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)
Jan 18, 2023
2. SEC Identification Number
147212
3. BIR Tax Identification No.
000-323-228
4. Exact name of issuer as specified in its charter
INTERNATIONAL CONTAINER TERMINAL SERVICES, INC.
5. Province, country or other jurisdiction of incorporation
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
ICTSI Administration Building, Manila International Container Terminal, South Access Road, ManilaPostal Code1012
8. Issuer's telephone number, including area code
+63 2 82454101
9. Former name or former address, if changed since last report
Not Applicable
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 Outstanding (Current)
2,030,340,949
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.
International Container Terminal Services, Inc.ICT
PSE Disclosure Form 4-8 - Change in Directors and/or Officers (Resignation/Removal or Appointment/Election) References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Retirement and Appointment
Background/Description of the Disclosure
Retirement of Rafael D. Consing, Jr. as Chief Financial Officer and Compliance Officer of International Container Terminal Services, Inc. (ICTSI) and the appointment of Emilio Manuel V. Pascua as ICTSI’s new Chief Financial Officer.
Resignation/Removal or Replacement
Name of Person
Position/Designation
Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)
Reason(s) for Resignation/Cessation
RAFAEL D. CONSING, JR
Chief Financial Officer and Compliance Officer
01/18/2023
Nomination to a national government position
Election or Appointment
Name of Person
Position/Designation
Date of Appointment/Election (mmm/dd/yyyy)
Effective Date of Appointment Election (mmm/dd/yyyy)
Shareholdings in the Listed Company
Nature of Indirect Ownership
Direct
Indirect
-
-
-
-
-
-
-
Promotion or Change in Designation
Name of Person
Position/Designation
Date of Approval (mmm/dd/yyyy)
Effective Date of Change (mmm/dd/yyyy)
Shareholdings in the Listed Company
Nature of Indirect Ownership
From
To
Direct
Indirect
EMILIO MANUEL V. PASCUA
Vice President, Global Corporate Mergers and Acquisitions
Chief Financial Officer
1/18/2023
1/18/2023
31,426
-
-
Other Relevant Information
The Board of Directors of International Container Terminal Services, Inc. (ICTSI) announces that Mr. Rafael D. Consing,Jr. is retiring from his role as Chief Financial Officer and Compliance Officer with immediate effect.
Mr. Rafael D. Consing Jr. (“Joel”) has accepted his nomination to a position in the Office of the Presidential Adviser on Investment and Economic Affairs, Office of the President of the Republic of the Philippines. He will be replaced by Mr. Emilio Manuel V. Pascua as ICTSI’s Chief Financial Officer.
------------------------------------------------------------------ Enrique K. Razon Jr., Chairman and President of ICTSI said: ”During his 15 years at ICTSI, the last seven of which as CFO, Joel Consing has made a very significant contribution to the success of the business, and we have accepted his retirement with regret. At the same time, we are happy that Joel will be moving on to an important role of national responsibility within the Office of the President of the Republic of the Philippines. I congratulate Joel on this new role outside of ICTSI.
I am pleased to announce that Emilio Manuel V. Pascua will replace Joel Consing as the company’s Chief Financial Officer effective immediately. His experience will be a great asset to the business, and we look forward to working with him to continue to deliver value to all of ICTSI’s stakeholders.” -------------------------------------------------------------------- Mr. Pascua joined ICTSI in 2013 as Director of Corporate Finance. He was appointed Director, Head of Mergers and Acquisitions in 2020 and was promoted to VP, Global Mergers and Acquisitions in 2021. Prior to joining ICTSI, he held various positions in finance and business development in the container terminal industry, as well as infrastructure project financing. He received his Masters in Business Administration from the Wharton School, University of Pennsylvania in 2003.