9. Former name or former address, if changed since last report
N/A
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
4,000,000,004
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.
Coal Asia Holdings IncorporatedCOAL
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
Approval by the Board of Directors and stockholders of the proposed amendment to the Amended Articles of Incorporation regarding a change in par value of Coal Asia Holdings Incorporated (the “Corporation”).
Background/Description of the Disclosure
On May 23 2024, the Board of Directors approved the proposed amendment to the Amended Articles of Incorporation to reduce the par value of the shares of stock of Coal Asia Holdings Incorporated (the “Corporation”) from One Peso (Php1.00) to Ten Centavos (Php0.10) per share.
At the Annual Stockholders' Meeting of the Stockholders of the Corporation held earlier today (01 July 2024), the stockholders approved the proposed amendment.
Date of Approval by Board of Directors
May 23, 2024
Date of Approval by Stockholders
Jul 1, 2024
Date of Approval by Securities and Exchange Commission
TBA
Previous Par Value
Php 1.00
New Par Value
Php 0.10
Rationale for the change in par value of the Issuer's shares
The proposed amendment to Article VII shall reflect the decrease in the par value of shares of stock from Php 1.00 to Php 0.10 to improve the liquidity in the trading of the Corporation's shares, as well as boost investor interest in and wider distribution of the Corporation's shares of capital stock thereby shoring up its marketability.
Effects on Capital Structure
Issued Shares
Type of Security /Stock Symbol
Before
After
Common Share/COAL
4,000,000,004
40,000,000,040
Outstanding Shares
Type of Security /Stock Symbol
Before
After
Common Share/COAL
4,000,000,004
40,000,000,040
Treasury Shares
Type of Security /Stock Symbol
Before
After
N/A
0
0
Listed Shares
Type of Security /Stock Symbol
Before
After
Common Share/COAL
4,000,000,004
40,000,000,040
Procedure(s) for updating stock certificates
Details of Stock Transfer Agent
Name
Professional Stock Transfer, Inc.
Address
10th Floor Telecom Plaza Building 316 Gil Puyat Avenue, Makati City PHILIPPINES, 1209
Contact Person
Hilda Amion
Inclusive dates when the old stock certificates can be replaced
Start Date
TBA
End Date
TBA
Documentary requirements
Individual Shareholders
N/A
Corporate Shareholders
N/A
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 the following documents:
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 one (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
This disclosure was amended to indicate the date of stockholders' approval (1 July 2024).
Coal Asia Holdings IncorporatedCOAL