C00189-2018 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON STOCK | 8,512,658,975 |
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Subject of the Disclosure |
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Exemptive Relief from the Rules on Mandatory Tender Offer. |
Background/Description of the Disclosure |
Please be advised that earlier today, the Company received a copy of the Letter dated 12 January 2018 from the Markets and Securities Regulation Department of the Securities and Exchange Commission. Said Letter confirms that on the 09 January 2018 en banc meeting of the SEC, the Commission resolved to grant Menlo Capital Corporation’s (MCC) request for exemptive relief from the application of the Mandatory Tender Offer Rule covering the 4,387,658,975 common shares issued by the Company to MCC pursuant to the Deed of Assignment with Share Subscription and Conversion of Debt-to-equity entered into the MCC and the Company on 19 July 2013. Attached herewith as Annex A is a copy of the aforementioned Letter. |
Other Relevant Information |
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Name | Bernard Rabanzo |
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Designation | Director |