C05958-2017

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)
Oct 3, 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
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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 Shares 2,053,945,884
11. Indicate the item numbers reported herein
Please see attached letter to the SEC and PSE.

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 the Regular Meeting of the Board of Directors held on October 3, 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 August 10, 2017 at the Boardroom, 35th Floor, Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City, Philippines.

2. Declaration of Second Semester 2017 Cash Dividends

The Board approved the declaration of Cash Dividends for the second semester of 2017, amounting to PhP 0.4244 per share on the outstanding Common Shares, and PhP 0.04244 per share on the outstanding Participating Preferred Shares of the capital stock of the Company, payable on November 2, 2017 to stockholders of record as of October 17, 2017.

3. Sale of investments in and receivables from MWIS to MWPV

The Board approved the (a) sale of all the shareholdings of the Company in MWIS to MWPV valued at PhP 12,296.00 based on cash balance net of accrued expenses as of August 30, 2017; and (b) the assignment of receivables of the Company from MWIS at face value of PhP 34,419,307 as of August 30, 2017, in exchange for additional subscriptions in MWPV.

4. Conversion to Preferred Shares of Advances to MWTS

The Board approved the conversion of the Company’s shareholder advances to MWTS amounting to PhP 195 Million into subscription to redeemable preferred shares of MWTS.

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

The Board approved/ratified the Special Resolution of the Executive Committee adopted on August 19, 2017 approving the Revised Counterparty Limits for Foreign Exchange Transactions.

6. Approval/Ratification of the Acts and Resolutions of the Board Risk Oversight Committee

The Board approved/ratified the Special Resolution of the Board Risk Oversight Committee (“BROC”) adopted on August 18, 2017 approving and endorsing to the Executive Committee the revisions to the Counterparty Limits for Foreign Exchange Transactions.

The Board also approved/ratified the acts and resolutions of the BROC adopted in its meeting held on August 31, 2017, which include: (a) the approval of minutes of meeting held on March 3, 2017, and special resolution dated August 18, 2017; (b) discussion of the Company’s Earthquake Preparedness, in particular: Resiliency and Business Interaction Study; Asset Resiliency Masterplan and Business Continuity Maturity Model; and Business Continuity Management Roadmap aligned to the framework and target business continuity program of the Company; (c) discussion of Company’s compliance to Data Privacy Act; and (d) discussion of ERM updates, in particular: 2017 Manila Water Enterprise Top Risks; Key Risk Indicators as of June 30, 2017; and 2017 ERM activities/achievements and the 2018 ERM plans and activities.

In the meeting held this morning, the Board also discussed the updates of the management on the following matters: Year to Date August 2017 financial report; operations and financial highlights of MWPV, MWAP and MWTS; Manila Concession operations; and the status of the arbitration in Singapore between the Company and the Republic.

Finally, the Board was furnished with the Health and Safety Report.
Other Relevant Information

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