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 30, 2018
2. SEC Identification Number
CS200411461
3. BIR Tax Identification No.
232-715-069-000
4. Exact name of issuer as specified in its charter
Megawide Construction Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
2/F Spring Bldg. Arnaiz Ave. cor. P. Burgos St., Pasay City, Metro ManilaPostal Code1300
8. Issuer's telephone number, including area code
(02)655-1111
9. Former name or former address, if changed since last report
Not applicable
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
2,138,577,497
Preferred
40,000,000
11. Indicate the item numbers reported herein
Item 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.
Megawide Construction CorporationMWIDE
PSE Disclosure Form 6-1 - Declaration of Cash Dividends References: SRC Rule 17 (SEC Form 17-C) and Sections 6 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Board Approval of Record Date / Declaration of Cash Dividend
Background/Description of the Disclosure
Pursuant to the Resolution of the Board of Directors of the Corporation approving the terms of the offer of up to 70 Million Megawide preferred shares, including the dividend payment of March 3 of each year, the Board set February 15, 2018 as the record date.
The cash dividend is equal to Php1.75625 per share or a total of Php70,250,000.00 out of the unrestricted retained earnings of Megawide as of December 31, 2017.
This is also in connection with the disclosure that cash dividends will be payable on March 3, June 3, September 3 and December 3 of each year stated in page 21 of the Prospectus for Megawide’s Preferred Shares Follow-On Offering and in a disclosure dated November 14, 2014. The dividends shall be paid out of the unrestricted retained earnings of the Corporation distributable as dividends as of December 31, 2017.
Type of Securities
Common
PreferredMWP
Others-
Cash Dividend
Date of Approval by Board of Directors
Jan 30, 2018
Other Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Type (Regular or Special)
Regular
Amount of Cash Dividend Per Share
Php1.75625
Record Date
Feb 15, 2018
Payment Date
Mar 3, 2018
Source of Dividend Payment
Unrestricted Retained Earnings as of December 31, 2017.
Other Relevant Information
None.
Filed on behalf by:
Name
Jennifer Lee
Designation
Assistant Corporate Secretary and Corporate Information Officer