C07636-2022

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)
Oct 13, 2022
2. SEC Identification Number
CS201308147
3. BIR Tax Identification No.
008-521-690
4. Exact name of issuer as specified in its charter
RASLAG CORP.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
1905 Robinsons Equitable Tower, ADB Ave. cor. Poveda St., Ortigas Center, Pasig City Postal Code 1605
8. Issuer's telephone number, including area code
(02) 8636-6488
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 1,500,000,000
11. Indicate the item numbers reported herein
9

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.

Raslag Corp.ASLAG

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

Material Actions of the Board of Directors
Background/Description of the Disclosure

Please be informed that during the meeting of the Board of Directors of RASLAG CORP. (the “Company”) held today, the following items were approved:

a. Change in the business address of the Company effective on October 16, 2022, shown below as follows:

FROM: 1905 ROBINSONS EQUITABLE TOWER, ADB AVE.COR. POVEDA ST., ORTIGAS CENTER, PASIG CITY
TO: 1210 ROBINSONS EQUITABLE TOWER, ADB AVE.COR. POVEDA ST., ORTIGAS CENTER, PASIG CITY

The rationale for the change of business address is to move to a bigger space and accommodate the growing needs of the Company and its personnel.

b. Amendment of the Articles of Incorporation to change the Principal Office of the Company, shown below as follows:

FROM: 1905 ROBINSONS EQUITABLE TOWER, ADB AVE.COR. POVEDA ST., ORTIGAS CENTER, PASIG CITY
TO: ROBINSONS EQUITABLE TOWER, ADB AVE.COR. POVEDA ST., ORTIGAS CENTER, PASIG CITY

This amendment shall be presented for approval/ratification by the stockholders during the next annual stockholders’ meeting and subject to the approval of the Securities and Exchange Commission.

c. Borrowing of a maximum amount of P250,000,000.00 (below the materiality threshold for related party transactions) from the Company’s affiliates.

d. Change in the Use of Proceeds from the Initial Public Offering of Shares of the Company as follows, the execution of which shall be 30 days or more from today.

i.) Reallocation of a portion of the funds for the Construction and development works to Payment for the balance of RASLAG-4 Land to fully pay the same, shown below as follows:

FROM
Construction and Development Works-Amount
Land Conversion-7,000,000
Project Development, Technical Works and Feasibility Studies-11,000,000
Permits and Approvals, and Initial Payments for Right of Way of Transmission Lines-30,000,000
Project Implementation, Down Payment for Onshore and Offshore Suppliers-332,000,000
TOTAL--380,000,000

TO
Construction and Development Works-Amount
Land Conversion-7,000,000
Project Development, Technical Works and Feasibility Studies-11,000,000
Permits and Approvals, and Initial Payments for Right of Way of Transmission Lines-30,000,000
Project Implementation, Down Payment for Onshore and Offshore Suppliers-291,366,055
TOTAL--339,366,000
Payment for the balance of RASLAG-4 Land-40,633,945
GRAND TOTAL--380,000,000


ii.) Moving up of the schedule of disbursement of the P380 mn funds to allow the early start of the development and construction of RASLAG-4, shown below as follows:

FROM
Funding the equity portion of RASLAG 4’s development and construction
Amount of allocation: P380mn
Estimated Schedule of Disbursement: 1H 2023


TO
Funding the equity portion of RASLAG 4’s development and construction, and payment for the balance of RASLAG-4 Land
Amount of allocation: P380mn
Estimated Schedule of Disbursement: Starting mid-November 2022
Other Relevant Information

Please see attachment.
Filed on behalf by:
Name Lyra Gracia Lipae-Fabella
Designation Investor Relations and Compliance Officer