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