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
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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarification of News Article “P2.4-B hydro plant in Mindoro opens”
Source
The Manila Times.net
Subject of News Report
“P2.4-B hydro plant in Mindoro opens”
Date of Publication
Mar 25, 2019
Clarification of News Report
March 26, 2019
THE PHILIPPINE STOCK EXCHANGE 6th Floor, PSE Tower, 28th Street corner 5th Avenue, BGC, Taguig City
Attention: Ms. Janet A. Encarnacion Head, Disclosure Department
Gentlemen:
We acknowledge receipt of your notice for clarification with regards to a news article entitled: “ “P2.4-B hydro plant in Mindoro opens”, posted in The Manila Times.net on March 25, 2019. The article quoted in part that:
“THE P2.4-billion hydro-electric power plant in Mindoro, considered the first renewable energy (RE) project in the island, is now online. Energy Secretary Alfonso Cusi led the inauguration of the 10-megawatt (MW) Hydro-Electric Power Plant (IHPP), which was built to ’develop the country’s hydro-power resources essential to meet energy demand over the next 10 years.’
Located in one of the foothills of Mount Halcon in San Teodoro town, the IHPP, which draws its power from the Inabasan River, has an initial power production of 2.5 MW following its first operation on January 14.
The hydro power plant is the first phase of 30-MW hydro-power facilities to be developed in three stages. It is expected to generate up to 10 MW of electricity.
Ormin Power Inc. (OPI), the power arm of Jolliville Holdings Corp. led by its Chairman Jolly Ting, developed the hydro power plant.
. . . .
‘The second phase of 10-MW hydro plant is now in the pipeline and that would be also implemented,’ Ting added.
. . . .
The company noted that the hydro-power plant capacity factor in the Philippines ranges from 35 to 65 percent, making its Inabasan mini-hydro power plant ‘one of the best hydro-power sites in the country’ as it could generate electric power at full-rated capacity of 10 megawatts with an 88-percent plant factor.
. . . .”
We confirm the statements in the above-quoted article.