C00838-2019

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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 13, 2019
2. SEC Identification Number
134800
3. BIR Tax Identification No.
000590608000
4. Exact name of issuer as specified in its charter
JOLLIVILLE HOLDINGS CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
4th Floor 20 Lansbergh Place, 170 Tomas Morato Avenue cor. Scout Castor St., Quezon City Postal Code 1103
8. Issuer's telephone number, including area code
(632) 373-3038
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, Php1.00 par value 281,500,000
11. Indicate the item numbers reported herein
Item 9 - Other Events

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.

Jolliville Holdings CorporationJOH

PSE Disclosure Form 6-3 - Declaration of Property Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Declaration of Property Dividends (Shares in Subsidiaries, Tubig Pilipinas Corp. and Philippine Hydro Electric Ventures Inc.)

Background/Description of the Disclosure

During the Special Stockholders’ Meeting of Jolliville Holdings Corporation (“JOH” or the “Corporation”) held today, 13 February 2019, stockholders holding 224,100,908, which represents 79.61% of the outstanding capital stock of JOH, approved the declaration of property dividend of the Corporation at the rate of 66.03%.

Stockholders of record as of 18 January 2019 were entitled to vote at the Special Stockholders’ Meeting. As of said date, the Corporation had 281,500,000 outstanding and issued common shares. At the meeting, there were present, in person or represented by proxy, stockholders holding 224,100,908 common shares, representing 79.61% of the Corporation’s total outstanding capital stock.

The 66.03% property dividend consisted of One Hundred Eighty-Five Million Eight Hundred Sixty Two Thousand Seven Hundred Fifty Pesos (Php185,862,750.00). It was comprised of 76,500,000 shares of Philippine Hydro Electric Ventures, Inc. (“Phil. Hydro”) carried at Php1.00 per share and 42,225,000 shares of Tubig Pilipinas Corp. (“Tubig Pilipinas”) carried at Php2.59 per share. Carrying values are computed based on interim financial statements of both subsidiaries as of 30 September 2018. Entitled shareholders will receive 27 shares of Phil Hydro and 15 shares of Tubig Pilipinas for every 100 shares of JOH. Fractional shares shall be converted into cash and be released to the shareholders at the same time as the property dividend.

Type of Securities

Property Dividend
Date of Approval by Board of Directors Jan 4, 2019
Date of Approval by Stockholders Feb 13, 2019
Date of Approval by Securities and Exchange Commission, if applicable TBA
Other Relevant Regulatory Agency, if applicable -
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Property to be Distributed Shares of stocks in Tubig Pilipinas Corp. and Philippine Hydro Electric Ventures Inc.; both subsidiaries of Jolliville Holdings Corporation
Entitlement Ratio For every 100 shares of JOH, a stockholder will receive 27 shares of Phil Hydro and 15 shares of Tubig Pilipinas.
Record Date (to be determined after necessary approvals) TBA
Payment Date (to be determined after necessary approvals) TBA
Other Relevant Information

This PSE Disclosure Form 6-3 dated 04 January 2019 was amended to disclose the approval of the Stockholders, during its special meeting held today, of the 66.03% property dividend of the Corporation.

Filed on behalf by:
Name Ortrud Yao
Designation Chief Financial Officer/ Treasurer/ Asst. Corporate Secretary