statements to reflect the change in record date and allow the use of remote communication for meetings, respectively
XV. Appointment of External Auditor for 2020
XVI. Other Matters
In accordance with the By-Laws, the record date for determination of the shareholders entitled to notice of and to vote at the annual shareholders’ meeting has been set at July 27, 2020.
Given the current circumstances and in order to ensure the safety and welfare of our stockholders in light of the COVID-19 pandemic, the Corporation will dispense with the physical attendance of stockholders at the meeting and will allow attendance only by remote communication and by voting in absentia or voting through the Chairman of the meeting as proxy.
Stockholders intending to participate by remote communication should notify the Corporation by email to firstname.lastname@example.org on or before August 17, 2020.
Date: 24 July 2020
TRANQUIL S. SALVADOR III