C05828-2020 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 2,800,000,000 |
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.
Subject of the Disclosure |
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Appointment of President of Dito CME Holdings Corp. |
Background/Description of the Disclosure |
Dito CME Holdings Corp. (the “Company”) wishes to inform the Philippine Stock Exchange that during the special meeting of the Board of Directors held today, the Board accepted the resignation of Dennis A. Uy as President and appointed Mr. Ernesto R. Alberto as the new President for the unexpired term of Mr. Uy. Considering that Mr. Uy continues to hold the position of Chairman, the change shall foster an appropriate balance of power, increased accountability, and better capacity for independent decision-making. |
Name of Person | Position/Designation | Effective Date of Resignation/Cessation of term (mmm/dd/yyyy) |
Reason(s) for Resignation/Cessation | |
---|---|---|---|---|
Dennis A. Uy | President | 08/16/2020 | For appropriate balance of power, increased accountability, and better capacity for independent decision-making |
Name of Person | Position/Designation | Date of Appointment/Election (mmm/dd/yyyy) |
Effective Date of Appointment Election (mmm/dd/yyyy) |
Shareholdings in the Listed Company | Nature of Indirect Ownership | ||
---|---|---|---|---|---|---|---|
Direct | Indirect | ||||||
Ernesto R. Alberto | President | 8/14/2020 | 8/17/2020 | 1,000 | - | - |
Name of Person | Position/Designation | Date of Approval (mmm/dd/yyyy) |
Effective Date of Change (mmm/dd/yyyy) |
Shareholdings in the Listed Company | Nature of Indirect Ownership | |||
---|---|---|---|---|---|---|---|---|
From | To | Direct | Indirect | |||||
- | - | - | - | - | - | - | - |
Other Relevant Information |
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The Board's nomination committee is currently in search of Mr. Alberto's replacement as independent director. The Company shall advise the Exchange as soon as a replacement is named. |
Name | Leandro Abarquez |
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Designation | Corporate Legal Counsel |