C07973-2021

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)
Nov 18, 2021
2. SEC Identification Number
3. BIR Tax Identification No.
005-338-421-000
4. Exact name of issuer as specified in its charter
5. Province, country or other jurisdiction of incorporation
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Citystate Centre Building, 709 Shaw Blvd., Pasig City Postal Code
8. Issuer's telephone number, including area code
9. Former name or former address, if changed since last report
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 Shares 150,600,000
11. Indicate the item numbers reported herein

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.

Citystate Savings Bank, Inc.CSB

PSE Disclosure Form 4-11 - Change in Number of Issued and Outstanding Shares References: Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Increase in Issued and Outstanding Shares of Citystate Savings Bank, Inc. (CSB) from 100,000,000 to 150,600,000 due to the subscriptions by Amb. ALC Holdings and Management Corp. (AAHMC), Top Ventures Investments and Management Corp. (TVIMC), and Eternal Gardens Memorial Park Corp. (EGMPC).
Background/Description of the Disclosure

On 10 July 2020, the Board of Directors of CSB approved the subscriptions by AAHMC to 42,000,000 million shares, TVIMC to 7,680,000 shares and EGMPC to 320,000 shares. Furthermore, on 25 November 2020, the Board of Directors of CSB approved the subscription by TVIMC to 600,000 shares. The subscriptions of the aforementioned stockholders from the increase of the authorized capital stock of CSB is in compliance with Section 121 of the BSP Manual of Regulations for Banks, particularly the Minimum Required Capitalization of P1B for a Thrift Bank with Trust License. The 50,600,000 total additional shares are duly recorded in the stock and transfer books of CSB on 20 October 2021.

Moreover, on 25 October 2021, the Bank received the Certificate of Filings of its amendments to Articles of Incorporation and By-Laws, and Certificate of Approval of Increase of Capital Stock from the Securities and Exchange Commission (SEC), all certificates are dated 20 October 2021.

Lastly, please see below other pertinent information relative to the change in number of issued shares and outstanding shares of CSB:

A. Subscriber’s Name: AMB ALC Holdings & Management Corp.
• Date and nature of the transaction: July 13, 2020/ additional shares out of the increase of the Bank’s authorized capital stock
• Date of issuance of shares: 20 October 2021
• Number of shares issued: 42,000,000
• Issue price per shares: 10
• Aggregate transaction value: 420,000,000.00
• Date of payment: July 13, 2020


B. Subscriber’s Name: Top Ventures Investment & Management Corp.
• Date and nature of the transaction: July 13, 2020/ additional shares out of the increase of the Bank’s authorized capital stock
• Date of issuance of shares: 20 October 2021
• Number of shares issued: 7,680,000
• Issue price per shares: 10
• Aggregate transaction value: 76,800,000.00
• Date of payment: July 13, 2020


C. Subscriber’s Name: Top Ventures Investment & Management Corp.
• Date and nature of the transaction: December 7, 2020/ additional shares out of the increase of the Bank’s authorized capital stock
• Date of issuance of shares: 20 October 2021
• Number of shares issued: 600,000
• Issue price per shares: 10
• Aggregate transaction value: 6,000,000.00
• Date of payment: December 7, 2020


D. Subscriber’s Name: Eternal Gardens Memorial Park Corp.
• Date and nature of the transaction: July 13, 2020/ additional shares out of the increase of the Bank’s authorized capital stock
• Date of issuance of shares: 20 October 2021
• Number of shares issued: 320,000
• Issue price per shares: 10
• Aggregate transaction value: 3,200,000.00
• Date of payment: August 17, 2018

Change(s) in Number of Issued and Outstanding Shares

Issued Shares
Type of Security /Stock Symbol Before After
CSB 100,000,000 150,600,000
Outstanding Shares
Type of Security /Stock Symbol Before After
CSB 100,000,000 150,600,000
Other Changes, if any
In percent Before After
Public float
Foreign Ownership level
Filed on behalf by:
Name Ariel Ajesta
Designation Chief Compliance Officer