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)
Aug 30, 2017
2. SEC Identification Number
30354
3. BIR Tax Identification No.
287191423000
4. Exact name of issuer as specified in its charter
DOUBLEDRAGON PROPERTIES CORP.
5. Province, country or other jurisdiction of incorporation
Republic of the Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
DD Meridian Park Bay Area Brgy 76 Zone10, San Rafael, Pasay City, Metro Manila, PhilippinesPostal Code1302
8. Issuer's telephone number, including area code
+6328567111
9. Former name or former address, if changed since last report
N/A
10. 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
2,229,730,000
Preferred
100,000,000
11. Indicate the item numbers reported herein
Item 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.
DoubleDragon Properties Corp.DD
PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Results of Annual Stockholders' Meeting held on August 30, 2017
Background/Description of the Disclosure
Results of Annual Stockholders' Meeting held on August 30, 2017
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person
Shareholdings in the Listed Company
Nature of Indirect Ownership
Direct
Indirect
Edgar J. Sia II
514,790
0
-
Tony Tan Caktiong
1,000
0
-
Ferdinand J. Sia
1,000
0
-
Rizza Marie Joy J. Sia
1,000
0
-
William Tan Untiong
3,501,000
0
-
Joseph Tanbuntiong
4,001,000
0
-
Gary P. Cheng
250,001
0
-
Vicente S. Perez, Jr.
250,001
0
-
External auditor
R.G. Manabat & Co. - Philippine member firm of KPMG International
List of other material resolutions, transactions and corporate actions approved by the stockholders
Ratification by the Shareholders of Follow On Offering:
At the Board of Directors meeting held on August 7, 2017, a resolution has been approved to authorize the corporation to conduct a follow on offering to raise up to Seven Billion Five Hundred Million pesos (P7,500,000,000.00) or issue up to One Hundred Fifty Million (150,000,000) Common Shares from its authorized but unissued capital stock, for the purpose of funding corporate requirements and capital expenditures of the corporation’s projects and subsidiaries. This is also intended to further boost the Company’s balance sheet as well as further increase its trading liquidity as it aspires to soon become one of the PSE index stocks.
The following resolution has been adopted and approved by the Board of Directors and has been approved and ratified by the Company’s Common Shareholders as of the Record Date 12 July 2017.