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Basic Energy Corporation

Basic Energy Corporation is a publicly listed holding company in the Philippines, with business interests in various fields of renewable energy and alternative fuels, and oil and gas exploration and development.

50 years since the company was established, Basic Energy has undergone a dramatic transformation from an operating company into a holding company. Aligned with its primary purpose of developing alternative and renewable energy sources, the company changed its corporate name to Basic Energy Corporation from Basic Petroleum Corporation in 2007.

Basic Energy continues to fuel the Philippines’ vibrant energy sector with the breadth and depth of its projects and technical knowledge. The Company aims to be the leading developer of alternative and renewable energy, oil and allied products and services in the country.

Annual Stockholders’ Meeting 2020

Date: October 23, 2020

Time: 3:00 p.m.

Venue: via Remote Communication

Agenda:

1. Call to Order
2. Certification of Due Notice of Meeting and Existence of Quorum
3. Approval of Minutes of the Annual Stockholders’ Meeting held on October 23, 2019
4. Presentation of the 2019 Annual Report
5. Presentation of the 2019 Audited Consolidated Financial Statements
6. Ratification of All Acts of the Board and Management for 2019-2020
7. Election of Directors for the Term 2020-2021
8. Proposed Amendments to Amended Articles of Incorporation and Amended By-Laws:
      a. Article Seventh of the Amended Articles of Incorporation to increase the authorized capital stock from Php2.5 Billion to Php5 Billion,
      b. Article II of the Amended By-Laws by adding a new section as Section 10 creating the position of Chairman Emeritus, and
      c. Article VI of the Amended By-Laws by deleting the profit-sharing provisions for directors and officers
9. Appointment of External Auditors for the 2019 Financial Statements
10. Other Matters
11. Adjournment

***REGISTRATION FOR ASM 2020 IS NOW OFFICIALY CLOSE***

 

Latest News

Basic Energy stockholders okay hike in authorized capital to P5B

BASIC ENERGY Corp. (BSC) is doubling its authorized capital stock to P5 billion from P2.5 billion. In a disclosure to the stock exchange on Monday, the company said its stockholders had approved the increase in its authorized capital stock to P5 billion. The capital stock will comprise 20 billion shares with a par value of…

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Annual Stockholders’ Meeting 2020 Date: October 23, 2020 Time: 3:00 p.m. Venue: via Remote Communication Agenda: 1. Call to Order2. Certification of Due Notice of Meeting and Existence of Quorum3. Approval of Minutes of the Annual Stockholders’ Meeting held on October 23, 20194. Presentation of the 2019 Annual Report5. Presentation of the 2019 Audited Consolidated…

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