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)
May 28, 2024
2. SEC Identification Number
39745
3. BIR Tax Identification No.
002-837-461
4. Exact name of issuer as specified in its charter
CROWN EQUITIES, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Crown Center, 158 Jupiter cor. N. Garcia Sts., Makati CityPostal Code1209
8. Issuer's telephone number, including area code
(632) 8899-0081, (632) 8899-0455
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 Shares
14,959,999,950
11. Indicate the item numbers reported herein
Item 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.
Crown Equities, Inc.CEI
PSE Disclosure Form 6-3 - Declaration of Property Dividends References: SRC Rule 17 (SEC Form 17-C) and Sections 6 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Declaration of Property Dividends
Background/Description of the Disclosure
Ladies and Gentlemen:
Please be informed that at the Annual Stockholders' Meeting of Crown Equities, Inc. (CEI) held May 28, 2024, the stockholders ratified the declaration of property dividends consisting of CEI common shares held in treasury, under such terms and conditions as may be determined suitable by the Management of CEI. Such property dividends shall be paid at an entitlement ratio of 0.10 common share for every one (1) CEI common share held by all eligible stockholders as of record date and payment date to be determined by the Management of CEI, subject to the necessary regulatory approvals.
Thank you.
Type of Securities
Common
Preferred--
Others--
Property Dividend
Date of Approval by Board of Directors
May 5, 2024
Date of Approval by Stockholders
May 28, 2024
Date of Approval by Securities and Exchange Commission, if applicable
TBA
Other Relevant Regulatory Agency, if applicable
Philippine Stock Exchange
Date of Approval by Relevant Regulatory Agency, if applicable
TBA
Property to be Distributed
Treasury Shares
Entitlement Ratio
0.10 common share for every one (1) CEI common share
Record Date (to be determined after necessary approvals)
TBA
Payment Date (to be determined after necessary approvals)