Pal Holdings, Inc.PSE: PAL

Results of Annual or Special Stockholders' Meeting

· Issued by PAL Holdings, Inc.
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) Nov 25, 20212. SEC Identification Number PW-943. BIR Tax Identification No. 000-707-9224. Exact name of issuer as specified in its charter PAL Holdings, Inc.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 8th Floor, PNB Financial Center, President Diosdado Macapagal Ave., CCP Complex, Pasay CityPostal Code13078. Issuer's telephone number, including area code (02) 8810-24519. 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 11,610,978,242
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.

PAL Holdings, Inc.PAL PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure

Results of Annual Stockholders' Meeting

Background/Description of the Disclosure

We wish to advise the Exchange that at the Annual Stockholders' Meeting of PAL Holdings, Inc. held today, November 25, 2021, the following were approved by the stockholders of the Company:

List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Lucio C. Tan 450 - -
Carmen K. Tan 450 - -
Lucio C. Tan III 450 - -
Sheila T. Pascual 100 - -
Gilbert Gabriel F. Santa Maria 1 - -
Junichiro Miyagawa 1 - -
Johnip G. Cua 225 - -
Bienvenido E. Laguesma 100 - -
Jerome S. Tan 100 - -
External auditor Sycip Gorres Velayo & Co. (SGV & Co.)
List of other material resolutions, transactions and corporate actions approved by the stockholders

1. Approved the Minutes of the previous Meeting held on 23 July 2020;

2. Approved the Management Report For The Year 2020;

3. Confirmed and Ratified All Acts and Resolutions of the Board of Directors and Management since the 2020 Annual Stockholders' Meeting;

4. Approved the Increase in Authorized Capital Stock from Thirteen Billion Five Hundred Million Pesos (P13,500,000,000.00) to Thirty Billion Pesos (P30,000,000,000.00) and Amendment of Article Seventh of the Amended Articles of Incorporation

5. Approved the Issuance of Ten Billion Two Hundred Million (10,200,000,000) Shares by Private Placement to Buona Sorte Holdings, Inc.

6. Approved the Waiver of the Requirement of the Philippine Stock Exchange to Conduct Public Offering for the Issuance of Ten Billion Two Hundred Million (10,200,000,000) New Shares to A Related Party

Other Relevant Information

None.

Filed on behalf by:
Name Ma. Cecilia Pesayco
Designation Corporate Secretary