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Far Eastern University, IncorporatedFEU
PSE Disclosure Form 17-7 - Statement of Changes in Beneficial
Ownership of Securities References: SRC Rule 23 and
Section 17.5 of the Revised Disclosure Rules
| Name of Reporting Person |
Ms. Rosanna E. Salcedo |
| Relationship of Reporting Person to Issuer |
Chief Finance Officer and Treasurer |
| Description of the Disclosure |
Declaration of indirect beneficial ownership of FEU shares of Ms. Rosanna E. Salcedo, Chief Finance Officer and Treasurer of FEU, resulting from the purchase of FEU shares by her daughter, Ms. Rozina E. Salcedo.
The sale of 9,985 shares previously held by the Heirs of the late Asuncion Lopez Gonzalez has been under negotiation since April and May 2024. During this period, shares of Far Eastern University, Incorporated were valued between Php 560.00 and Php 600.00.
The parties reached a tentative agreement in May 2024 at a price of Php 585.00 per share, reflective of prevailing prices at the time. However, the formal execution of the sale was contingent upon the settlement of the late Asuncion Lopez Gonzalez's estate. Therefore, the Confirmation of Sale of Shares of Stocks, executed by the buyer Rozina E. Salcedo, is dated 16 July 2024. |
Filed on behalf by:
| Name |
Anthony Raymond Goquingco |
| Designation |
Corporate Secretary and Compliance Officer |