AbaCore Capital : Declaration of Property Dividends
June 06, 2022 at 02:32 am EDT
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SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C
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) Jun 3, 20222. SEC Identification Number 987803. BIR Tax Identification No. 002-727-3934. Exact name of issuer as specified in its charter ABACORE CAPITAL HOLDINGS, INC.5. Province, country or other jurisdiction of incorporation METRO MANILA, PHILIPPINES6. Industry Classification Code(SEC Use Only) 7. Address of principal office 135 J.P. RIZAL ST., BRGY. MILAGROSA, PROJECT 4, QUEZON CITYPostal Code11098. Issuer's telephone number, including area code (02) 8724-3759 / 8725-78759. Former name or former address, if changed since last report ABACUS CONSOLIDATED RESOURCES & HOLDINGS, INC.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 SHARE
4,185,934,029
AMOUNT OF DEBT OUTSTANDING AS OF MARCH 31, 2022
101,368,308
11. Indicate the item numbers reported herein Items 4 and 9
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.
AbaCore Capital Holdings, Inc.ABA
PSE Disclosure Form 6-3 - Declaration of Property Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
ABA Dividend Declaration: Property and Cash
Background/Description of the Disclosure
Ten percent (10%) rate Dividend Declaration consisting of Property Dividends of up to 3,767,341 common shares of Philippine Regional Investment Development Corporation with a par value of P100 per share and Cash Dividends of at least Php 41,859,341.00 (to be augmented for cash payment in lieu of fractional shares resulting from the property dividends) to all stockholders of record as of June 28, 2022
Type of Securities
Common
Preferred-
Others-
Property Dividend
Date of Approval by Board of Directors
Jun 3, 2022
Date of Approval by Stockholders
TBA
Date of Approval by Securities and Exchange Commission, if applicable
TBA
Other Relevant Regulatory Agency, if applicable
NA
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Property to be Distributed
Property Dividends of up to 3,767,341 common shares of Philippine Regional Investment Development Corporation (PRIDE) with a par value of P100 per share
Entitlement Ratio
For every one (1) ABACORE share held, a shareholder shall receive: a. 0.0009 PRIDE SHARE with par value of One Hundred Pesos (Php 100.00) per share (the "Property Dividend"); and b. one centavo (Php 0.01) (the "Cash Dividend"). No fractional shares of PRIDE shall be issued. In the event a fractional share results after applying the dividend ratio, the Corporation shall pay for such fraction in cash based on the par value of PRIDE Shares on payment or settlement date of said dividends
Record Date (to be determined after necessary approvals)
Jun 28, 2022
Payment Date (to be determined after necessary approvals)
TBA
Other Relevant Information
PLEASE SEE ATTACHED.
Filed on behalf by:
Name
Rico De Los Reyes
Designation
Comptroller
Attachments
Original Link
Original Document
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Disclaimer
Abacore Capital Holdings Inc. published this content on 06 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2022 06:31:07 UTC.
AbaCore Capital Holdings, Inc. is a Philippines-based holding company. The Company has interests in the leasing of gaming equipment, gold and coal mining, real estate and financial services. The Company operates through three segments: holding company, real estate business and financial services. The holding company segment is primarily engaged in purchasing, owning, holding, transferring, or disposing of real property of every kind and description, including shares of stocks and other securities, contracts or obligations of any corporation or association. The real estate segment includes purchases of land for appreciation. The financial services segment is involved in the accumulation of deposits and extension of rural credits to small farmers and tenants and to deserving rural industries or enterprises. The Company holds 102 gold mining claims in Agusan del Sur and Surigao del Sur and seven coal blocks, each containing 1,000 hectares, located in Surigao del Sur.