C06853-2016 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 2,613,240,320 |
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.
Subject of the Disclosure |
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Case filed against VMC. |
Background/Description of the Disclosure |
In a Resolution dated May 16, 2016, the Court of Appeals denied East West Banking Corporation’s (EWBC) Motion for Reconsideration on the Decision of the CA. The said CA’s Decision denied the Petition for Review filed by EWBC, after the SEC En Banc reversed the Order of the SEC Hearing Panel 1, granting the Motion of EWBC to compel VMC to allow it to exercise its option for the conversion of the unconverted convertible notes. |
Name of the court or agency in which the proceedings are pending | Securities and Exchange Commission. |
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Date Instituted | Nov 11, 2014 |
Docket Number | SEC Case No. 07-97-5693 |
Principal Parties |
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Victorias Milling Company, Inc. and East West Banking Corporation. |
Nature and description of the legal proceedings |
"In its Decision dated January 19, 2016 (“CA Decision dated January 19, 2016”), the Court of Appeals (“CA”) denied the Petition for Review dated September 15, 2015 filed by East West Banking Corporation (“EWBC”). The dispositive portion of the CA Decision dated January 19, 2016 states: |
The effect(s) on the Issuer's business or operations, if any |
None |
Other Relevant Information |
Amending the December 6, 2016 disclosure as requested by the Exchange to explain VMC's position on the manifestation disclosed by EWBC to avoid confusion by the investing public. |
Name | Eva Rodriguez |
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Designation | Compliance and Information Officer |