Post by
rockingrooster on May 31, 2024 5:02pm
This explains the runaround I was getting re IPO plans!
The Corporation was advised by Mr. James of his intention to not stand for re-election as a director of the Corporation and by Messrs. James and Hanna of their intention to resign from their roles as Chairman, President and Chief Executive Officer and Chief Financial Officer of the Corporation, respectively, in connection with the upcoming retirement of the incumbent Board. In connection with the foregoing resignations, it is expected that following the Meeting, the elected Board will consider and if deemed advisable, appoint Manuel Paolo A. Villar and Lolot Manigsaca as replacement Chairman, President and Chief Executive Officer and Chief Financial Officer of the Corporation, respectively. The Corporation will disseminate a formal announcement upon the resignations of each of Messrs. James and Hanna.