C03987-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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FRUIT | 2,133,680,000 |
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Subject of the Disclosure |
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Amendment of Article II of the Articles of Incorporation |
Background/Description of the Disclosure |
The Board of Directors approved the amendment of Article II of the Articles of Incorporation of the Corporation to add the following secondary purpose: |
Date of Approval by Board of Directors |
Jun 7, 2021 |
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Date of Approval by Stockholders | TBA |
Other Relevant Regulatory Agency, if applicable | N/A |
Date of Approval by Relevant Regulatory Agency, if applicable | TBA |
Date of Approval by Securities and Exchange Commission | TBA |
Date of Receipt of SEC approval | TBA |
Article No. | From | To | |
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Article II- Secondary Purpose | N/A (Additional secondary purpose to be added) | “11. To assume, undertake, guarantee, or secure, whether as solidary obligor, surety, guarantor, or security provider, or in any other capacity, and either on its general credit or on the mortgage or security over any of its property, the whole or any part of the liabilities and obligations of any of its direct or indirect parent, stockholders, subsidiaries, or affiliates, or any person, firm, association, or corporation, whether domestic or foreign, in which the corporation has lawful interest and for the benefit of the corporation.” |
Rationale for the amendment(s) |
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The approval by the stockholders of the proposed amendment to the Second Article will be sought to ensure that the secondary purposes clearly and expressly include the authority of the Corporation to assume, undertake, guarantee, or secure, whether as solidary obligor, surety, guarantor, or security provider, or in any other capacity, and either on its general credit or on the mortgage or security over any of its property, the whole or any part of the liabilities and obligations of any of its direct or indirect parent, stockholders, subsidiaries, or affiliates, or any person, firm, association, or corporation, whether domestic or foreign, in which the corporation has lawful interest and for the benefit of the corporation. The amendment will give the Corporation’s subsidiaries and affiliates, whose operations are integral to the success and core business of the Corporation, better access to sources of funding for their business needs when necessary and ultimately for the benefit of the Corporation. |
Expected date of filing the amendments to the Articles of Incorporation with the SEC | TBA |
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Expected date of SEC approval of the Amended Articles of Incorporation | TBA |
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any |
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The amendment will enable the company to provide its subsidiaries and affiliates with credit security usually required by banks and other financial institutions not only from the subsidiaries and affiliates but also from the company. |
Other Relevant Information |
Please refer to the attached file for the full information on the changes on the Second Article in the Articles of Incorporation of the Company. |
Name | Lerma Fajardo |
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Designation | Deputy CFO & Comptroller |