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)
Oct 28, 2022
2. SEC Identification Number
AS092-007059
3. BIR Tax Identification No.
002-010-620
4. Exact name of issuer as specified in its charter
VANTAGE EQUITIES, INC.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
15th Floor, Philippine Stock Exchange, 5th Ave. Corner 28th Street, Bonifacio Global City, Taguig City, Metro Manila1634Postal Code1630
8. Issuer's telephone number, including area code
(632) 8250-8720
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 STOCK
4,199,582,266
11. Indicate the item numbers reported herein
ITEM NO. 9 - OTHER EVENTS
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.
Vantage Equities, Inc.V
PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Results of the Annual Stockholders' Meeting
Background/Description of the Disclosure
The annual meeting of the stockholders of Vantage Equities, Inc. was held today, 28 October 2022 at 3:00 P.M. via remote communication.
In compliance with the Revised Disclosure Rules of the Exchange, the Company discloses the results of the Annual Stockholders' Meeting as provided below.
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person
Shareholdings in the Listed Company
Nature of Indirect Ownership
Direct
Indirect
Edmundo Marco P. Bunyi, Jr.
20,000
12,505,000
lodged to broker
Ignacio B. Gimenez
25,000
0
N/A
Wilson L. Sy
2,300,000
131,000,000
lodged to broker
Roberto Z. Lorayes
50,000
0
N/A
Willy N. Ocier
5,621,000
14,948,480
lodged to broker
Joseph L. Ong
25,000
0
N/A
Valentino C. Sy
175,000
175,000
lodged to broker
Gregorio T. Yu (Independent Director)
100,000
5,100,000
lodged to broker
Timothy Bryce A. Sy
1
204,025,499
lodged to broker
Kevin Neil A. Sy
1
203,520,875
lodged to broker
Darlene Mae A. Sy
1
201,711,999
lodged to broker
Bert C. Hontiveros (Independent Director)
1
1,945,999
lodged to broker
Andy O. Co (Independent Director)
10,000
0
N/A
External auditor
SyCip Gorres Velayo & Co.
List of other material resolutions, transactions and corporate actions approved by the stockholders
The following were approved by the stockholders:
A. Minutes of the previous stockholders’ meeting held on 30 September 2021;
B. 2021 operations and results;
C. Acts of the Board of Directors and Officers from the date of the last meeting up to the date of the present meeting;
D. Election of the Directors of the Corporation. The following were elected as Directors of the Corporation for the year 2022, to assume office immediately after their election and to serve as such until their successors shall have been duly elected and qualified:
(1) Edmundo Marco P. Bunyi, Jr. (2) Ignacio B. Gimenez (3) Wilson L. Sy (4) Roberto Z. Lorayes (5) Willy N. Ocier (6) Joseph L. Ong (7) Valentino C. Sy (8) Timothy Bryce A. Sy (9) Kevin Neil A. Sy (10) Darlene Mae A. Sy (11) Bert C. Hontiveros (Independent Director) (12) Andy O. Co (Independent Director) (13) Gregorio T. Yu (Independent Director)
In connection with the SEC regulation on the rule of imposing a maximum 9-year term for Independent Directors. Mr. Gregorio T. Yu has served his 9th year as Independent Director in 2022 and has thus reached the term limit.
Regarding this, the Board of Directors secured the majority Shareholders’ approval for the reappointment of Mr. Gregorio Yu as Independent Director for at most 1 more year to maintain the governance standards in the Board for the interim period.
E. Appointment of SyCip Gorres Velayo & Co. as external auditor for Year 2022.