DISCLOSURES
JAN 24, 2011 Alphaland Corporation (“ALPHA”) responded to the Philippine Stock Exchange (the “Exchange”) regarding a news article entitled “Ongpin-led Alphaland spending P1.2B on tourism ventures” published in the January 24, 2011 issue of BusinessWorld. The accuracy of the article was confirmed but the stated amount in the news article may increase substantially due to the number of projects so specific information regarding ALPHA’s investments could not be given yet. FEB 21, 2011 ALPHA responded to the Exchange in a letter regarding a news article entitled “Alphaland allots P16B for 4 new projects” posted in philSTAR.com on February 19, 2011. The accuracy of the article was confirmed but with clarification that the correct debt-to-equity ratio of the company is 11% and not 20% as stated in the article. The correct ownership structure was also given. MAR 3, 2011 ALPHA informed the Exchange that it authorized the issuance of One Hundred Forty Seven Million Three Hundred Seventy Five Thousand Seven Hundred (147,375,700) common shares from the unissued portion of its authorized capital stock at an issue price of Ten Pesos (PhP 10.00) per share to D.M. Wenceslao & Associates, Inc. (“DMWAI”). On the same date, it also approved the issuance of Four Hundred Eight Million One Hundred Fifty Thousand Two Hundred Sixty Four (408,150,264) shares in favor of Masrickstar Corporation, Alphaland Holdings (Singapore) Pte Ltd, Boerstar Corporation and Azurestar Corporation, who are all existing shareholders of ALPHA, at the same subscription price of Ten Pesos (PhP 10.00) per share. Lastly, it approved the appointment of Ms. Marriana H. Yulo as Chief Finance Officer to replace Mr. Raul C. Pagdanganan, effective March 16, 2011.
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MAR 29, 2011
ALPHA set the Annual Meeting of the Stockholders on May 26, 2011 at 2:00 p.m. at the Tents, 6th floor, Alphaland Southgate Mall, 2258 Chino Roces Avenue corner EDSA, Makati City. The record date for stockholders who will be eligible and entitled to vote at the said meeting was set to April 12, 2011.
MAY 4, 2011
ALPHA informed the Exchange that the issuance of common shares to DMWAI resulted in changes to the capital stock structure. Outstanding shares increased to One Billion Five Hundred Seventy Five Million Seven Hundred Forty Eight Thousand One Hundred Eighty Seven (1,575,748,187).