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)
Mar 29, 2017
2. SEC Identification Number
94419
3. BIR Tax Identification No.
000-409-747-000
4. Exact name of issuer as specified in its charter
INTEGRATED MICRO-ELECTRONICS, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
North Science Avenue, Laguna Technopark-Special Processing Zone, Binan, LagunaPostal Code4024
8. Issuer's telephone number, including area code
(632) 756-6840
9. Former name or former address, if changed since last report
Not Applicable
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 (net of Treasury Shares)
1,867,293,315
11. Indicate the item numbers reported herein
Please refer to attached letter
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.
Integrated Micro-Electronics, Inc.IMI
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
Change in Principal Owner
Background/Description of the Disclosure
Integrated Micro-Electronics Inc. (IMI), a global manufacturing solutions company, today announced the following:
AYC Holdings, Ltd. (“AYCH”), IMI’s parent company and a wholly-owned subsidiary of Ayala Corporation held through AC International Finance Ltd. (“ACIFL”), transferred its 50.6% ownership in the company to AC Industrial Technology Holdings, Inc. (“AC Industrials”), also a wholly-owned subsidiary of Ayala Corporation, through a special block sale of IMI shares on March 29, 2017 as approved by the Philippine Stock Exchange on March 29, 2017. This transaction was granted exemptive relief from the application of the mandatory tender offer rules by the Securities and Exchange Commission on March 21, 2017.
This transaction consolidates Ayala’s existing businesses in manufacturing and vehicle distribution and dealership under AC Industrials, creating a platform to execute Ayala’s vision to assemble a portfolio of businesses that own, develop, enable, manufacture, and commercialize automotive and other industrial technologies across various platforms to capture opportunities in the domestic and global markets.
Through its wider reach and industry coverage, AC Industrials seeks to play a bigger role in manufacturing and contribute to the country’s rise as a Southeast Asian (ASEAN) industrial hub, directly providing IMI a foothold in the industry. .