Remarks | C00244-2018 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 73,424,636 |
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.
Subject of the Disclosure |
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Signing of Share Sale and Purchase Agreement with Tata Consultancy Services Asia-Pacific Pte. Ltd. (“TCS”). |
Background/Description of the Disclosure |
Further to the Company’s disclosures last 16 June 2017, 6 July 2017, 29 August 2017, 26 September 2017, 8 November 2017 and 12 January 2018 regarding the signing of Share Purchase Agreements with the Bankers Association of the Philippines, acting for itself and on behalf of the BAP Credit Bureau and certain member banks, Whistler Technologies Services, Inc., the Investment House Association of the Philippines on behalf of certain members, The Philippine American Life and General Insurance Co., the FINEX Research and Development Foundation, Inc., and San Miguel Corporation, respectively, and as part of the Company’s planned acquisition of Philippine Dealing System Holdings Corporation, (“PDSHC”), the Company and Tata Consultancy Services Asia-Pacific Pte. Ltd. (“TCS”) signed a Share Sale and Purchase Agreement whereby the Company agreed to purchase and TCS agreed to sell 500,000 common shares of stock in PDSHC, equivalent to 8.00% of the total issued and outstanding stock of PDSHC. The purchase is subject to certain closing conditions including the approval of the Securities and Exchange Commission, and compliance with the provisions in the articles of incorporation of PDSHC, among others. |
Other Relevant Information |
With the signing of the aforementioned Share Sale and Purchase Agreement, the Company has agreed to acquire an 8.00% incremental equity interest in PDSHC, in addition to its existing 20.98% interest and previous acquisitions, for a total of 69.03% majority ownership. |
Name | Aissa Encarnacion |
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Designation | Corporate Information Officer |