C05619-2016

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)
Oct 3, 2016
2. SEC Identification Number
A199611593
3. BIR Tax Identification No.
005038428
4. Exact name of issuer as specified in its charter
MANILA WATER COMPANY, INC.
5. Province, country or other jurisdiction of incorporation
Quezon City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
MWSS Administration Building, 489 Katipunan Road, Balara, Quezon City Postal Code 1105
8. Issuer's telephone number, including area code
(02) 981-8122 / (02) 981-8179
9. Former name or former address, if changed since last report
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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 Shares 2,053,945,884
11. Indicate the item numbers reported herein
Please see attached letter to the PSE and SEC.

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.

Manila Water Company, Inc.MWC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Results of Regular Meeting of the Board of Directors
Background/Description of the Disclosure

Please be informed that at the regular meeting of the Board of Directors (the “Board”) of Manila Water Company, Inc. (“Manila Water” or the “Company”) held this morning, the Board approved and authorized the following:

1. Minutes of the meeting held on August 11, 2016

The Board approved the minutes of its meeting held on August 11, 2016 at the Boardroom, 35th Floor, Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City.

2. Counterparty Limits and Treasury Risk Policy

a. The Board approved the inclusion of Standard Chartered Bank and EastWest Bank in the list of counterparties for money market transactions of the Company.

b. The Board approved the revisions to the Treasury Risk Management Policy.

3. Performance Bond in favor of Manila Waterworks and Sewerage System (“MWSS”)

The Board approved the opening of a Standby Letter of Credit (“SBLC”) with Bank of Tokyo – Mitsubishi UFJ, Ltd. in relation to the performance bond required to be posted by the Company in favor of the MWSS for the period covering January 1, 2017 to December 31, 2018.

4. Performance Bond in favor of Tourism Infrastructure and Enterprise Zone Authority (“TIEZA”)

The Board approved the opening of a Standby Letter of Credit (“SBLC”) with Bank of Tokyo – Mitsubishi UFJ, Ltd. in relation to the performance bond required to be posted by the Company in favor of the TIEZA for the period covering January 1, 2017 to December 31, 2018.

5. Declaration of Second Semester Cash Dividends

The Board approved the declaration of the following cash dividends for the second semester of 2016:

a. PhP 0.4167 per share on the outstanding common shares,
b. PhP 0.04167 per share on the outstanding participating preferred shares,

payable on October 28, 2016 to stockholders of record as of October 17, 2016.

6. The Board approved and ratified the acts and resolutions of the Risk Committee in its meeting held on August 24, 2016 which includes the following: amendments to the Treasury Risk Management Policy; Amendments to the Counterparty limits; discussion of the Risk Survey Status Updates; approval of previous minutes; and discussion on Enterprise Risk Management Updates.

The Board also discussed the following matters: Year to date August 2016 financial update; updates on wholly owned subsidiaries Manila Water Total Solutions Corporation, Manila Water Philippine Ventures, Inc. and Manila Water Asia Pacific Pte. Ltd.; and the Health and Safety updates.
Other Relevant Information

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Filed on behalf by:
Name Josephine Pagdanganan
Designation Senior Legal Counsel