9. Former name or former address, if changed since last report
MRC ALLIED INDUSTRIES, INC.
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 STOCK
8,512,658,975
11. Indicate the item numbers reported herein
-
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MRC Allied, Inc.MRC
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
Result of MRC's regular Board meeting.
Background/Description of the Disclosure
During the regular board meeting held earlier today, the following matters were approved and confirmed unanimously by the Board of Directors present during said meeting:
1. Approval of the Corporation’s policy to issue preferred shares, subject to the Terms of Reference to be provided by Management, with a view to amending the Corporation’s Articles of Incorporation.
2. Approval for Management to develop a comprehensive dividend policy for the Corporation and its group of companies.
3. Approval for Management to develop a comprehensive policy setting a minimum return on investment for the projects of the Corporation and its group of companies.