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)
Feb 12, 2018
2. SEC Identification Number
24986
3. BIR Tax Identification No.
000-275-073
4. Exact name of issuer as specified in its charter
Jackstones, Inc. (Formerly: NextStage, Inc.)
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
593 Antonio Drive, Bagumbayan, Taguig City Postal Code1630
8. Issuer's telephone number, including area code
+63 2 8173081
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 Stock, @ P1.00 par value
167,559,097
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.
Jackstones, Inc.JAS
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 Company's Articles of Incorporation by the Securities and Exchange Commission
Background/Description of the Disclosure
The SEC issued on 07 February 2018 the Certificate of Approval of Increase of capital stock of Jackstones, Inc. from Php170,000,000.00 to Php500,000,000.00.
The Company received the Certificate on 08 February 2018
Date of Approval by Board of Directors
Mar 10, 2017
Date of Approval by Stockholders
Jun 13, 2017
Other Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
Feb 7, 2018
Date of Receipt of SEC approval
Feb 8, 2018
Amendment(s)
Article No.
From
To
Seventh
That the authorized capital stock of the corporation is One Hundred Seventy Million Pesos (P170,000,000.00), Philippine Currency, divided into One Hundred Seventy Million (170,000,000) Common Shares with a par value of One Peso (P1.00) each.
That the authorized capital stock of the corporation is Five Hundred Million Pesos (P500,000,000.00), Philippine Currency, divided into Five Hundred Million (500,000,000) Common Shares with a par value of One Peso (P1.00) each.
Rationale for the amendment(s)
To address the negative equity of the Company, the Board of Directors, approved, among other things, the increase of the authorized capital stock.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC
Aug 11, 2017
Expected date of SEC approval of the Amended Articles of Incorporation
Sep 25, 2017
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
To address the negative equity of the Company.
Other Relevant Information
This amendment to the August 11, 2017 disclosure resports the receipt by the Company of the SEC Certificate of Approval of increase of capital stock of the Company dated 07 February 2018.
Filed on behalf by:
Name
Jean Marie Uy
Designation
Assistance Corporate Secretary/Corporate Information Officer