9. Former name or former address, if changed since last report
ABACUS CONSOLIDATED RESOURCES & HOLDINGS, INC.
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 SHARE
4,185,934,029
AMOUNT OF DEBT OUTSTANDING AS OF MARCH 31, 2024
55,400,000
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.
AbaCore Capital Holdings, Inc.ABA
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
REPLY TO SECURITIES AND EXCHANGE COMMISSION's NEWS CLARIFICATION
Background/Description of the Disclosure
AbaCore Capital Holdings Inc. (PSE:ABA) is writing in response to your March 5, 2024, letter regarding an article published on BusinessWorld entitled “AbaCore secures $1.6-M investment from Singapore-based firm.”
We respond and clarify two main points:
This transaction does not involve the issuance of primary shares by ABA or sale of its treasury shares. Rather, it appears that it involves the purchase of shares by investors from shareholders of ABA at that timein the open market. Abacore had no knowledge nor participation in said investment decision of the parties involved.
Abacore also had no direct involvement, participation, or solicitation in the BusinessWorld article referenced in your letter.
Given this, Abacore remains in full compliance with Rules 17.1.1.1 of the Securities Regulation Code Implementing Rules and Regulations and Section 4.5 of the Philippine Stock Exchange (PSE) Consolidated Listing and Disclosure Rules. Abacore reaffirms its commitment to comply with said reporting requirements and other regulations of the PSE and SEC.
Nevertheless, Abacore is pleased to hear that a group of foreign institutional investors invested in the shares of Abacore through the facilities of the PSE. Certainly, said investment expresses a vote of confidence not just in the company’s long-term future, but that of the Philippines as well. We, together with the PSE and this honorable SEC, support and will continue to support such developments as we foster a healthy and growing investment atmosphere in our country.
Other Relevant Information
-
Filed on behalf by:
Name
Rico De Los Reyes
Designation
Assistant Vice President, Chief Financial Officer and Comptroller