Belle Corp.PSE: BEL

Share Buy-Back Transactions

· MarketScreener
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) Feb 4, 20222. SEC Identification Number 524123. BIR Tax Identification No. 000-156-011-0004. Exact name of issuer as specified in its charter Belle Corporation5. Province, country or other jurisdiction of incorporation Metro Manila6. Industry Classification Code(SEC Use Only) 7. Address of principal office Two ECom Center, Palm Coast Avenue, MOA Complex, Pasay CityPostal Code13008. Issuer's telephone number, including area code (632) 866288889. Former name or former address, if changed since last report not applicable10. 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 9,763,127,297
11. Indicate the item numbers reported herein Item 9

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.

Belle CorporationBEL PSE Disclosure Form 9-1 - Share Buy-Back Transactions References: Section 9 of the Revised Disclosure Rules
Subject of the Disclosure

Belle Share Buyback Transaction

Background/Description of the Disclosure

Further to the Share Buy-Back Program of BELLE CORPORATION (the "Corporation"), which authorizes the Corporation to buy from the market the Corporation's shares up to an aggregate value of Three Billion Pesos (Php3,000,000,000.00), please be informed that the Corporation has repurchased from the market today a total of Sixty-Six Million Six Hundred Sixty-Three Thousand (66,663,000) Belle Common Shares at Php1.33/share, or a total cost amounting to Eighty-Eight Million Six Hundred Sixty-One Thousand Seven Hundred Ninety Pesos (Php88,661,790.00).

The Board of Directors approved the Corporation's Share Buy-back Program on January 27, 2015. The said Program was expanded on August 9, 2018 by increasing the maximum aggregate value of the shares that can be re-acquired from One Billion Pesos (Php1,000,000,000.00) to Three Billion Pesos (Php3,000,000,000.00). The implementation of the expanded Share Buy-back Program will continue to be subject to regulatory compliances.

Type of Securities

  • Common
  • Preferrednot applicable
  • Othersnot applicable
Details of Share Buy-Back Transaction(s)
Date of Transaction Number of Shares Purchased Price Per Share
Feb 4, 2022 66,663,000 1.33
66,663,000
Effects on Number of Shares
Before After
Outstanding Shares 9,763,127,297 9,696,464,297
Treasury Shares 797,872,560 864,535,560
Cumulative Number of Shares Purchased to Date 1 864,536,560
Total Amount Appropriated for the Buy-Back Program Php3,000,000,000.00
Total Amount of Shares Repurchased Php2,565,362,010.05
Other Relevant Information

This amendment contains the date of the approval by the Board of Directors of the Corporation's Share Buy-Back Program.

1 From the date when the share buy-back program commenced.

Filed on behalf by:
Name Michelle Angeli Hernandez
Designation Chief Risk Officer and Vice President for Governance