OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Nov 4, 20212. SEC Identification Number PW-2773. BIR Tax Identification No. 000-060-741-0004. Exact name of issuer as specified in its charter SAN MIGUEL CORPORATION5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office No. 40 San Miguel Avenue, Mandaluyong City, Metro Manila, PhilippinesPostal Code15508. Issuer's telephone number, including area code (632) 8 632-30009. 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 |
SMC | 2,383,896,588 |
SMC2F | 223,333,500 |
SMC2H | 164,000,000 |
SMC2I | 169,333,400 |
SMCJ | 266,666,667 |
SMCK | 183,904,900 |
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.
San Miguel CorporationSMC PSE Disclosure Form 4-4 - Amendments to By-Laws References: SRC Rule 17 (SEC Form 17-C) andSection 4.4 of the Revised Disclosure Rules
Subject of the Disclosure |
Amendments to the Amended By-Laws of the Corporation. |
Background/Description of the Disclosure |
Please see attached copy of the Amended By-Laws of the Corporation as approved by the Securities and Exchange Commission on November 2, 2021. Amendments were approved by the Board of Directors on April 15, 2021 and the Stockholders of the Corporation on June 8, 2021. |
Date of Approval by Board of Directors | Apr 15, 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 | Nov 2, 2021 |
Date of Receipt of SEC approval | Nov 3, 2021 |
Article and Section Nos. | From | To |
Please refer to the attached disclosure | - | - |
Rationale for the amendment(s) |
The proposed amendment aligns with the best practices in Corporate Governance to have the position of Chairman and Chief Executive Officer reside in two distinct persons. The scope of the role and duties of the Chairman of the Board will be focused on the non-executive functions while the President and Chief Executive Officer will be in charge with the management of the Company. |
Expected date of filing the amendments to the By-Laws with the SEC | Jun 11, 2021 |
Expected date of SEC approval of the Amended By-Laws | Nov 3, 2021 |
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any |
The proposed amendment aligns with the best practices in Corporate Governance to have the position of Chairman and Chief Executive Officer reside in two distinct persons. The scope of the role and duties of the Chairman of the Board will be focused on the non-executive functions while the President and Chief Executive Officer will be in charge with the management of the Company. |
Other Relevant Information |
This is to amend disclosure on November 3, 2021 to summarize amended items to the Amended By-Laws of the Company. |
Name | Mary Rose Tan |
Designation | Associate General Counsel and Assistant Corporate Secretary |
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Disclaimer
San Miguel Corporation published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 03:11:06 UTC.