C03090-2023

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)
Apr 26, 2023
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 1229
8. Issuer's telephone number, including area code
632 88467910/09178082991/09087380854
9. Former name or former address, if changed since last report
5/F Eurovilla 4 Bldg. 853 A Arnaiz Avenue Legaspi 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
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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 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Result of the company's regular Board meeting dated April 25, 2023.

Background/Description of the Disclosure

The amendments of the Seventh Article of the Articles of Incorporation for the increase in the par value of the Company from Ten Centavos (Php0.10) per share to One Peso (P1.00) per share was previously approved by the Board of Directors dated September 13, 2022 and re-approved on April 25, 2023 by the Board subject with the approval of the stockholders and the Securities and Exchange Commission.

Date of Approval by
Board of Directors
Apr 25, 2023
Date of Approval by Stockholders TBA
Other Relevant Regulatory Agency, if applicable Securities and Exchange Commission (SEC)
Date of Approval by Relevant Regulatory Agency, if applicable TBA
Date of Approval by Securities and Exchange Commission TBA
Date of Receipt of SEC approval TBA
Amendment(s)
Article No. From To
Seventh Php0.10 Php1.00
Rationale for the amendment(s)

The rationale of the increase in par value 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.

The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC TBA
Expected date of SEC approval of the Amended Articles of Incorporation TBA
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

The amendment for the increase in par value will help to encourage institutional investors.

Other Relevant Information

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Filed on behalf by:
Name Helen Chico
Designation Compliance Officer