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 23, 2018
2. SEC Identification Number
52412
3. BIR Tax Identification No.
000-156-011
4. Exact name of issuer as specified in its charter
BELLE CORPORATION
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
5/F TOWER A, TWO ECOM CENTER, PALM COAST AVENUE, MALL OF ASIA COMPLEX, PASAY CITYPostal Code1300
8. Issuer's telephone number, including area code
02-662-8888
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 STOCK
10,498,679,857
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.
Belle CorporationBEL
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Press Release on Declaration of Dividend
Background/Description of the Disclosure
Gentlemen:
As earlier disclosed to PSE, the Corporation’s Board of Directors approved the declaration of cash dividends at its meeting on 23 February 2018.
In view of this, the following press release will be circulated accordingly:
(23 February 2018, Pasay City, Philippines) During its meeting held on 23 February 2018, Belle Corporation’s Board of Directors approved the declaration of a regular cash dividend of Twelve Centavos (Php 0.12) per share, for a total dividend payment to its common shareholders of approximately Php 1.3 billion payable on 23 March 2018 to shareholders of record as of 09 March 2018. This comprises an increase of approximately 26% from its previous regular cash dividend of Nine-and-a-Half Centavos (Php 0.095) per share, or a total of Php 1.0 billion, paid on 30 March 2017.
About Belle Corporation
Belle Corporation is a developer of tourism and leisure destinations in the Philippines. Its principal asset is the City of Dreams Manila in PAGCOR Entertainment City by Manila Bay, which is being leased on a long-term basis to Melco Resorts and Entertainment (Philippines) Corporation (Melco). In addition to lease income, Belle is accorded a share in revenues or earnings from City of Dreams Manila’s gaming operations through the operating agreement between its 78.7%-owned subsidiary, Premium Leisure Corporation (PLC), and Melco. Belle also owns approximately one hectare of presently undeveloped land across from the City of Dreams Manila site.
South of Metro Manila, Belle owns significant real estate assets and develops premium residential resort projects around Tagaytay City. Among its exclusive destinations are the club and golf facilities and residential communities of Tagaytay Highlands and Tagaytay Midlands, as well as a further 800 hectares intended for future development.
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For further information, please contact:
Tristan B. Choa Vice President – Investor Relations Belle Corporation E-mail: [email protected] Tel. No.: 0917.8753041
Belle CorporationBEL