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
2,000,000,000
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.
Pryce CorporationPPC
PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Approval of the amendment to the Seventh article of the Articles of Incorporation of the Company increasing the Company's authorized capital stock to Php 2,098,000,000.
Background/Description of the Disclosure
Receipt from the Securities and Exchange Commission of the Certificate of Filing of the Amendment to the Seventh article of the Articles of Incorporation as well as the Certificate of Approval of Increase in Authorized Capital Stock.
Date of Approval by Board of Directors
Dec 21, 2016
Date of Approval by Stockholders
Feb 2, 2017
Other Relevant Regulatory Agency, if applicable
-
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
Dec 13, 2017
Date of Receipt of SEC approval
Dec 14, 2017
Amendment(s)
Article No.
From
To
7
Two Billion Pesos (Php 2,000,000,000) divided into two billion (2,000,000,000) shares, with a par value of One Peso (Php 1.00) per share
Two Billion Ninety-Eight Million Pesos (Php 2,098,000,000) divided into two billion ninety-eight million (2,098,000,000) shares, with par value of One Peso (Php 1.00) per share
Rationale for the amendment(s)
To allow for the subscription by Josefina Multi-Ventures Corporation to 24,500,000 shares at the subscription price of Php 5.00 per share under the placing and subscription transaction disclosed to the Exchange last December 7, 2016, and, otherwise, to allow the company to expeditiously raise funds via stock subscriptions.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC
May 15, 2017
Expected date of SEC approval of the Amended Articles of Incorporation
Dec 13, 2017
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
Infusion of fresh capital into the company.
Other Relevant Information
The previous disclosure was revised to reflect the date of the approval by the Securities and Exchange Commission of the amendment and the increase in authorized capital stock. Please find attached the Certificate of Filing of Amended Articles of Incorporation and the Certificate of Approval of Increase of Capital Stock which we received today, December 14, 2017.