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 10, 2018
2. SEC Identification Number
52412
3. BIR Tax Identification No.
430-000-156-011
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 E-Com Center, Palm Coast Ave.,Mall of Asia Complex, Pasay CityPostal Code1300
8. Issuer's telephone number, including area code
(632) 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
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 9-1 - Share Buy-Back Transactions References: Section 9 of the Revised Disclosure Rules
Subject of the Disclosure
Belle Share Buyback Transaction
Background/Description of the Disclosure
Gentlemen:
Further to the Share Buy-back Program authorizing the Management to buy from the market the Corporation’s shares up to an aggregate value of Three Billion Pesos (Php3,000,000,000.00):
Please be informed that the Corporation has repurchased from the market today, August 10, 2018, a total of 735,553,560 Belle common shares at Php3.1208/share, or a total cost amounting to approximately Php 2.3 billion. The Corporation funded the purchase through internal sources.
Thank you for your kind attention.
Very truly yours,
TRISTAN B. CHOA Vice President - Investor Relations
Type of Securities
Common
Preferredn/a
Othersn/a
Details of Share Buy-Back Transaction(s)
Date of Transaction
Number of Shares Purchased
Price Per Share
Aug 10, 2018
735,553,560
3.1208
735,553,560
Effects on Number of Shares
Before
After
Outstanding Shares
10,498,679,857
9,763,126,297
Treasury Shares
62,320,000
797,873,560
Cumulative Number of Shares Purchased to Date 1
797,873,560
Total Amount Appropriated for the Buy-Back Program
Php3,000,000,000.00
Total Amount of Shares Repurchased
Php2,476,700,220.05
Other Relevant Information
n/a
1 From the date when the share buy-back program commenced.