C07928-2021

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)
Nov 22, 2021
2. SEC Identification Number
PW-937
3. BIR Tax Identification No.
000-391-438-000
4. Exact name of issuer as specified in its charter
EEI CORPORATION
5. Province, country or other jurisdiction of incorporation
MANILA, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
12 MANGGAHAN ST. BAGUMBAYAN, QUEZON CITY Postal Code 1110
8. Issuer's telephone number, including area code
(+632) 8-334-2677
9. Former name or former address, if changed since last report
NONE
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 1,036,281,485
11. Indicate the item numbers reported herein
NONE

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.

EEI CorporationEEI

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 on BusinessWorld (online edition) article entitled: "SEC clears share offerings of Haus Talk, EEI" dated 19 November 2021.
Source BusinessWorld (online edition)
Subject of News Report SEC clears share offerings of Haus Talk, EEI
Date of Publication Nov 19, 2021
Clarification of News Report

In compliance with your directive dated 22 November 2021, we comment on the news article entitled “SEC clears share offerings of Haus Talk, EEI” published last 19 November 2021 on Business World (online edition), contents of which are as follows:


“The Securities and Exchange Commission (SEC) has cleared the initial public offering (IPO) of property developer Haus Talk, Inc. and the preferred share offering of construction firm EEI Corp.

In a news release on Friday, the SEC said it ‘considered favorably’ both offerings during the Commission En Banc meeting on Nov. 18, making effective the registration statements of Haus Talk for 2.5 billion common shares and that of EEI Corp. for 60 million perpetual preferred shares.

. . . .

Meanwhile, EEI will offer a maximum of 40 million non-voting perpetual preferred shares to the public, with an oversubscription option of up to 20 million preferred shares, priced at P100 each.

. . . .

On the other hand, proceeds from EEI’s offer ae allotted for financing of the company’s future projects and for new equipment, to pay its existing short-term loans, and for general corporate purposes and working capital requirements.

. . . while EEI’s is RCBC Capital Corp., which will also serve as the joint lead underwriter and bookrunner along with SB Capital Investment Corp.

EEI’s preferred share offer will run from Dec. 9 to 15, ‘in time for the shares’ listing on the [stock exchange] on Dec. 24.’

. . . .””



Comment as follows:


1. On 19 November 2021, the Securities and Exchange Commission issued the pre-effective letter in consideration of the registration of Forty Million (40,000,000) cumulative, non-voting perpetual preferred shares to the public, with an oversubscription option of up to 20 million preferred shares, priced at P100 each, to be listed and traded on the Main Board of the Philippine Stock Exchange.


2. Pending regulatory approval, the EEI’s preferred share offer will run from Dec. 9 to 15. Currently, EEI is seeking to move the listing date from 24 December 2021 to 23 December 2021.


3. Any significant developments will be reported in due course.



We trust that you will find this clarification in order.
Other Relevant Information

See by way of reference:
SEC OKAYS HAUS TALK IPO, EEI PREFERRED SHARE OFFER
https://www.sec.gov.ph/pr-2021/sec-okays-haus-talk-ipo-eei-preferred-share-offer/
Filed on behalf by:
Name Teresita Salazar
Designation Sr. Legal Services Officer