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    IDC   PHY4211L1036

ITALPINAS DEVELOPMENT CORPORATION

(IDC)
  Report
End-of-day quote Philippines Stock Exchange  -  2022-06-23
0.7300 PHP   +1.39%
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Italpinas Development : Change in Directors and/or Officers (Resignation, Removal or Appointment, Election and/or Promotion)

04/17/2022 | 09:04pm EDT
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) Apr 13, 20222. SEC Identification Number CS2009009173. BIR Tax Identification No. 0072133530004. Exact name of issuer as specified in its charter ITALPINAS DEVELOPMENT CORPORATION5. Province, country or other jurisdiction of incorporation METRO MANILA, PHILIPPINES6. Industry Classification Code(SEC Use Only) 7. Address of principal office UNIT 28C BPI PHILAMLIFE BLDG., 6811 AYALA AVENUE, MAKATI CITYPostal Code12268. Issuer's telephone number, including area code (02)8893 03289. Former name or former address, if changed since last report N/A10. 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 SHARES 629,568,795
11. Indicate the item numbers reported herein ITEM NO.4 RESIGNATION, REMOVAL OR ELECTION OF REGISTRANT'S DIRECTORS OR OFFICERS

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.

Italpinas Development CorporationIDC PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure

Results of the Board Meeting held on April 13, 2022

Background/Description of the Disclosure

We advise that during the meeting of the Board of Directors of Italpinas development Corporation ("IDC") held on Wednesday, April 13, 2022, which adjourned at 6:00pm, the Corporation's President, Atty. Jose D. Leviste III has been designated concurrently as Chief Compliance Officer. Likewise, the reorganization of the following committees was approved:
1. The Treasurer, Atty. Shennan A. Sy, was appointed to the Remunerations Committee vice Atty. Jose D. Leviste III.
2. Atty. Jose D. Leviste, being concurrently President and Chief Compliance Officer, was designated Chairman of the Corporate Governance Committee.

Resignation/Removal or Replacement
Name of Person Position/Designation Effective Date of Resignation/Cessation of term
(mmm/dd/yyyy)
Reason(s) for Resignation/Cessation
JOSE D. LEVISTE III REMUNERATION COMMITTEE MEMBER APR/13/2022 REPLACEMENT
Election or Appointment
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
JOSE D. LEVISTE III CHIEF COMPLIANCE OFFICER APR/13/2022 APR/13/2022 202,807,930 - -
JOSE D. LEVISTE III CORPORATE GOVERNANCE COMMITTEE CHAIRMAN APR/13/2022 APR/13/2022 202,807,930 - -
SHENNAN SY REMUNERATION COMMITTEE MEMBER APR/13/2022 APR/13/2022 931 - -
Promotion or Change in Designation
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

Please see attached file.

Filed on behalf by:
Name Aleli Cordero
Designation Legal Counsel

Disclaimer

Italpinas Development Corporation published this content on 18 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2022 01:03:07 UTC.


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Financials
Sales 2021 186 M 3,39 M 3,39 M
Net income 2021 130 M 2,37 M 2,37 M
Net Debt 2021 602 M 11,0 M 11,0 M
P/E ratio 2021 5,85x
Yield 2021 -
Capitalization 460 M 8,37 M 8,37 M
EV / Sales 2020 8,20x
EV / Sales 2021 7,33x
Nbr of Employees 63
Free-Float 42,6%
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Income Statement Evolution
Managers and Directors
Romolo Valentino Nati Chairman & Chief Executive Officer
Jose Dayrit Leviste President, Chief Compliance Officer & Director
Shennan A. Sy Chief Financial Officer, Treasurer & Director
Giuseppe Garofalo Chief Operations Officer
Jose G. Araullo Independent Director
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