Last 13 July 2020, the Securities and Exchange Commission (“SEC”) approved the publication of the Notice of Annual Stockholders’ Meeting and the distribution of the Information Statement, Management Report, and other relevant reports in preparation for the Company’s upcoming Annual Stockholders’ Meeting on 13 August 2020 (the “Meeting”).
Originally, stockholders may participate by remote communication, by voting in absentia, or by physically attending the Meeting at 5th Floor, Nostalg 1 and 2, Joy Nostalg Hotel & Suites Manila, 17 ADB Ave., Ortigas Center, Mandaluyong City.
In light of the declaration of the Office of the President placing the National Capital Region under Modified Enhanced Community Quarantine (“MECQ”), the health and safety of the Company’s stakeholders is of paramount concern. As such, participation by physically attending the Meeting will no longer be permitted. Stockholders may participate by remote communication or by voting in absentia.
The original details in the Notice of Meeting and Definitive Information Statement were substantially retained and amendments were limited to the following:
1. Venue of Meeting. - The venue of Meeting stated in the Notice of Meeting and page 1 and 2 of the Definitive Information Statement was changed to “via WebEx online meeting”. As provided in the attached Guidelines in Participation by Remote Communication, the log in details will be provided to those who duly register. The original venue, namely 5th Floor, Nostalg 1 and 2, Joy Nostalg Hotel & Suites Manila, 17 ADB Ave., Ortigas Center, Mandaluyong City, was deleted.
2. Deadline to submit proxies or notification of participation by remote communication. - The deadline to submit proxies was moved from 03 August 2020 to 10 August 2020, as provided in the Amended Notice of Meeting. Similarly, the deadline to inform the Company of the intention to participate by remote communication was moved to 10 August 2020. This will allow stockholders to make the necessary arrangements.
3. Validation of proxies. - The date of validation of proxies, as provided in the Amended Notice of Meeting, was moved from 06 August 2020 to 11 August 2020 due to the extension of the deadline to submit proxies.
4. Guidelines in Participation by Remote Communication. – The Guidelines was updated to reflect the change in deadlines mentioned earlier.
See the attached Amended Notice of Meeting, Amended Definitive Information Statement, and its attached documents in relation to the upcoming Annual Stockholders’ Meeting on 13 August 2020 filed with the SEC. We are currently awaiting the Order to be issued by the Securities and Exchange Commission regarding the amendments. |