Union Bank of Philippines : Material Information/Transactions
April 11, 2022 at 12:49 am
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SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported) Apr 8, 20222. SEC Identification Number 360733. BIR Tax Identification No. 000-508-271-0004. Exact name of issuer as specified in its charter UNION BANK OF THE PHILIPPINES5. Province, country or other jurisdiction of incorporation METRO MANILA6. Industry Classification Code(SEC Use Only) 7. Address of principal office METRO MANILAPostal Code16058. Issuer's telephone number, including area code (02) 8667-63889. Former name or former address, if changed since last report N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON
1,524,918,059
11. Indicate the item numbers reported herein ITEM 9 - OTHER EVENTS
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Union Bank of the PhilippinesUBP
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Approval of the Philippine Competition Commission of the Proposed Acquisition by UnionBank of the Citibank N.A., Philippine Branch and Citi Square Building Corporation, and shares in Citicorp Financial Services & Insurance Brokerage Philippines
Background/Description of the Disclosure
Please be informed that Union Bank of the Philippines ("UnionBank") received today, April 8, 2022, the clearance of the Philippine Competition Commission ("PCC") dated April 5, 2022, of the proposed acquisition by UnionBank of assets in Citibank N.A., Philippine Branch and Citi Square Building Corporation, and shares in Citicorp Financial Services & Insurance Brokerage Philippines, Inc. The PCC resolved to take no further action with respect to the proposed acquisition.
Further disclosures will be made as warranted.
Other Relevant Information
The disclosure is being amended to clarify that the PCC approval is just one of several regulatory approvals required for the transaction.
Filed on behalf by:
Name
Joselito Banaag
Designation
Senior Vice President, General Counsel and Corporate Secretary
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Union Bank of the Philippines Inc. published this content on 11 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2022 04:48:04 UTC.
Union Bank of the Philippines (the Bank) offers a range of commercial banking products and services, such as loans and deposits, cash management, retail banking, foreign exchange, capital markets, corporate and consumer finance, investment management and trust banking. The Banks's segments include Consumer Banking, which handles individual customers? deposits and provides consumer type loans, such as automobiles and mortgage financing, credit card facilities and funds transfer facilities; Corporate and Commercial Banking segment, which handles loans and other credit facilities and deposit and current accounts for corporate, institutional, small and medium enterprises, and middle market customers, and Treasury and Trust segment, which is responsible for managing the Bank's liquidity and funding requirements, and handling transactions in the financial markets covering foreign exchange, fixed income trading and investments, and derivatives.