C02455-2022 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON STOCK P 0.25 PAR VALUE | 5,096,541,496 |
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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Approval of the Securities and Exchange Commission (SEC) Valuation |
Background/Description of the Disclosure |
Further to our disclosure on July 21, 2021, we advise that 540,983,008 common shares have been issued in favor of convertible note holders at a conversion price of Php0.70 per share following the Securities and Exchange Commission approval of the valuation and payment of corresponding documentary stamp taxes. As a result of the conversion, the Company’s liabilities were reduced by Php378,688,107.37 and equity was increased by the amount of Php377,335,649.85 as of April 1, 2022. The difference in the liabilities and equity pertains to the documentary stamp tax. |
Other Relevant Information |
None |
Name | Paolo Antonio Martinez |
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Designation | Asst. Vice President, Group Financial Controller, Deputy Chief Information Officer, Data Protection Officer |