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)
Sep 2, 2022
2. SEC Identification Number
CS200716094
3. BIR Tax Identification No.
006-895-049-000
4. Exact name of issuer as specified in its charter
Converge Information and Communications Technology Solutions, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
New Street Building, Mc Arthur Highway, Balibago, Angeles City, PampangaPostal Code2009
8. Issuer's telephone number, including area code
(02) 8667-0888
9. Former name or former address, if changed since last report
N/A
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
7,266,573,061
Fixed Rate Bonds
10,000,000,000
11. Indicate the item numbers reported herein
Item 9. Other events
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.
Converge Information and Communications Technology Solutions, Inc.CNVRG
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 of News Report
Source
Bloomberg
Subject of News Report
Philippine Firm Converge Said to Weigh $1 Billion Unit Deal
Date of Publication
Sep 1, 2022
Clarification of News Report
We are preparing this clarification report to address the details of the news article, "Philippine Firm Converge Said to Weigh $1 Billion Unit Deal," published by Bloomberg on September 1, 2022 with regard to Converge Information and Communications Technology Solutions, Inc.’s (“CNVRG” or the “Company”) reported consideration of selling a minority stake in the Company’s infrastructure platform for a potential deal size of $1 billion depending on size and structure.
While management is aware of the significant value of its infrastructure assets and is regularly reviewing opportunities to maximize shareholder value, no decision has been made on any such transaction and details thereof.
The Company will disclose any material transaction as they arise in due course.