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)
Feb 9, 2018
2. SEC Identification Number
ASO94-002733
3. BIR Tax Identification No.
003-921-057-000
4. Exact name of issuer as specified in its charter
EAST WEST BANKING CORPORATION
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
The Beaufort, 5th Avenue corner 23rd Street, Fort Bonifacio Global City, Taguig CityPostal Code1634
8. Issuer's telephone number, including area code
+632 575 3888
9. Former name or former address, if changed since last report
NA
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
1,499,983,610
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.
East West Banking CorporationEW
PSE Disclosure Form 6-2 - Declaration of Stock Dividends References: SRC Rule 17 (SEC Form 17-C) and Sections 6 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Declaration of Stock Dividends
Background/Description of the Disclosure
Please be advised that at the Special meeting of the Board of Directors yesterday, the Board approved and confirmed the declaration of 50% Stock Dividend or Seven Hundred Fifty Million Common Shares (750,000,000) to cover the required minimum subscription and payment for the increase of authorized capital. Record date for the stock dividends shall be fixed by the Securities and Exchange Commission.
In a letter dated February 7, 2018, the Bangko Sentral ng Pilipinas informed the Bank of its approval on February 1, 2018 of such amendment to the Articles of Incorporation and By-Laws, and the issuance of a Certificate of Authority dated February 5, 2018, certifying that the amendment is in accordance with law and enabling the Bank to register the amendment with the Securities and Exchange Commission.
Type of Securities
Common
Preferred-
Others-
Stock Dividend
Date of Approval by Board of Directors
Jul 13, 2017
Date of Approval by Stockholders
Aug 30, 2017
Other Relevant Regulatory Agency, if applicable
Bangko Sentral ng Pilipinas
Date of Approval by Relevant Regulatory Agency, if applicable
Feb 1, 2018
Date of Approval by Securities and Exchange Commission
TBA
Stock Dividend Rate
50.00%
Source of Dividend Payment
Unrestricted retained earnings as of December 31, 2016
Source of Shares for Distribution
To be taken from the unissued capital stock
Number of Shares to be Issued :
-
To be taken from an increase in authorized capital stock
From:
1,500,000,000 shares
To:4,500,000,000 shares
Number of Shares to be Issued :
750,000,000
Others:
-
Number of Shares to be Issued :
-
Record Date
TBA
Payment Date
TBA
Other Relevant Information
Amended to reflect the approval date of Bangko Sentral ng Pilipinas