CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Dec 3, 2021
2. SEC Identification Number
1746
3. BIR Tax Identification No.
000-126-853-000
4. Exact name of issuer as specified in its charter
STI Education Systems Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7th Floor, STI Holdings Center, 6764 Ayala Avenue, Makati City Postal Code1226
8. Issuer's telephone number, including area code
(632) 8844-9553
9. Former name or former address, if changed since last report
-
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
9,904,806,924
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
STI Education Systems Holdings, Inc.STI
PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Amendment to Articles of Incorporation
Background/Description of the Disclosure
During the Annual Stockholders' Meeting of STI Education Systems Holdings, Inc. (the "Corporation") held today, 3 December 2021, the stockholders, owning at least 2/3 of the outstanding voting capital stock of the Corporation, approved the amendment of Article II of the Articles of Incorporation.
Date of Approval by Board of Directors
Oct 7, 2021
Date of Approval by Stockholders
Dec 3, 2021
Other Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
TBA
Date of Receipt of SEC approval
TBA
Amendment(s)
Article No.
From
To
II
-
To include as part of the secondary purposes the authority of the Corporation to act as a corporate surety and to guarantee the loan obligations of its subsidiaries and affiliates.
Rationale for the amendment(s)
To comply with the requirements of creditor banks of the Corporation's subsidiaries and affiliates and to grant these subsidiaries and affiliates access to funding for their business needs that would ultimately benefit the Corporation.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC
TBA
Expected date of SEC approval of the Amended Articles of Incorporation
TBA
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
None
Other Relevant Information
During the 3 December 2021 Annual Stockholders' Meeting of the Corporation, the stockholders, owning at least 2/3 of the outstanding voting capital stock of the Corporation, approved the amendment of Article II of the Articles of Incorporation.