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Benguet Corporation: Annual Stockholders’ Meeting

Logo: Benguet Corporation

BENGUET CORPORATION
7th Flr. Universal–Re Building
106 Paseo de Roxas, 1226 Makati City

ANNOUNCEMENT

Notice is hereby given that the Annual Stockholders’ Meeting of Benguet Corporation will be held on Wednesday, November 9, 2022 at 3 o’clock p.m. at the Company’s Board Room, 7th Floor Universal Re Building. 106 Paseo de Roxas, 1226 Makati City, Philippines.

The Company will not hold a physical meeting, but will conduct the ASM virtually via online/remote communications.

The agenda of the meeting provides, among others:

  1. Approval of Minutes of the annual stockholders’ meeting held on November 10, 2021;
  2. Approval of Management Report and Audited Financial Statements for 2021;
  3. Approval of the extension of term/retention of Mr. Bernardo M. Villegas as Independent Director;
  4. Approval of extension of termination date for granting of stock option to eight (8) years or until May 31, 2031 and the corresponding amendment to paragraph 11 of the Company’s Amended Stock Option Plan;
  5. Approval of re-appointment of Sycip Gorres Velayo and Company (SGV) as the Company’s independent external auditor;
  6. Ratification of all acts, contracts, investments, resolutions and proceedings made and entered into by Management and/or the Board of Directors during the period from November 10, 2021 until the date of the 2022 Annual Stockholders’ meeting;
  7. Election of eleven (11) shareholders to serve as Directors (including Independent Directors) for the ensuing year, in case the Temporary Restraining Order (TRO) of the Philippine Supreme Court is lifted on or before the stated Annual Stockholders’ Meeting on November 9, 2022 or within 90 days thereafter;
  8. Such other matters as may properly come before the meeting and which are not known to management beforehand at a reasonable time, including to adjourn the meeting for up to ninety (90) days from November 9, 2022 if the election of directors is enjoined as of the meeting date.

Stockholders intending to participate in the meeting via remote communication and exercise their right to vote in absentia should first register and be authorized on or before November 3, 2022 thru Company’s website http://benguetcorp.com/investor-relations/. Stockholders should submit a scanned copy of a valid government-issued identification card (ID) for registration and verification purposes. Indirect stockholders should submit their broker’s certification of shareholding. Stockholders whose registration are validated will receive an email containing the meeting ID and password. Stockholders who cannot attend by remote communication can still be represented and vote at the meeting by submitting a proxy. A copy of the proxy form containing instruction on each item on the Agenda that requires stockholders vote is downloadable in the Company’s website www.benguetcorp.com.

The Information Statement (SEC Form 20-IS) with the Management Report and other pertinent documents, the Annual Report 2021 (SEC Form 17-A), and the 2022 Second Quarter Report (SEC Form 17Q) as filed with the SEC and PSE are available for downloading at the Company’s website www.benguetcorp.com and in the online system of PSE Edge Portal https://edge.pse.com.ph.

By authority of the Board of Directors

(Sgd.) HERMOGENE H. REAL
Corporate Secretary

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