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)
Sep 12, 2017
2. SEC Identification Number
147212
3. BIR Tax Identification No.
000-323-228
4. Exact name of issuer as specified in its charter
International Container Terminal Services, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
ICTSI Administration Building, Manila International Container Terminal (MICT), South Access Road, Port Area, ManilaPostal Code1012
8. Issuer's telephone number, including area code
+(63 2) 245 4101
9. Former name or former address, if changed since last report
Not Applicable
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 Outstanding
2,034,099,497
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.
International Container Terminal Services, Inc.ICT
PSE Disclosure Form 4-32 - Reply to Exchange's Query
Subject of the Disclosure
Additional Information regarding the sale of 10M treasury shares
Description of the Disclosure
We write in connection with your letter dated September 11, 2017 requesting for additional information regarding the sale of 10 million International Container Terminal Services, Inc. (the “Company”) treasury common shares last Friday, September 8, 2017.
Information Requested
In response thereto, we would like to inform the Philippine Stock Exchange of the following: 1. Date of Approval by the Corporation's Board of Directors of the said sale of treasury shares - The Company’s Board of Directors approved the sale of 10 million treasury shares on September 8, 2017. 2. Reason/Purpose of the sale - The sale is in response to a reverse inquiry from an investor who expressed serious interest for a sizable ownership of the Company. 3. Use of proceeds - The Company may redeploy the proceeds in a number of its expansion and acquisition opportunities currently under review. 4. Effect(s) on the public float level -The Company’s public float level for common shares increased from 50.74% (as of June 30, 2017) to 51.03% (as of September 8, 2017); The Company’s public float level for common and preferred B shares increased from 37.70% (as of June 30, 2017) to 37.96% (as of September 8, 2017). 5. Any other relevant information as you may deem necessary relating to the Corporation's treasury share sale - None