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. Legaspi Village Makati CityPostal Code1229
8. Issuer's telephone number, including area code
02 8846-7910/ 09173186964/09087380854
9. Former name or former address, if changed since last report
5th Floor Eurovilla 4 Bldg. 853 A Arnaiz Ave. 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
-
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 4-12 - Change in Par Value 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 meeting dated April 25, 2023.
Background/Description of the Disclosure
On September 13, 2022 the Board approved the increase in the par value of the shares of stocks from Ten Centavos (Php0.10) per share to One Peso (P1.00) per share subject with the approval of the stockholders and the Securities and Exchange Commission. On April 25, 2023 the Board re-approved the aforementioned increase in the par value.
Date of Approval by Board of Directors
Apr 25, 2023
Date of Approval by Stockholders
TBA
Date of Approval by Securities and Exchange Commission
TBA
Previous Par Value
Php0.10
New Par Value
Php1.00
Rationale for the change in par value of the Issuer's shares
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.
Effects on Capital Structure
Issued Shares
Type of Security /Stock Symbol
Before
After
Common Stock
8,512,658,975
851,265,897
Outstanding Shares
Type of Security /Stock Symbol
Before
After
Common Stock
8,512,658,975
851,265,897
Treasury Shares
Type of Security /Stock Symbol
Before
After
N/A
0
0
Listed Shares
Type of Security /Stock Symbol
Before
After
Common Stock
8,512,658,975
851,265,897
Procedure(s) for updating stock certificates
Details of Stock Transfer Agent
Name
Professional Stock Transfer, Inc.
Address
10th Floor Eastern Telecom Plaza Bldg. 316 Se. Gil Puyat Avenue, Makati City
Contact Person
Ms. Jennifer Serafica
Inclusive dates when the old stock certificates can be replaced
Start Date
TBA
End Date
TBA
Documentary requirements
Individual Shareholders
Procedure to change stock certificates: 1. Submit a Letter Request to change the stock certificate; 2. Surrender your old stock certificates at the office of Professional Stock Transfer Inc.'s Transfer agent at the following address: Professional Stock Transfer Inc. 10th Floor, Telecom Plaza Bldg., 316 Sen Gil Puyat Avenue, Makati City Telephone Nos. 687-4053 & 687-2733 Contact Person: Ms. Jenny Serafica 3. Submit photocopies of two (2) valid identification cards, one of which must be government issued, with the photograph and specimen signature of the stockholder; 4. The new stock certificate(s) may be released to you or your authorized representative upon presentation by the authorized representative of his/her identification card with photograph thereon, submission of photocopies of two (2) valid identification cards, one of which must be government-issued, and an original-signed authorization letter from you.
Corporate Shareholders
1) Certified true copy of the corporate shareholder's latest General Information Sheet 2) Original Secretary’s Certificate naming the authorized representative(s) of the corporation with their corresponding specimen signatures 3) Photocopy of the authorized representative’s valid government issued identification card (original must be presented for comparison) 4) Letter request to replace stock certificates
Date of availability of new stock certificates
TBA
Procedures in case of lost stock certificates
Procedures prescribed under Section 72 of the Revised Corporation Code of the Philippines must be complied with. In particular, the stockholder must submit a) An affidavit of loss in triplicate; and b) An affidavit of publication (together with the published notice) certifying that the publication was made once a week for three (3) consecutive weeks in a newspaper of general circulation.
Replacement of lost certificate(s) will be made after 1 year from the last date of publication. If the stockholder of record wishes to expedite the replacement of the lost certificate(s), a surety bond issued by a reputable insurance company must be submitted, insuring 100% of the market value of the lost shares.
Other Relevant Information
To update the date of the re-approval of the Board of Directors for the increase in the par value of shares.