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)
Aug 4, 2017
2. SEC Identification Number
A1998 18260
3. BIR Tax Identification No.
202 464 633
4. Exact name of issuer as specified in its charter
First Gen Corporation
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
6th Floor Rockwell Business Center Tower 3 Ortigas Avenue Pasig CityPostal Code1604
8. Issuer's telephone number, including area code
632 449 6400
9. Former name or former address, if changed since last report
-
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
3,660,943,557
11. Indicate the item numbers reported herein
9
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.
First Gen CorporationFGEN
PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarification/confirmation of news item
Source
BusinessWorld Online
Subject of News Report
Private equity funds offer to acquire a third of EDC
Date of Publication
Aug 4, 2017
Clarification of News Report
This is with reference to the letter of the Exchange directing First Gen Corporation (First Gen) to clarify and/or confirm the portions of the following news article entitled “Private equity funds offer to acquire a third of EDC” posted in BusinessWorld Online on August 4, 2017: ------------------------
“A CONSORTIUM of private equity funds is offering to acquire nearly a third of Energy Development Corp. (EDC) that will use the capital to settle debt and support future growth, at the same time setting the stage for the delisting of its shares from the bourse.
In a briefing in Makati City on Thursday, First Gen Corp. Chairman Federico R. Lopez announced that the company’s wholly owned subsidiaries Red Vulcan Holdings Corp. and Northern Terracotta Power Corp. (NTPC) entered into an implementation agreement with Philippines Renewable Energy Holdings Corp. (PREHC), which is buying up to 31.7% of the country’s largest renewable energy company for P64.5 billion. . . . .
Proceeds from the share sale amounting to P14 billion will be used to reduce debt and support growth initiatives, Mr. Lopez said. . . . .”
First Gen confirms the statement made by the Company's Chairman, Mr. Federico R. Lopez.