9. Former name or former address, if changed since last report
n/a
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
-
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 4-15 - Creation and Issuance of New Equity Security References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Creation of Preferred Shares
Background/Description of the Disclosure
Result of the Special Shareholder's Meeting held 20, September 2017.
Date of approval by Board of Directors of the creation and/or issuance of a new security
Jun 30, 2017
Rationale for the creation and/or issuance
The creation of the preferred shares is in line with our intention to diversify into the RE sector and be a 100% operating company. We believe that those who want to invest in clean and renewable energy would be interested in our preferred shares and to create a class of preferred shares for the issuance to the public as part of the Company's capital fund raising activities.
Features of the new security
If convertible
Conversion or entitlement ratio
n/a
Corresponding number of underlying shares with percentage to total outstanding shares
n/a
Conversion price or exercise price
n/a
Provisions for adjustment(s) in conversion ratio and/or conversion period
n/a
If redeemable
Redemption price
n/a
Redemption period
n/a
Method and/or procedures in redemption
TBA
Terms and conditions of the issuance
Number of shares to be issued
-
Corresponding percentage to total outstanding shares
-
Issue price per share
-
Aggregate value of consideration
-
Source of shares available for issuance
TBA
Basis upon which the issue value was determined
TBA
Terms of payment
TBA
Timetable and manner of issuance
TBA
Effect(s) on the ownership structure, including the list of principal shareholders with their corresponding shareholdings and percentage ownership to total outstanding shares before and after the transaction
Principal Shareholders
Before
After
Number of shares
%
Number of shares
%
TBA
-
-
-
-
Effect(s) on the capital structure
Issued Shares
Type of Security/Stock Symbol
Before
After
Common Shares
8,512,658,975
8,512,658,975
Preferred Shares
0
0
Outstanding Shares
Type of Security/Stock Symbol
Before
After
Common Shares
8,512,658,975
8,512,658,975
Preferred Shares
0
0
Treasury Shares
Type of Security/Stock Symbol
Before
After
N/A
-
-
Listed Shares
Type of Security/Stock Symbol
Before
After
Common Shares
8,512,658,975
8,512,658,975
Preferred Shares
0
0
Effect(s) on the public float, if any
TBA
Effect(s) on foreign ownership level, if any
TBA
Other Relevant Information
The creation of preferred shares is subject to the approval of the Securities and Exchange Commission for the amendments of the Articles of Incorporation. No issuance yet of preferred shares.