Bank of Commerce Special Stockholders’ Meeting

Bank of Commerce convenes Special Stockholders’ Meeting. Bank of Commerce, an affiliate of San Miguel Corporation (SMC), recently held a Special Stockholders’ Meeting last August 27, 2019 at the Executive Dining Room (EDR) of San Miguel Head Office Complex, to obtain Stockholders’ approval in order to reclassify unissued Preferred Shares and some Common Shares to New Class “B” Preferred shares with par value of Php100.00 per share. The Special Stockholders’ Meeting is in line with the efforts of the Bank to raise capital in support of its goal to upgrade to a universal bank enabling the Bank to offer all-encompassing services and facilities in retail, wholesale and investment banking. The meeting was attended by current Board of Directors and Advisers, Senior Executive Team, senior officers, and stockholders of the Bank. The Special Stockholders’ Meeting concluded with the commitment from the Board to continue with excellent client service and make significant initiatives for the visible improvement in the Bank’s fiscal performance.