Sec Form 20-Is
Total Page:16
File Type:pdf, Size:1020Kb
COVER SHEET 0 0 0 0 0 2 9 3 1 6 S.E.C. Registration Number R O B I N S O N S B A N K C O R P O R A T I O N (Company’s Full Name) 1 7 T H F L R G A L L E R I A C O R P O R A T E C E N T E R E D S A C O R O R T I G A S Q C (Business Address: No. Street City/Town/Province) RHORY F. GO 8702-9500 Contact Person Company Telephone Number 1 2 3 1 20 - IS 0 6 Last Wednesday Month Day Form Type Month Day (Fiscal Year) (Annual Meeting) NONE Secondary License Type, If Applicable Corporate Finance Department Dept. Requiring this Doc. Amended Articles Number/Section Total Amount of Borrowings 15 Total No. of Stockholders Domestic Foreign ----------------------------------------------------------------------------------------------------------------------------------- To be accomplished by SEC Personal concerned File Number LCU Document I.D. Cashier Stamp Remarks: Please use BLACK ink for scanning purpose EXPLANATION OF AGENDA ITEMS FOR STOCKHOLDERS’ MEETING – JUNE 23, 2021 1. Call to Order including the ratification of related party transactions, will be presented to the Mr. Lance Y. Gokongwei, the Chairman of stockholders for their approval and the Board, will be the one to call the ratification. meeting in order. 2. Proof of Due Notice of Meeting Atty. Roel S. Costuna, the Corporate Secretary, will certify the date when the 7. Election of the Board of Directors for the written notice with the corresponding Ensuing Term (2021-2022) statement were sent to the stockholders of record as of May 27, 2021. He will further The Chairman will present the nominees certify that all the necessary disclosures for election as members of the Board of and filings such the Information Statement Directors, including the independent were complied with in accordance with the directors. The list of the nominees and Securities Regulation Code and its their profiles will be included in the implementing rules for the conduct of Information Statement to be sent to the stockholders’ meeting. stockholders before the date of the meeting. 3. Proof of Presence of Quorum 8. Appointment of External Auditor Atty. Roel S. Costuna will further certify if a quorum is present for the validity of the The stockholders will be asked to ratify the transaction of the Bank’s Annual selection by the Audit Committee and Stockholders’ Meeting. The holders of Board of the Bank’s external auditors. record of a majority of the outstanding 9. Other Matters capital stock of the Bank, entitled to vote, represented in person or by proxy, shall Delegation to the Board of Directors of the constitute a quorum for the transaction of authority to amend the Bank’s By-Laws in business. order to comply with government regulatory issuances and to adopt best 4. Confirmation of the Minutes of the Annual corporate governance practices. Stockholders’ Meeting on June 24, 2020 All matters that may arise after the notice, Stockholders will be asked to approve the agenda, and after the Bank’s information minutes of the Annual Stockholders’ statement have been sent out may be Meeting held last June 24, 2020. presented for the consideration of the 5. Report of President and Management stockholders. Other businesses as may properly come before the meeting may Stockholders will be provided with also be raised and discussed. information about the Bank’s activities, business and financial performance, and 10. Adjournment other relevant data for the preceding year. The Chairman will adjourn the meeting The stockholders will be provided with when the scheduled order of business is copies of the annual report and audited completed and no further business or financial statement before the start of the matter is considered or raised. meeting. 6. Approval and Ratification of All Acts and Resolutions of Board of Directors, Board Level Committees, and the Management for 2020 All acts of the Board of Directors, Executive Committee, other Committees and Management during the year 2020, SEC FORM 20-IS INFORMATION STATEMENT PURSUANT TO SECTION 20 OF THE SECURITIES REGULATION CODE 1. Check the appropriate box: X Preliminary Information Statement Definitive Information Statement 2. Name of Registrant as specified in its Charter: ROBINSONS BANK CORPORATION Doing business under the names and styles of RBank, RBC, Robinsons Bank, RobinsonsBank, Robinsons Bank Corp., RBank Corporation, RobinsonsBankCorp, Robinsons Commercial Bank. 3. Province, country and other jurisdiction or incorporation or organization: Philippines 4. SEC Identification Number: 0000029316 5. BIR Tax Identification Code: 000-437-913-000 6. Address of the Principal Office: 17th Floor, Galleria Corporate Center, EDSA corner Ortigas Avenue, Quezon City Postal Code: 1110 7. Registrant’s telephone number, including area code: (632) 702-9500 8. Date, time and place of the meeting of security holders: June 23, 2021 (Wednesday), 1:00 PM, 42nd Floor, Board Room of Robinsons-Equitable Tower, ADB Avenue corner Poveda Road, Ortigas Center, Pasig City, Metro Manila, through virtual or remote communication using Microsoft Teams. 9. Approximate date of which the Information Statement is to be first sent or given to security holders: May 28, 2021 10. In case of Proxy Solicitations: Name of the Person Filing the Statement/Solicitor: Not applicable Address and Telephone Number: Not applicable 11. Securities registered pursuant to Sections 8 and 12 of the SRC, or Sec. 4 and 8 of the RSA. None. However, on June 16, 2017, Robinsons Bank Corporation (“Bank”) issued exempt securities in the form of Long-Term Negotiable Certificates of Deposits (LTNCDs) amounting to Php4,182,320,000.00. The following year, on July 16, 2018, the Bank issued another tranche of LTNCDS in the aggregate amount of Php1,781,750,000.00. On August 13, 2019, the Bank also issued a 5.125% Peso-denominated Fixed Rate Bonds due on 2021 for the principal amount of Php5,000,000,000.00. Later, on November 14, 2019, the Bank again issued a 4.300% Peso-denominated Fixed Rate Bonds due 2021 covering the principal amount of Php5,000,000,000.00. All issues (LTNCDs and Bonds) were listed with Philippine Dealing & Exchange Corp. (PDEx). The LTNCDs and Bonds issued by the Bank were exempt securities pursuant to Section 9 (e) of the SRC. 12. Are any or all of these securities listed on a Stock Exchange? Yes [ ] No [ x ] If yes, state the name of such stock exchange and the classes of securities listed therein: ___________________________ _________________________ Part I. INFORMATION REQUIRED IN INFORMATION STATEMENT A. General Information Item 1. Date, time and place of meeting of security holders. a. Date: June 23, 2021 Time: 1:00 PM Place: 42nd Floor, Board Room of Robinsons-Equitable Tower, ADB Avenue corner Poveda Road, Ortigas Center, Pasig City, Metro Manila, to be conducted virtual or remote communication using Microsoft Teams. Registrant’s Mailing Address: 17th Floor, Galleria Corporate Center, EDSA corner Ortigas Avenue, Quezon City. b. Approximate date on which the information statement is first to be sent or given to security holders: May 28, 2021. WE ARE NOT ASKING FOR A PROXY AND YOU ARE NOT REQUESTED TO SEND US A PROXY Item 2. Dissenters' Right of Appraisal The agenda of the stockholders’ meeting does not include matters or corporate actions that will or may give rise to the exercise of the appraisal right of the stockholders of the Bank under Section 80 of the Revised Corporation Code of the Philippines. Item 3. Interest of Certain Persons in or Opposition to Matters to be Acted Upon a. No existing director, officer, nominee for election as a director, nor associate of any of the foregoing persons has any substantial interest, direct or indirect, by security holdings or otherwise, in any matter to be acted upon other than election to office. b. No director has informed the Bank in writing of his/her intention to oppose any action to be taken by the Bank at the meeting. B. CONTROL AND COMPENSATION INFORMATION Item 4. Voting Securities and Principal Holders Thereof a. Class of Voting Securities Class Common Shares Number of Shares Outstanding as of 1,500,000,000 Shares March 31, 2021 Number of Votes Entitled One (1) Vote per share. b. Record Date 2 Stockholders of record as of May 27, 2021 shall be entitled to vote in the Annual Stockholders’ Meeting. c. Security Ownership of Certain Record and Beneficial Owners and Management i. Holders During the Special Stockholders’ Meeting held last August 23, 2018, the stockholders of the Bank ratified the proposed increase of its Authorized Capital Stock from Php15.00 billion to Php27.00 billion divided into 2,700,000,000 common shares at Php10.00 par value per share, or a net increase of Php12.00 billion divided into 1,200,000,000 common shares at Php10.00 par value per share. The proposal was previously approved by the Bank’s Board of Directors in its regular meeting held on June 27, 2018. In compliance with Section 37 of the Revised Corporation Code (the “25% and 25%” requirement), out of the net increase of 1,200,000,000 common shares, 300,000,000 common shares had been subscribed and fully paid by the major stockholders of the Bank (JG Summit Capital Services Corp. and Robinsons Retail Holdings Inc.), equivalent to Php 3.00 billion. On July 16, 2018, JG Summit Capital Services Corp. has remitted to the Bank the amount of Php1,800,000,000.00 as deposit for the stock subscription of 180,000,000 common shares at Php10.00 par value per share. Likewise, on July 16, 2018, Robinsons Retail Holdings Inc.