C04229-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Share | 1,124,999,969 |
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.
Subject of the Disclosure |
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Share-for-Share Swap between Da Vinci Capital Holdings, Inc. (“DAVIN”) and Cosco Capital, Inc. (“COSCO”) |
Background/Description of the Disclosure |
Further to the Amended Comprehensive Corporate Disclosures of DAVIN (C02111-2021) dated March 31, 2021, DAVIN wishes to inform the exchange that the Deed of Exchange between DAVIN and COSCO was executed on June 18, 2021. Under the Deed of Exchange, COSCO shall transfer 100% of its shares in Montosco, Meritus, and PWSI to DAVIN in exchange for the issuance of a total of 11,250,000,000 common shares at PhP2.00 per share to COSCO. |
Other Relevant Information |
DAVIN shall seek approval of the SEC on the increase in authorized capital stock and the subscription of COSCO of shares in exchange for (a) 7,500,000 shares in Montosco, (b) 7,500,000 shares in Meritus, and (c) 1,500,000 shares in PWSI. DAVIN shall likewise seek SEC confirmation on its exemption from registration of securities and the valuation of the shares which shall stand as consideration to be received from COSCO pursuant to the share-for-share swap between DAVIN and COSCO. |
Name | Candy Dacanay-Datuon |
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Designation | Corporate Secretary |