C06931-2022

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)
Sep 13, 2022
2. SEC Identification Number
184228
3. BIR Tax Identification No.
000-275-291-000
4. Exact name of issuer as specified in its charter
MRC ALLIED, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
4th Floor Spirit of Communications Centre 106 Carlos Palanca St. Legazpi Village Makati City Postal Code Euro
8. Issuer's telephone number, including area code
632 88467910/09173186964/09087380854
9. Former name or former address, if changed since last report
5th Floor Eurovilla 4 Bldg. 853 A Arnaiz Avenue, Legazpi Village, Makati City
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 STOCK 8,512,658,975
11. Indicate the item numbers reported herein
-

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.

MRC Allied, Inc.MRC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Result of the company's regular Board Meeting.
Background/Description of the Disclosure

We would like to inform the Exchange that the Board of Directors of the Company held earlier today at Spirit of Communications Centre 106 Carlos Palanca St. Legazpi Village, Makati City, where a quorum was present, the Board unanimously approved the following:

1. The approval of the minutes of the previous board meeting held last June 14, 2022.

2. The Board of Directors has approved that Mr. Augusto M. Cosio, Jr., President & CEO to be the authorized representative in relation with the coordination, talk, transact and negotiate for the possible acquisition of 5G Security Inc., subject with the due diligence of the company.

That for the purpose of acquiring 5G Security Inc., MRC hereby designates the President & CEO to be its authorized representative to act for and in behalf, with full authority to sign, obtain, execute, deliver, file and process any and all documentary requirements necessary to execute the transaction, as well as to enter into any and all transactions relative thereto.

5G Security Inc. is a fast-growing, technology-driven security solutions provider operating all over the Philippines. The company ensures excellent and cost-effective manned security, system, cyber, and risk management services for its clients. As of this date the total asset of the company is Two Hundred Forty Eight Million Nine Hundred Forty Five Thousand Thirty Six Pesos (Php248, 945,036).

The acquisition will depend on the result of the due diligence that shall be conducted whether to push through or not. Hence, no definite structure/details can be given about the acquisition as of this date.

3. The Board of Directors has approved the increase in par value of MRC shares from Php0.10 to Php1.00. The rationale of the increase in par value and/or the reverse stock merge is to reduce the company’s total issued and outstanding shares to a level more appropriate to the industry. To encourage the participation of institutional investors.
Other Relevant Information

"Please note that this disclosure contains soft information and/or forward-looking information, which includes, but not limited to: (a) the approval of the authorized representative and to conduct the due diligence of the Company (b) and possible acquisition of shares owned and held by 5G Security Inc. ("5GS"); The statements made pertaining to the disclosure do not guarantee future contracts, obligations and/or performance and undue reliance should not be placed upon them. As disclosed, the contemplated transaction is subject with the due diligence and the fulfillment of certain conditions, the non-fulfillment of either one gives rise to the possibility of the transaction not pushing through.

The disclosure is being made to give the public the opportunity to understand the Company's position in respect of the future. The Company shall update the public for any development on the due diligence conducted by the company. “
Filed on behalf by:
Name Johnston Brusola
Designation Corporate Secretary