C07069-2017

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)
Nov 24, 2017
2. SEC Identification Number
39652
3. BIR Tax Identification No.
004-844-938
4. Exact name of issuer as specified in its charter
Medco Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
31st Floor, Rufino Pacific Tower, 6784 Ayala Avenue, Makati City, Metro Manila Postal Code 1229
8. Issuer's telephone number, including area code
(632) 811-0465
9. Former name or former address, if changed since last report
NA
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 700,000,000
11. Indicate the item numbers reported herein
Item No. 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.

MEDCO Holdings, Inc.MED

PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Results of Annual Stockholders' Meeting
Background/Description of the Disclosure

The annual stockholders' meeting of Medco Holdings, Inc. was held today.
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Mr. Bobby Cheng Sai Chong 1 0 NA
Mr. Dionisio E. Carpio, Jr. 1,008 0 NA
Ms. Edna D. Reyes 0 50,000 NA
Ms. Pauline C. Tan 1 0 NA
Ms. Caly D. Ang 1 0 NA
Mr. Solomon R.B. Castro 11 0 NA
External auditor Punongbayan & Araullo
List of other material resolutions, transactions and corporate actions approved by the stockholders

The stockholders approved the following matters:

1. The Minutes of the Annual Stockholders’ Meeting held on 23 November 2016.

2. The Annual Report and Audited Financial Statements of the Company for the year ended 31 December 2016.

3. Ratification of all acts of the Board of Directors and Officers since the 2016 Annual Stockholders’ Meeting held on 23 November 2016.

4. Election of the following members of the Board of Directors for 2017;
i. Mr. Bobby Cheng Sai Chong
ii. Mr. Dionisio E. Carpio, Jr.
iii. Ms. Edna D. Reyes
iv. Ms. Pauline C. Tan
v. Mrs. Caly D. Ang (independent director); and
vi. Mr. Solomon R. B. Castro (independent director)

5. Re-appointment of Punongbayan and Araullo, the Philippine representative of Grant Thornton International, as external auditors of the Corporation for the year 2017

6. The Re-Organization Plan/Equity Restructuring of the Company consisting of a decrease in its authorized capital stock from Php700 million divided into 700 million common shares to Php35 million divided into 700 million common shares by reducing the par value per share from Php1.00 to Php0.05, the corresponding amendment to Article 7 of the Articles of Incorporation of the Company to reflect such decrease in authorized capital stock, and the use of the additional paid-in capital thereby created, in addition to the current additional paid-in capital balance, to reduce the deficit of the company;

7. The increase in authorized capital stock of the Company from Php35 million divided into 700 million common shares with par value of Php0.05 per share to Php470 million divided into 9.4 billion common shares with par value of Php0.05 per share and the corresponding amendment to Article 7 of the Articles of Incorporation of the Company to reflect such increase in authorized capital stock

8. A private placement transaction involving the issuance by the Company of a total of 2,459,292,441 new common shares out of its increase in authorized capital stock at an issue price of Php0.05 per share to Bonham Strand Investments Ltd. and Mr. Xu Hanjiang and the assignment of their advances to the Company as payment for their subscription, the listing with the Philippine Stock Exchange of such new common shares and waiver of requirement to conduct a rights or follow-on public offering by a majority vote of the minority stockholders present or represented during the meeting.
Other Relevant Information

NA
Filed on behalf by:
Name Mary Ann Miel
Designation Chief Accountant