PBCom cites inaccurate ownership stake of ISM

MANILA, Philippines — Last Dec. 11 , 2019, The STAR published an article titled “Dennis Uy expanding into entertainment, media businesses,” written by Iris Gonzales. The said article is also available online, accessible using the link below:

https://www.philstar.com/business/2019/12/11/1976114/dennis-uy-expandingentertainment-media-businesses.

We note that in the said article, the author stated that ISM Communication Inc. owns a 37.1 percent stake in Philippine Bank of Communications (PBCom). We wish to point out that the article contains misleading and inaccurate data.

As of date, the shareholding of ISM in PBCom is only at one percent or equivalent to 4,806,987 shares, out of the total issued and outstanding shares of PBCom.

This data is in line with PBCom’s latest PSE Disclosure Form 17-12 – List of Top 100 Stockholders dated Sept. 30. Please be informed that this document was disclosed last Oct. 7, 2019 and is available to the public thru the PSE EDGE website.

We implore you to correct the said article as soon as practicable and to take extra steps to make certain that, moving forward, the publishing of any data relating to PBCom will be validated and confirmed, before being published for the consumption of the general public to avoid spreading of false news.

We trust that you will treat this matter with due importance and utmost urgency.

Very truly yours,

Philippine Bank Of Communications