C06762-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Preferred Shares | 7,500,000,000 | |
Common Shares | 3,364,692,000 |
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Subject of the Disclosure |
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Results of Board Meeting |
Background/Description of the Disclosure |
GMA Network, Inc., in its Board of Directors’ meeting held on October 24, 2024, approved the conversion of its advances into equity with its wholly-owned subsidiary - GMA Network Films, Inc. (GNFI), in the amount of P18.75 Million. The increase in the paid-up capital of GNFI, is aligned with its current and forthcoming project requirements, as the Company aggressively returns to film production after several years of hiatus. |
Other Relevant Information |
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Name | Ayahl Ari Augusto Chio |
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Designation | First Vice President |