C02521-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 13,489,226,623 |
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Subject of the Disclosure |
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Signing of an agreement for the sale by Cemex Asia B.V. of its shares in Cemex Asian South East Corporation, the principal shareholder of Cemex Holdings Philippines, Inc. (“CHP”) |
Background/Description of the Disclosure |
The Board of Directors of Cemex Holdings Philippines, Inc. (CHP) has received advice today from its indirect parent company, Cemex Asia B.V. (the “Seller”), about the signing of an agreement dated April 25, 2024 between the Seller and DMCI Holdings, Inc. (“DMC”), Semirara Mining and Power Corporation and Dacon Corporation (together, the “Buyers”) for the sale of its 42,140,266 common shares, representing 100% of the outstanding share capital, in Cemex Asian South East Corporation (“CASEC”), for a consideration of US$ 305.6 million. CASEC, in turn, owns approximately 89.86% of CHP. |
Other Relevant Information |
See attached CHP’s SEC Form 17-C dated 25 April 2024. |
Name | Jannette Sevilla |
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Designation | Corporate Secretary and Compliance Officer |