An heir or representative may email the Office of the Corporate Secretary (“OCS”) at its official email address ([email protected]) and provide details about the relevant shares. The account must be created under the name of the shareholder or shareholders named on the stock certificate. Therefore, if the spouses' names appear on the stock certificate, the account should include both names as they appear on the certificate. For voting purposes, however, please provide proof that the estate(s) of the deceased spouse(s) has/have been settled, along with a special power of attorney executed by the heirs in favor of the person who will attend and vote at the special stockholders’ meeting. The OCS will acknowledge and confirm validation of the request via return email.
Once the dissolution of ULCI is approved by the required vote at the special stockholders’ meeting, the board of directors will proceed to sell all its properties and distribute the proceeds to the stockholders of record. The developer, Universal Leisure Corp., will return the dividends due to its 3,795 shares to the 2,068 holders of secondary shares. The expected amount that each holder of secondary shares will receive is projected in the Management Report posted at universalleisureclub.com.
Only stockholders of record have access to this information. If you are a stockholder and wish to verify the status of your shares, please email a request to verify your account to [email protected]. Provide as much information as possible about the share to expedite the process, along with relevant identification documents (“IDs”) and/or authority. The OCS will acknowledge receipt of your email and provide the relevant information and assistance via return email.
If you have fully paid for a share and wish to verify the status of your shares, please email a request to verify your account to [email protected]. Provide as much information as possible about the share to expedite the process, along with relevant IDs and/or authority. The OCS will acknowledge receipt of your email and provide the relevant information and assistance via return email.
Kindly refer to Section 72 of the Revised Corporation Code for the procedure on lost or destroyed stock certificates, which expressly provides as follows:
Section 72. Lost or Destroyed Certificates. The following procedure shall be followed by a corporation in issuing new certificates of stock in lieu of those which have been lost, stolen, or destroyed:
The registered owner of a certificate of stock in a corporation or such person’s legal representative shall file with the corporation an affidavit in triplicate setting forth, if possible, the circumstances as to how the certificate was lost, stolen, or destroyed, the number of shares represented by such certificate, the serial number of the certificate and the name of the corporation which issued the same. The owner of such certificate of stock shall also submit such other information and evidence as may be deemed necessary; and
After verifying the affidavit and other information and evidence with the books of the corporation shall publish a notice in a newspaper of general circulation in the place where the corporation has its principal office, once a week for three (3) consecutive weeks at the expense of the registered owner of the certificate of stock which has been lost, stolen, or destroyed. The notice shall state the name of the corporation, the name of the registered owner, the serial number of the certificate, the number of shares represented by such certificate, and shall state that after the expiration of one (1) year from the date of the last publication, if no contest has been presented to the corporation regarding the certificate of stock, the right to make such contest shall be barred and the corporation shall cancel the lost, destroyed, or stolen certificate of stock. In lieu thereof, the corporation shall issue a new certificate of stock, unless the registered owner files a bond or other security as may be required, effective for a period of one (1) year, for such amount and in such form and with such sureties as may be satisfactory to the board of directors, in which case a new certificate may be issued even before the expiration of one (1) year period provided herein. If a contest has been presented to the corporation or if an action is pending in court regarding the ownership of the certificate of stock which has been lost, stolen or destroyed, the issuance of a new certificate in lieu thereof shall be suspended until the court renders a final decision regarding the ownership of the certificate of stock which has been lost, stolen or destroyed.
Except in case of fraud, bad faith, or negligence on the part of the corporation and its officers, no action may be brought against any corporation which shall have issued certificate of stock in lieu of those lost, stolen, or destroyed pursuant to the procedure above-described.
The estate of the deceased, including shares of stock in ULCI, should be settled first and applicable taxes paid. Once this is done, kindly provide us with the relevant Certificate of Authority to Register (CAR), which shall be the basis for us to transfer the stockholdings from the deceased parents’ name to their heirs. Kindly consult a lawyer for settlement of estate purposes.
No, the inspection of ULCI’s Stock and Transfer Book is reserved exclusively for stockholders of record. However, verification of the stockholder’s name and stock certificate number may be accommodated. If you have paid for shares and wish to verify their status, the stockholder or authorized representative may email a request to [email protected]. Please provide as much information as possible about the shares to expedite the process, along with relevant IDs and/or authority. The OCS will acknowledge receipt of your email and provide the relevant information and assistance via return email.
Under the Revised Corporation Code, ULCI may not refund your shares of stock without a lawful dissolution, liquidation of its assets, and payment of its liabilities. However, as you know, ULCI has scheduled a Special Stockholders Meeting in October 2024 to seek stockholder approval to dissolve the corporation, liquidate its assets, and return the proceeds to stockholders of record. Only after the liquidation process will you be able to receive what is due to you in the form of a liquidating dividend.
Please refer to the downloadable Rules of Procedure at universalleisureclub.com. For the stockholders residing abroad, please download and accomplish the Ballot Form, enclose it in a sealed envelope, which you will have to provide, and label the envelope “BALLOT.” For registration purposes, please place copies of two (2) Philippine government-issued identification documents bearing your signature in a separate sealed envelope labeled “DOCUMENTARY REQUIREMENTS FOR VOTING.” Mail us the completed envelopes. Upon receipt, we will take a photo of the envelopes before dropping the ballot envelope in the ballot box on your behalf and will email the photo/s to you.
After signing up on the Club’s website, stockholders will have access to the Rules of Procedure which contains detailed instructions on how to vote in the Special Stockholders Meeting in October 2024. The document spells out what need to be submitted to be able to vote. Submission of the proper voting requirements on time automatically registers the stockholder to the meeting. The website also contains the important dates to remember for the meeting.
Stockholders can rest assured that they will be notified of the steps for claiming their proportionate share of the proceeds after the dissolution of the Club is approved in the October 2024 Special Stockholders’ Meeting.
All holders of outstanding capital stock shall be included in the eventual distribution of dividends upon liquidation of the Club's assets irrespective of whether or not the stockholder/s participated in the recently-concluded special stockholders meeting.
Total issued and outstanding shares comprise of ULCorp shares and the shares it sold to the secondary market (herein referred to as secondary shares). All issued and outstanding shares shall receive equal share of the dividends upon dissolution and liquidation of the Club. Thereafter, ULCorp will return its share to the holders of secondary shares.
Since the required number of shareholders voted to dissolve and liquidate the Club, the Club will now proceed to apply for it's formal dissolution before the SEC. All stockholders shall be informed of relevant developments as a matter of course.