C05012-2017

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)
Aug 10, 2017
2. SEC Identification Number
A199611593
3. BIR Tax Identification No.
005038428
4. Exact name of issuer as specified in its charter
Manila Water Company, Inc.
5. Province, country or other jurisdiction of incorporation
Quezon City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
MWSS Administration Building, 489 Katipunan Road, Balara, Quezon City, Philippines Postal Code 1105
8. Issuer's telephone number, including area code
(02) 981-8122
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 Shares 2,053,945,884
11. Indicate the item numbers reported herein
Please see attached letter to the PSE and SEC.

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.

Manila Water Company, Inc.MWC

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

Results of Regular Meeting of the Board of Directors held on August 10, 2017
Background/Description of the Disclosure

Please be informed that at the Regular Meeting of our Board of Directors (the “Board”) held this morning, the Board approved and authorized the following:

1. Minutes of Previous Meeting

The Board approved the Minutes of its Regular Meeting held on June 8, 2017 at the Boardroom, 35th Floor, Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City, Philippines.

2. Approval/Ratification of the Acts and Resolutions of the Executive Committee

The Board approved/ratified the Special Resolution of the Executive Committee dated June 22, 2017 regarding the additional investments of Php150 million in Manila Water Total Solutions Corporation, a wholly-owned subsidiary of Manila Water.

The Board also approved/ratified the acts and resolutions of the Executive Committee adopted in its meeting held on August 2, 2017, which include: (a) the approval of minutes of previous meeting dated May 18, 2017; (b) project overview and initial budget for the implementation of a shared services program; and (c) transfer of the shares of Manila Water in Zamboanga Water and Davao Water to its wholly owned subsidiary, MWPV .
3. Approval/Ratification of the Acts and Resolutions of the Corporate Governance Committee

The Board approved/ratified the Acts and Resolutions of the Corporate Governance Committee adopted on June 28, 2017 and August 2, 2017, which include: (a) the noting of the Charter of the Corporate Governance Committee; (b) Distribution of the Revised Manual of Corporate Governance to Committee Members; and (c) Discussion and approval of the corporate planning program.

4. Approval/Ratification of the Acts and Resolutions of the Audit Committee

The Board approved/ratified the Acts and Resolutions of the Audit Committee adopted on August 9, 2017 which include the following: (a) approval of the 2017 External Auditors Audit Plan; (b) approval of the Q2 Unaudited Financial Statements and the Management Discussion and Analysis; (c) approval of Minutes of Previous Meeting dated May 4, 2017; (d) revisions to the Internal Audit Charter and Policies; (e) adoption of Internal Audit Maturity Assessment Framework; (f) approval of the Internal Audit External Quality Assessment; (g) Q2 Status of 2017 Risk-Based Audit Plan; and (h) discussion of the status of Resolution of 2016 External Auditors Management Letter.

In the meeting held this morning, the Board also discussed the updates of the management on the following matters: Year to Date June 2017 Financials; status of the Notice of Claim against the Republic of the Philippines pursuant to the Letter of Undertaking; Updates on Manila Water Operations, MWPV and MWAP Operations, and overview of the Mandaluyong West Sewerage System Project.

Finally, the Board was furnished with the Management Report, Health and Safety Report, and the Revised Corporate Governance Manual together with the updated policies and charters of the Board and its Committees.
Other Relevant Information

-
Filed on behalf by:
Name Josephine Pagdanganan
Designation Senior Legal Counsel