March 20, 2000
PSE CIRCULAR FOR BROKERS NO. 706-00
| TO | : | MS. GRACE DE GUIA |
| PHILIPPINE STOCK EXCHANGE | ||
| DISCLOSURE DEPARTMENT | ||
| FAX NO. | : | 636-08-09 |
| FROM | : | GRACE Q. BAY |
| CENTRO ESCOLAR UNIVERSITY | ||
| FAX NO. | : | 735-59-91 |
| DATE | : | 17 MARCH 2000 |
Please be advised that in the Special Stockholders Meeting of Centro Escolar University held today, March 17, 2000, at 3:30 p.m., the following acts were unanimously approved by the stockholders:
1. Amendment of Article VI of the Articles of Incorporation to increase the number of directors from seven (7) to nine (9);
2. Amendment of Article VII of the Articles of Incorporation to abolish Preferred and Class B Common Stock and to change the par value of Class A Common Stock from PhP100.00/share to PhP1.00/share. cITAaD
The stockholders also ratified/confirmed the appointment of Sycip Gorres Velayo & Co., as external auditor.
(SGD.) GRACE Q. BAY
