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)
Sep 27, 2022
2. SEC Identification Number
24221
3. BIR Tax Identification No.
000-440-440-00
4. Exact name of issuer as specified in its charter
Bank of Commerce
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
San Miguel Properties Center Bldg. #7 St. Francis Street Ortigas Center MandaluyongPostal Code1550
8. Issuer's telephone number, including area code
(632) 982-6000
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 Stocks
1,403,013,920
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.
Bank of CommerceBNCOM
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
BNCOM Escrow Shares to Remain Certificated after Release from Lock-Up Period
Background/Description of the Disclosure
In compliance with the disclosure requirements of the Exchange, please be informed that Bank of Commerce (“BNCOM”, “Company”) has secured approval of its request for the release of Escrow Shares.
San Miguel Corporation Retirement Plan (“SMCRP”) and San Miguel Properties, Inc. (“SMPI”) do not intend to sell their respective shares in BNCOM; the shareholders intend to maintain their current respective ownership stakes in BNCOM post-IPO and to remain certificated even after the lock-up period of its shares expire on September 27, 2022.
In view thereof, the Escrow Shares are eligible for trading on the Exchange starting on September 28, 2022, subject to the Company’s compliance with the Exchange’s Rules on Lodgment of Securities.