C03919-2019 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON SHARES | 753,538,887 | |
PREFERRED SHARES (NOT LISTED) | 1,000,000,000 |
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Subject of the Disclosure |
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Issuance of Long Term Negotiable Certificates of Time Deposit (LTNCTD) |
Background/Description of the Disclosure |
The Board of Directors in its meeting held on 26 March 2019, approved the Issuance of Long Term Negotiable Certificates of Time Deposit (LTNCTD). |
Other Relevant Information |
Pursuant to the approval of the Board of Directors disclosed on 26 March 2019 and the authority granted by the Bangko Sentral ng Pilipinas (“BSP”) as embodied in Monetary Board Resolution No. 828 dated 30 May 2019 (“BSP Approval”), Security Bank Corporation (the “Bank”) was authorized to issue up to Php20 Billion Long-Term Negotiable Certificates of Time Deposit (“LTNCDs”) in multiple tranches. |
Name | MICHAEL GAMO |
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Designation | First Vice President / Assistant Corporate Secretary |