National Reinsurance of Philippines : Results of Annual or Special Stockholders' Meeting
July 01, 2022 at 04:53 am IST
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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 30, 20222. SEC Identification Number 801183. BIR Tax Identification No. 000-480-869-0004. Exact name of issuer as specified in its charter NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 31st Floor, BPI-Philam Makati, 6811 Ayala Avenue, Makati CityPostal Code12278. Issuer's telephone number, including area code (632) 898874009. 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
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.
National Reinsurance Corporation of the PhilippinesNRCP
PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Results of Annual Stockholders' Meeting held on June 30, 2022
Background/Description of the Disclosure
The Annual Stockholders' Meeting held on June 30, 2022 resulted to the approval of (a) the minutes of the annual stockholders' meeting held on June 23, 2021; (b) the annual report of management and the audited financial statements for the year 2021; (c) ratification of the acts and resolutions of the Board, its committees and management for the year 2021 to date; (d) the appointment of R.G. Manabat & Co. (KPMG Philippines) as external auditors of the corporation for the current year; (e) amendment of the secondary purpose clause (Article ll) of the Amended Articles of Incorporation and obtain approval to allow the company to offer capacity or financial protection to Health Maintenance Organizations ("HMOs") and similar entities; (f) increase of per diem of Regular and Independent Directors for attendance in committee meetings from Php8,000 to Php15,000 for each committee meeting, and; (g) re-election of Mr. Medel T. Nera as Independent Director.
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person
Shareholdings in the Listed Company
Nature of Indirect Ownership
Direct
Indirect
Wilfredo C. Maldia
1
-
-
Yvonne S. Yuchengco
100
26,000
through PCD nominee
Allan R. Santos
5,000
493,000
through PCD nominee
Joli Co Wu
344,100
260,000
through PCD nominee
Nora M. Malubay
1
-
-
Jocelyn De Guzman Cabreza
1
-
-
Reginaldo Anthony B. Cariaso
50
-
-
Maria Consuelo A. Lukban
50
-
-
Antonio M. Rubin
1,000
10,000
through PCD nominee
Rafael G. Ayuste, Jr,
100,000
-
-
Medel T. Nera
1,000
-
-
Rex Maria A. Mendoza
1,000
-
-
Roberto G. Manabat
1,000
-
-
External auditor
R.G. Manabat & Co. (KPMG Philippines)
List of other material resolutions, transactions and corporate actions approved by the stockholders
The stockholders approved the (a) the minutes of the annual stockholders' meeting held on June 23, 2021; (b) the annual report of management and the audited financial statements for the year 2021; (c) ratification of the acts and resolutions of the Board, its committees and management for the year 2021 to date; (d) the appointment of R.G. Manabat & Co. (KPMG Philippines) as external auditors of the corporation for the current year; (e) amendment of the secondary purpose clause (Article ll) of the Amended Articles of Incorporation and obtain approval to allow the company to offer capacity or financial protection to Health Maintenance Organizations ("HMOs") and similar entities; (f) increase of per diem of Regular and Independent Directors for attendance in committee meetings from Php8,000 to Php15,000 for each committee meeting, and; (g) re-election of Mr. Medel T. Nera as Independent Director.
Other Relevant Information
None
Filed on behalf by:
Name
Jacqueline Michelle Dy
Designation
Vice President, Head of Risk & Compliance
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Disclaimer
National Reinsurance Corporation of the Philippines published this content on 01 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 23:22:05 UTC.
National Reinsurance Corporation of the Philippines is a Philippines-based domestic professional reinsurance company. The Company provides life and non-life reinsurance capacity to the Philippines and neighboring insurance markets. The Company caters to independent insurers and multinationals operating in the Philippines, and to (re)insurers abroad who aim to diversify their portfolios. The Company's life business helps its clients to develop new products to the new markets or new distribution. It also offers traditional reinsurance of mortality risks and morbidity risks, medical reinsurance, and coinsurance. Its non-life business offers a comprehensive range of reinsurance arrangements covering motor, property, casualty, marine, and surety. It also offers tailored solutions to help its clients manage their risks and grow their portfolio through treaty and facultative reinsurance programs, as well as provide support for the development of insurance products and services.