C08199-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 493,726,984 |
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.
Subject of the Disclosure |
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First Philippine Holdings Corporation's receipt of an advice that FPIP Utilities, Inc. (“FUI”), a subsidiary of First Philippine Industrial Park (“FPIP”), has been assessed with a penalty by the Laguna Lake Development Authority. |
Background/Description of the Disclosure |
First Philippine Holdings Corporation has been advised that FPIP Utilities, Inc. (“FUI”), a subsidiary of First Philippine Industrial Park (“FPIP”), has been assessed with a penalty of P19,500.00 up to a maximum of P390,000.00 per day of violation by the Laguna Lake Development Authority (“LLDA”) based on a wastewater sampling last 26 October 2021, the results of which were received by FUI on 8 November 2021. The daily penalty is to commence on the date of sample collection until cessation of the discharge. FUI has taken the appropriate remedial steps including the submission of a Compliance Action Plan and with continuous monitoring in place. FUI’s understanding is that in the LLDA sampling conducted on November 12, 2021, all of the issues in the LLDA’s first sampling have already been addressed. |
Other Relevant Information |
N/A |
Name | Esmeraldo Amistad |
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Designation | Vice President/Assistant Corporate Secretary |