AMENDED RULES GOVERNING PRE-EMPTIVE AND OTHER SUBSCRIPTION RIGHTS AND DECLARATION OF STOCK AND CASH DIVIDENDS OF CORPORATIONS WHOSE SECURITIES ARE REGISTERED UNDER THE REVISED S…
the amendment of Section 3 of the subject Rules so that the said Section
shall now read as follows:
“SECTION 3. All cash dividends declared by corporations shall have a
record date which shall not be less than ten (10) nor more than thirty
(30) days from said declaration. In case no record date is specified,
then the same shall ipso facto be deemed fixed at fifteen (15) days from
such declaration.Provided, however, that companies that are obliged to pay
dividends may have a single declaration for several cash dividends
within a year subject to the condition that their record and payment
dates are also explicitly provided,. (emphasis supplied)”Effectivity
This amendment shall take effect fifteen (15) days after
publication in two (2) newspapers of general circulation in the
Philippines.
Adopted: 17 Apr. 2009
(SGD.) FE B. BARIN
Chairman
[1] Now Securities Code (SRC) R.A. 8799.