IDC Holds Stockholders’ Meeting 2017

Italpinas Development Corporation (IDC) held its annual stockholders’ meeting at the Manila Polo Club, Makati, last May 31, 2017. It was well-attended by the company’s shareholders, officers, and board of directors.

The following are among the approved resolutions during the meeting:

  • The approval of the resolution to increase the company’s number of directors from seven to eight.

  • The re-appoinment of BDO Alba Romeo and Co. CPAs as the company’s external auditors.

  • The approval to create a stock option plan for its employees amounting to up to 5% of the authorized capital stock of the corporation.

  • The increase of the company’s authorized capital stock from Philippine Pesos: P177,993,600.00 consisting of 355,987,200 shares of stock with a par value of P0.50 per share to Philippine Pesos: P337,993,600.00 consisting of 755,987,200 shares of stock with a par value of P0.50.

  • The declaration of 100,000,000 shares as stock dividends of the corporation.

IDC’s board of directors consists of Chairman and Chief Executive Officer Architect Romolo Nati, Director and President Atty. Jose D. Leviste, III, Januario Jesus Gregorio III B. Atencio, Andresito Araneta Aguila, Atty.Shennan Sy, Jose Araullo, and Rafael Andrews Dominguez.

With the corporation’s resolution to increase the number of directors, Atty. Christine P. Base, and Atty. Jose Fidel R. Acuna were elected in addition to the company’s board.

IDC is a dynamic Italian-Filipino developer focused in sustainable property design and development in emerging cities across the Philippines.
Learn more at www.italpinas.com.

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Italpinas Development Corporation ™
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Phone: +63 2 8893 0328
support@italpinas.com

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28th Floor Unit 28C, BPI
Philam-Life Building
6811 Ayala Ave, Makati City
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This material and this presentation have been provided by IDC Development Corporation and is a general background on IDC current activities at the date of this presentation. The information is given in summary and does not purport to be complete. This presentation may contain forward-looking statements, including statements regarding our intent, belief or current expectation with respect to IDC businesses and operations, market conditions, and anticipated results of operation. IDC does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after date hereof to reflect the occurrence of unanticipated events. While due care has been used in preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts any hypothetically examples are subject to uncertainty and contingencies outside IDC’s control.