In view of Greenergy Holdings Incorporated’s ("GREEN" or the "Corporation") submission of the procedures in updating its stock certificates, in accordance with the Exchange's Policy on Updating of Stock Certificates, please be advised that the change in the par value of GREEN shares from Php 0.01 per share to Php 1.00 per share will be reflected on the Exchange's trading system effective on Thursday, October 30, 2014.
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)
Oct 22, 2014
2. SEC Identification Number
AS092-000589
3. BIR Tax Identification No.
001-817-292
4. Exact name of issuer as specified in its charter
Greenergy Holdings Incorporated
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
54 National Road, Dampol II-A, Pulilan, BulacanPostal Code3005
8. Issuer's telephone number, including area code
(02) 579-4490, (02)661-6945
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 shares
1,800,778,565
Preferred shares
1,000,000,000
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.
Greenergy Holdings IncorporatedGREENStock Symbol
PSE Disclosure Form 4-12 - Change in Par Value References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Approval by the Securities and Exchange Commission of the Amendment to the Seventh Article of the Articles of Incorporation of Greenergy Holdings Incorporated (the "Company")
Background/Description of the Disclosure
The Seventh Article of the Articles of Incorporation of the Company was amended, among others, to reflect the change in par value of the common shares from P0.01 to P1.00.
Date of Approval by Board of Directors
Jun 27, 2013
Date of Approval by Stockholders
Nov 15, 2013
Date of Approval by Securities and Exchange Commission
Sep 15, 2014
Previous Par Value
0.01
New Par Value
1.00
Rationale for the change in par value of the Issuer's shares
The creation of preferred shares and the increase in the par value of the common shares will allow the Company to maintain its Philippine national status and attract foreign investors
Effects on Capital Structure
Issued Shares
Type of Security /Stock Symbol
Before
After
Common Shares
186,327,856,500
1,800,778,565
Preferred Shares
0
625,000,000
Outstanding Shares
Type of Security /Stock Symbol
Before
After
Common Shares
186,327,856,500
1,800,778,565
Preferred Shares
0
625,000,000
Treasury Shares
Type of Security /Stock Symbol
Before
After
Not applicable
-
-
Listed Shares
Type of Security /Stock Symbol
Before
After
Common Shares
45,243,478,240
452,434,782
Procedure(s) for updating stock certificates
Details of Stock Transfer Agent
Name
Professional Stock Transfer, Inc.
Address
10th Floor, Telecom Plaza Building, 316 Senator Gil Puyat Avenue, Makati City
Contact Person
Ms. Jenny Serafica
Inclusive dates when the old stock certificates can be replaced
Start Date
Oct 27, 2014
End Date
TBA
Documentary requirements
Individual Shareholders
1. At least two (2) valid government issued identification card bearing the picture and signature of the stockholder 2. If the stockholder is acting through an attorney-in-fact, a duly notarized Special Power of Attorney 3. Stock certificate to be exchanged
Corporate Shareholders
1. Certified true copy of the stockholder corporation's 2014 General Information Sheet 2. Board Resolution designating the authorized representative of the stockholder corporation to receive the new stock certificate(s) with their specimen signature inscribed therein; 4. Valid government issued identification card bearing the picture and signature of the authorized representative of the stockholder corporation 5. Stock certificate to be exchanged
*Corporate stockholders may be additionally required to present a certified true copy of its latest Articles of Incorporation.
Date of availability of new stock certificates
Oct 27, 2014
Procedures in case of lost stock certificates
In case of lost stock certificates, Section 4, Article I of the Company's By-Laws and Section 73 of the Corporation Code shall be followed.
Other Relevant Information
Out of the 186,327,856,500 issued and outstanding common shares in the aggregate amount of P1,863,278,565.00, P62,500,000.00 worth of issued common shares of the 25,000,000,000 issued common shares of Earthright Holdings, Inc. were converted into 625,000,000 preferred shares with a par value of P0.10 per share (the “Earthright Shares”). After the conversion of the Earthright Shares and increase in par value of the common shares, the total issued and outstanding common shares of the Company is P1,800,778,565.00 divided into 1,800,778,565 common shares at P1.00 per common shares.
The disclosure will be updated upon availability of the required information.
Greenergy Holdings IncorporatedGREENStock Symbol