San Miguel Food and Beverage, Inc.

Published June 2, 2020, 12:00 AM

by manilabulletin_admin

Due to CoVID-19 health concerns, San Miguel Food and Beverage, Inc. will conduct its 2020 Annual Stockholders’ Meeting through teleconferencing. Stockholders can attend the meeting by remote communication and vote by ballot or proxy. For more details, please visit www.smfb.com.ph.

The Annual Meeting of the Stockholders of San Miguel Food and Beverage, Inc. will be held on June 24,2020, Wednesday, at 2:00 p.m. The meeting will be conducted virtually and streamed live through https://www.smfb.com.ph/stockholdersmeeting_2020.

The Agenda of the meeting is as follows:

1. Certification of Notice and Quorum
2. Approval of the Minutes of the Annual Stockholders’ Meeting held on June 5, 2019
3. Presentation of the Annual Report and Approval of the 2019 Audited Financial Statements
4. Ratification of Acts and Proceedings of the Board of Directors and Corporate Officers
5. Appointment of External Auditor for 2020
6. Election of the Board of Directors
7. Other Matters
8. Adjournment

The full version of the Company’s Definitive Information Statement (SEC Form 20-IS or DIS) with its annexes, including Management’s Discussion and Analysis of Financial Position and Financial Performance and 2019 Audited Consolidated Financial Statements, as well as its interim unaudited financial statements for the quarter ended March 31, 2020 and Management’s Discussion and Analysis of the results of operations and financial condition as of March 31, 2020 under SEC Form 17-Q, may be accessed through http://www.smfb.com.ph/disclosures/l/information statements–sec-form-20-is-, as well as at PSE Edge.

The rationale and explanation of each relevant Agenda item requiring shareholder approval may be found in Appendix 1of the Notice attached to the DIS. A draft of the minutes of the annual stockholders’ meeting for approval, as well as acts and resolutions of the Board of Directors from June 5, 2019, may likewise be found in the DIS.Questions and comments must be submitted either in advance or during the meeting by email to [email protected]

Votes will be cast through ballots or proxies. The deadline for submission of ballots and proxies is on June 9, 2020. A sample of a ballot/proxy is available for download at http://www.smfb.com.ph/disclosures/l/notice-of-annual-and-special-stockholders–meetings. For an individual, your ballot or proxy must be accompanied by a valid government-issued ID with a photo. For a corporation, your proxy must be accompanied by a Corporate Secretary’s certification setting the representative’s authority to represent the corporation in the meeting. Ballots and proxies may be sent through email at [email protected] or by mail to the office of SMC Stock Transfer Service Corporation at the 2nd Floor, SMC Head Office Complex, 40 San Miguel Avenue, Mandaluyong City 1550.

Proxies need not be notarized. Validation of proxies will be on June 17, 2020 at 10:00 a.m. at the above office of SMC Stock Transfer Service Corporation. Only the stockholders attending through proxies or who have submitted ballots, all of whom have been validated to be stockholders of record of the Company as of May 26, 2020 will be considered in computing stockholder attendance at the meeting and in determining quorum.

The Company’s 2019 Annual Report (SEC Form 17-A) is available for download at http://www.smfb.com.ph/disclosures/l/annual-reports–sec-form-17-a-, as well as at PSE Edge. Upon the written request of a stockholder, the Company will provide the stockholder a copy of such Annual Report and/or DIS with the 2020 first quarter report, free of charge.

 
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