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)
Aug 16, 2023
2. SEC Identification Number
63824
3. BIR Tax Identification No.
322268
4. Exact name of issuer as specified in its charter
CTS Global Equity Group, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
27/F East Tower, Tektite Towers, Exchange Road, Ortigas Center, Pasig CityPostal Code1605
8. Issuer's telephone number, including area code
+63286355735
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 Shares
6,875,000,000
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.
CTS Global Equity Group, Inc.CTS
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
Results of the Meeting of the Board of Directors
Background/Description of the Disclosure
Please be informed that at the meeting of the Board of Directors of CTS Global Equity Group, Inc. (the “Company”) held today, 16 August 2023, the following resolutions were approved:
1. Operations and Financial Report of the Company for the quarter ended 30 June 2023.The Company’s Quarterly Report on SEC Form 17-Q for said period will be filed on or before 22 August 2023.
2. Revision in the estimated timing of disbursement of the proceeds realized from the Initial Public Offering (“Offer”) of 1,375,000,000 common shares at an offer price of Php1.00 per share conducted on 13 April 2022. The total proceeds from the Offer amounted to Php1,375,000,000.00.
3. Proposed amendments to the Company’s By-Laws as specified in the attachment.