C05178-2022 |
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.
Subject of the Disclosure |
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Approval of Amendment of Articles of Incorporation |
Background/Description of the Disclosure |
On July 8, 2022, the Securities and Exchange Commission approved the amendment of Article SECOND of GT Capital Holdings, Inc. ("GT Capital" or the "Corporation")'s Amended Articles of Incorporation to allow it to provide more flexibility in supporting GT Capital subsidiaries and affiliates. |
Date of Approval by Board of Directors |
Mar 25, 2022 |
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Date of Approval by Stockholders | May 11, 2022 |
Other Relevant Regulatory Agency, if applicable | - |
Date of Approval by Relevant Regulatory Agency, if applicable | N/A |
Date of Approval by Securities and Exchange Commission | Jul 8, 2022 |
Date of Receipt of SEC approval | Jul 12, 2022 |
Article No. | From | To | |
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SECOND | A. That the primary purpose of this corporation is To invest in, purchase, or otherwise acquire and own, hold, use, sell, assign, transfer, lease, mortgage, exchange, develop or otherwise dispose of real or personal property of every kind and description, including shares of stocks, bonds, debentures, notes, evidences of indebtedness, and other securities or obligations of any corporation or corporations, associations, domestic or foreign, and to possess and exercise in respect thereof all the rights, powers and privileges of ownership, including all voting powers of any stock so owned, and to guarantee and secure obligations of its subsidiaries and affiliates. | A. That the primary purpose xxx xxx as well as to act as commission merchant, commercial agent or factor for, or assist in any legal manner, financially or otherwise, its subsidiaries, affiliates, associates or investee companies. B. In pursuit of the above purposes, the Corporation shall have all the powers, attributes and properties, as well as all the express, special, implied, necessary and essential powers under the Revised Corporation Code of the Philippines and other applicable laws. |
Rationale for the amendment(s) |
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To provide more flexibility in supporting GT Capital subsidiaries and affiliates |
Expected date of filing the amendments to the Articles of Incorporation with the SEC | Jul 6, 2022 |
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Expected date of SEC approval of the Amended Articles of Incorporation | Jul 8, 2022 |
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any |
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None. |
Other Relevant Information |
Updated to include date of approval of SEC and receipt of the amended Amended Articles of Incorporation. |
Name | Danielle Alessandra Crisostomo |
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Designation | Legal and Compliance Officer |