C04410-2017

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)
Jul 14, 2017
2. SEC Identification Number
184228
3. BIR Tax Identification No.
000-275-291
4. Exact name of issuer as specified in its charter
MRC ALLIED, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
5/F EUROVILLA 4 BLDG., 853 A. ARNAIZ AVENUE, MAKATI CITY Postal Code 1223
8. Issuer's telephone number, including area code
02 846 7910
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 STOCk 8,512,658,975
11. Indicate the item numbers reported herein
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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.

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

MRC Result of Regular Board Meeting for the month of July 2017.

Background/Description of the Disclosure

Please be advised that during the regular board meeting held earlier today, the following matters were approved and confirmed unanimously by the members of the Board present during said meeting:

1. The minutes of the regular board meetings held last 16 June 2017 and 30 June 2017.

2. The reorganization and appointment of the Company’s Board Committees as follows:

Executive & Governance Committee:

Chairperson: Carlos Jose P. Gatmaitan
Atty. Gladys N. Nalda
Bernard B. Rabanzo
Celia Chao
Alejandro A. Palacio
Atty. Margareth R. Mendoza
Maria May
Atty. Jan Vincent S. Soliven, Secretariat
Audit Committee:

Chairperson: Edita S. Bueno (Independent Director)
Members: Carlos Jericho L. Petilla (Independent Director)
Bernard Rabanzo


Nominations and Compensation Committee:

Chairperson: Atty. Gladys N. Nalda
Members: Carlos Jericho L. Petilla (Independent Director)
Bernard B. Rabanzo
Jimmy T. Yaokasin

3. In compliance with the Company’s 2017 Revised Manual on Corporate Governance, the Board constituted the Risk and Oversight Committee and elected the following as its members:



Risk and Oversight Committee:

Chairperson: Carlos Jericho L. Petilla (Independent Director)
Edita S. Bueno (Independent Director)
Atty. Gladys N. Nalda

4. At the board meeting held last June 30, 2017, the Board approved the implementation of the conduct of private placement, the terms of which are as follows:

a. Private placement of up to One Billion Pesos (Php 1,000,000,000.00) worth of common shares
b. Issue price the minimum of which is the 30-day average rate from transaction date
c. Down payment of Fifty percent (50%) of the issue price upon signing of the term sheet
d. The balance of Fifty percent (50%) payable within a period of thirty (30) days from down payment
e. Expenses incidental to the subscription of the shares under the term sheet shall be for the account of the Seller

5. At the regular board meeting held earlier today, the Board approved the following additional details for the conduct of the private placement:

a. Private placement of 1,904,761,905 common shares from the unissued and unsubscribed authorized capital stock
b. Issue price of Php 0.525 per share

Other Relevant Information

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Filed on behalf by:
Name Bernard Rabanzo
Designation Director