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)
Nov 28, 2024
2. SEC Identification Number
77487
3. BIR Tax Identification No.
000-388-771
4. Exact name of issuer as specified in its charter
JOLLIBEE FOODS CORPORATION doing business under the name and style of Jollibee
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10/F JOLLIBEE PLAZA BUILDING, 10 F. ORTIGAS JR. AVENUE, ORTIGAS CENTER, PASIG CITY Postal Code1605
8. Issuer's telephone number, including area code
(632) 8634-1111
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 (JFC)
1,122,813,647
Preferred Shares (JFCPB)
9,000,000
Treasury Shares - Common
16,447,340
Treasury Shares - Preferred (JFCPA)
3,000,000
11. Indicate the item numbers reported herein
-
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Jollibee Foods CorporationJFC
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
Amendment of the Senior Management Stock Option and Incentive Plan
Background/Description of the Disclosure
On November 28, 2024, the Board of Directors of Jollibee Foods Corporation (the "Company") approved the amendment of the Company’s Senior Management Stock Option and Incentive Plan (the "Plan") to include a Restricted Stock Unit Program ("RSUP") as a method of implementing the Plan, in addition to the existing Management Stocks Option Program ("MSOP") and Executive Long-Term Incentive Program ("ELTIP"). The RSUP serves as an implementation mechanism of the Plan to provide incentives to selected executives, encouraging the achievement of the Company's long-term goals. The total number of shares that may be issued under the existing implementing programs of the Plan, namely the MSOP, the ELTIP, and the RSUP, shall not exceed the number of shares authorized under the Plan.
The authority of the Board to amend the Plan or any provision thereof is expressly granted under Section 10.2 of the Plan, which was ratified by the stockholders of the Company on November 23, 2015 and has been effective since July 1, 2004.