[Blueboard] AMPC Announcement re Dividends and Rebates - 08 March 2008

AMPC ampc at admu.edu.ph
Wed Feb 27 08:49:12 PHT 2008


    AMPC GENERAL ASSEMBLY
    Date:         Saturday, 08 March 2008
    Venue:      AMPC Dining Area 
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    PROGRAM 

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    8 am-12 noon            REGISTRATION
    12 noon                    BLESSING OF FOOD
                                    LUNCH
                                    ELECTION
                                    BUSINESS MEETING
                                              ·   Call of Meeting to Order
                                              ·   Proof of Due Notice
                                              ·   Certification of Quorum
                                              ·   Consideration of the Minutes of 2007 General Assembly
                                              ·   Chair's Report
                                              ·   Treasurer's Report and Report on Audited Statements of Financial Condition and Operation
                                              ·   Discussion/acceptance of Reports
                                     ELECTION RESULTS
                                     ADJOURNMENT
                                      Distribution of Dividends and Patronage Rebates 

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    1.   ALL AMPC MEMBERS ARE INVITED 
           However, non-AMPC members, spouses and children of AMPC members may NOT join any of the General Assembly activities
     
    2.    EARLY REGISTRATION AND VOTING
            Some members (for example, workers who work in Makati) may not be able to attend the GA. They will be allowed to register and vote before the GA provided they submit a Certification from 
            their supervisor stating that they have to work on March 8 and cannot be present during the GA.
     
    3.   ELECTION
          All ballots must be dropped in the ballot box by 1 pm.
     
    4.  RAFFLE
         - Only AMPC members who have registered and are present during the GA raffle may claim their prizes. If they are not registered, they will not be qualified to win the raffle.
         - AMPC members who have to leave the GA because they have to work must SUBMIT a Certification from their Supervisor stating that they  are on OFFICIAL DUTY. A box will be placed on the 
           registration table for these Certifications. Please put them inside this box during the registration period.
         - Major prizes will be drawn using the RAFFLE STUBS that members must fill up during registration. Raffle stubs which are unsigned and do not have complete information will not be honored.
         - Minor prizes will be drawn using REGISTRATION NUMBERS assigned to each member. Please write down your name at the back.
     
    5. DIVIDENDS AND REBATES
        *  The following will be distributed at the end of the GA:
                   8% dividend on members' shareholdings
                  13% patronage rebate
        *  Members who submitted their receipts BEFORE THE JANUARY 31ST DEADLINE AND WHO ATTEND THE GA will receive their dividends and rebates AT THE END OF THE GA.
        *  Members who submitted their receipts BEFORE THE JANUARY 31ST DEADLINE AND DO NOT ATTEND THE GA may claim their dividends and rebates from the AMPC Office 
           anytime from 8 am to 5 pm on FRIDAY, MARCH 28.     
        *  Members who submitted their receipts AFTER THE JANUARY 31ST DEADLINE  AND WHO ATTEND THE GA will receive their dividends at the end of the GA but  may claim their 
           rebates between Monday-Friday April 21-25.   
         *   Members who submitted their receipts AFTER THE JANUARY 31ST DEADLINE  AND DO NOT ATTEND THE GA may claim their dividends and rebates between  
              Monday-Friday April 21-25.    
         * For members whose shareholdings are below P5,000: you will receive your rebates. 
            However, your dividends will be credited to your capital build-up. An official receipt will be issued for this.       
     
          Manner of payment:        CASH - if below P1,000                                     CHECK - if P1,000 and above
          These procedures are consistent with what was done in previous years.
     
           FOR THE INFORMATION OF OFFICES (PRIVILEGED PATRONS)
           The patronage rebates of offices whose shareholdings are P15,000 will be given out. A check will be issued to the unit or department head. If it is to be made out to a representative of the 
           unit, the unit or department head should submit a letter authorizing the AMPC to do so.
           The dividends and patronage rebates of offices whose share capital is below P15,000 will be credited to their shareholdings. An official receipt will be given in acknowledgment of this.  
     
    6. ATTENDANCE IN THE GA
        Attendance in the General Assembly is a requirement if you want to retain your MIGS status. Those who do not attend the GA for two consecutive years without a valid reason will lose their MIGS 
        status on the third year. This will mean: 
                 * loss of eligibility to be nominated for an elective position in the AMPC Board and the 3 elective AMPC Committees (Audit and Inventory Committee, Credit Committee, Election Committee)
                 * loss of privilege to vote 
         Members who are unable to attend may address their letter to the Chair of the AMPC Board of Directors, care of the AMPC office. Or you may email the Chair at ampc at admu.edu.ph. 





 
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