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)
Mar 6, 2023
2. SEC Identification Number
16342
3. BIR Tax Identification No.
000-169-020-000
4. Exact name of issuer as specified in its charter
SM Investments Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor, OneE-com Center, Harbour Drive, Mall of Asia Complex, Pasay CityPostal Code1300
8. Issuer's telephone number, including area code
(632) 8857-0105
9. Former name or former address, if changed since last report
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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
1,222,023,358
11. Indicate the item numbers reported herein
Item 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.
SM Investments CorporationSM
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
Tender Offer Terms and Conditions of 2GO Shares
Background/Description of the Disclosure
Ladies and Gentlemen:
At the special meeting of the Board of Directors of SM Investments Corporation (SMIC) held today, March 6, 2023, the Board approved the following matters in relation to SMIC’s disclosures last February 28, 2023 on the conduct by SMIC of a tender offer for up to 378,817,279 common shares of 2GO Group, Inc. (2GO):
1. Setting the tender offer price at Php14.64 per common share of 2GO based on the fairness valuation report prepared by BPI Capital Corporation, authorized by The Philippine Stock Exchange, Inc. for the purpose; 2. Setting the tender offer period from March 15 to April 28, 2023; and 3. Setting the payment and settlement of the tendered shares from May 2 to 10, 2023.