The following procedure shall be followed for the issuance by the Corporation of new certificates of stock in lieu of those which have been lost, stolen or destroyed:
(a) The registered owner of certificates of stock in the Corporation or his legal representative shall file an affidavit in triplicate with the Corporation setting forth, if possible, the circumstances as to how, when and where said certificates were lost, stolen or destroyed, the number of shares represented by each certificate, and the serial numbers of the certificates. He shall also submit such other information and evidence as he may deem necessary.
(b) After verifying the affidavit and other information and evidence with the books of the Corporation, and making such other inquiries as it deems proper or necessary, the Corporation shall publish a notice, in a newspaper of general circulation in the Philippines published in the place where the Corporation has its principal office, once a week for three (3) consecutive weeks at the expense of the registered owner of the certificates of stock which have been lost, stolen or destroyed. The notice shall state the name of the Corporation, the name of the registered owner and the serial numbers of said certificates, and the number of shares represented by each certificate, and after the expiration of one (1) year from the date of the last publication, if no contest has been presented to the Corporation regarding said certificates of stock, the right to make such contest shall be barred and the Corporation shall cancel in its books the certificates of stock which have been lost, stolen or destroyed and issue in lieu thereof new certificates of stock, unless the registered owner files a bond or other security in lieu thereof as may be required running for a period of one (1) year for a sum and in such form and with such sureties as may be satisfactory to the Board of Directors in which case a new certificate may be issued even before the expiration of the one (1) year period herein; Provided, that if a contest has been presented to the Corporation or if an action is pending in court regarding the ownership of said certificates of stock which have been lost, stolen or destroyed, the issuance of the new certificates of stock in lieu thereof shall be suspended until final decision by the court regarding the ownership of said certificates of stock. |
The disclosure was amended to change the date from August 31, 2017 to August 29, 2017 which is 90 days from SEC approval, according to the advice of the company's stock transfer agent for the following:
1. Inclusive dates when the old stock certificates can be replaced. 2. Date of availability of new stock certificates. |