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) Aug 2, 20222. SEC Identification Number 1526613. BIR Tax Identification No. 0004448404. Exact name of issuer as specified in its charter City & Land Developers, Incorporated5. Province, country or other jurisdiction of incorporation Makati City, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 3/F Cityland Condominium 10 Tower I, 156 H.V. Dela Costa St., Makati CityPostal Code12268. Issuer's telephone number, including area code 02-889360609. 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
Unclassified Common Shares 1,431,785,284
11. Indicate the item numbers reported herein Item no. 9 - Other Events

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.

City & Land Developers, IncorporatedLAND PSE Disclosure Form 6-2 - Declaration of Stock Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure

Declaration of 5% Stock Dividends

Background/Description of the Disclosure

In a special meeting of the Board of Directors last April 26, 2021, and subsequently at the Annual Stockholders' Meeting
last June 08, 2021, the stockholders approved and ratified the following matters:

1) Declaration of 5% Stock Dividends from the unappropriated retained earnings as of December 31, 2020 which will
come from an increase in authorized capital stock. Record date of the stock dividends shall be fixed by the Securities
and Exchange Commission after clearance and approval. No fractional shares will be issued.

2) To increase its authorized capital stock from 1,435,000,000 shares to 1,715,000,000 shares with par value of
Php 1.00 per share; and

3) To cause the amendment of the Articles of Incorporation to increase the authorized capital stock to 1,715,000,000
shares with par value of Php 1.00 per share.

Type of Securities

  • Common
  • PreferredN.A.
  • OthersN.A.
Stock Dividend
Date of Approval by Board of Directors Apr 26, 2021
Date of Approval by Stockholders Jun 8, 2021
Other Relevant Regulatory Agency, if applicable N.A.
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Date of Approval by Securities and Exchange Commission Jul 29, 2022
Stock Dividend Rate

5%

Source of Dividend Payment

The source of the dividend payment is from the unappropriated retained earnings as of December 31, 2020 which will
come from an increase in authorized capital stock.

Source of Shares for Distribution To be taken from the unissued capital stock Number of Shares to be Issued : 0To be taken from an increase in authorized capital stock From: 1435000000

To:1715000000

Number of Shares to be Issued : 71,589,265Others: N.A.Number of Shares to be Issued : 0
Record Date TBA
Payment Date TBA
Other Relevant Information

On July 29, 2022, the Securities and Exchange Commission approved the following:

A) Increase of authorized capital stock of City & Land Developers, Incorporated
From: Php 1,435,000,000.00 divided into 1,435,000,000 shares with par value of One Peso (Php 1.00)
To: Php 1,715,000,000.00 divided into 1,715,000,000 shares with par value of One Peso (Php1.00)

That of the increase in authorized capital stock, the amount of Php 71,589,265.00 has been actually subscribed
and of the said subscription, the Php 71,589,265.00 divided into 71,589,265 shares have been actually paid through
stock dividends. The said 5% stock dividend has been approved by the stockholders representing two-thirds (2/3) of the
outstanding capital stock during the Annual Stockholders' Meeting held last June 08, 2021. The record date of the
5% stock dividends will be announced upon approval of the SEC.

B) Amendment of the Seventh provision of the Articles of Incorporation by increasing the authorized capital stock to
One Billion Seven Hundred Fifteen Million Pesos (Php1,715,000,000.00) divided into One Billion Seven Hundred Fifteen
Million (1,715,000,000) shares with a par value of One Peso (Php1.00). Attached herewith are the Certificate of Filing of
Amended Articles of Incorporation and Certificate of Approval of Increase of Authorized Capital Stock both dated
July 29, 2022 which we received on August 01, 2022.

Filed on behalf by:
Name Therese Raimunda Anoos
Designation Assistant Vice President

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City and Land Developers Inc. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 07:49:08 UTC.