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 25, 2021
2. SEC Identification Number
CS200315877
3. BIR Tax Identification No.
226-527-915
4. Exact name of issuer as specified in its charter
METRO RETAIL STORES GROUP, INC.
5. Province, country or other jurisdiction of incorporation
Cebu, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Vicsal Bldg., corner of C.D. Seno and W.O. Seno Streets, Guizo, North Reclamation Area, Mandaue City, CebuPostal Code6014
8. Issuer's telephone number, including area code
(032) 236-8390
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
3,429,375,000
11. Indicate the item numbers reported herein
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.
Metro Retail Stores Group, Inc.MRSGI
PSE Disclosure Form 9-1 - Share Buy-Back Transactions References: Section 9 of the Revised Disclosure Rules
Subject of the Disclosure
Metro Retail Stores Group, Inc. Share Buy-Back Transaction
Background/Description of the Disclosure
Share Buy-Back Transaction on January 25, 2021
During the Regular Meeting of the Board of Directors of MRSGI held on January 22, 2021, the Board of Directors of MRSGI has unanimously approved the Share Buy-Back Program of the Corporation in the amount of Php 300,000,000.00
Type of Securities
Common
Preferred-
Others-
Details of Share Buy-Back Transaction(s)
Date of Transaction
Number of Shares Purchased
Price Per Share
Jan 25, 2021
241,000
1.44
Jan 25, 2021
100,000
1.45
Jan 25, 2021
1,100,000
1.46
Jan 25, 2021
258,000
1.47
Jan 25, 2021
439,000
1.48
Jan 25, 2021
230,000
1.49
Jan 25, 2021
35,000
1.5
Jan 25, 2021
2,476,000
1.51
Jan 25, 2021
1,784,000
1.52
Jan 25, 2021
1,067,000
1.53
Jan 25, 2021
4,270,000
1.54
12,000,000
Effects on Number of Shares
Before
After
Outstanding Shares
3,429,375,000
3,417,375,000
Treasury Shares
0
12,000,000
Cumulative Number of Shares Purchased to Date 1
12,000,000
Total Amount Appropriated for the Buy-Back Program
300,000,000.00
Total Amount of Shares Repurchased
18,180,970.00
Other Relevant Information
As a result of the share buy-back transaction made on January 25, 2021, the remaining balance of the amount for the Share Buy-back Program as of this date is Php 281,819,030.00
1 From the date when the share buy-back program commenced.