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)
Jan 2, 2018
2. SEC Identification Number
12942
3. BIR Tax Identification No.
000-104-320-000
4. Exact name of issuer as specified in its charter
Marcventures Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
4th Floor, Citibank Center, Paseo de Roxas, Makati CityPostal Code1227
8. Issuer's telephone number, including area code
(+632)831-4479 or (+632)831-4483
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
1,844,088,599
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.
Marcventures Holdings, Inc.MARC
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 Articles of Incorporation
Background/Description of the Disclosure
Proposed amendment of the Articles of Incorporation: Amendment of the Company’s Articles of Incorporation to Increase its Authorized Capital Stock from PhP 2.0B to PhP 4.0B and to increase the number of directors from 9 to 11.
Date of Approval by Board of Directors
Dec 15, 2016
Date of Approval by Stockholders
Oct 23, 2017
Other Relevant Regulatory Agency, if applicable
NA
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
Dec 29, 2017
Date of Receipt of SEC approval
Jan 2, 2017
Amendment(s)
Article No.
From
To
SIXTH
9
11
SEVENTH
2.0B
4.0B
Rationale for the amendment(s)
The rationale for the amendments are (1) The increase in the number of directors from 9 to 11 is to allow the election of additional directors (2) The increase in the Authorized Capital Stock is to accommodate the proposed merger
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC
Nov 6, 2017
Expected date of SEC approval of the Amended Articles of Incorporation
Dec 29, 2017
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
Will increase the number of Authorized Capital Stock and increase the number of directors