C05048-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)
Jul 30, 2024
2. SEC Identification Number
A1996-11593
3. BIR Tax Identification No.
005-038-428-000
4. Exact name of issuer as specified in its charter
MANILA WATER COMPANY, INC.
5. Province, country or other jurisdiction of incorporation
QUEZON CITY, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
MWSS ADMINISTRATION BUILDING 489 KATIPUNAN ROAD BALARA QUEZON CITY Postal Code 1105
8. Issuer's telephone number, including area code
(632) 7917 5900 loc. 1404
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 (P1.00 par value) 2,596,950,346
Preferred shares (P0.10 par value) 3,563,756,068
11. Indicate the item numbers reported herein
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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.

Manila Water Company, Inc.MWC

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification on News Article: “Maynilad, Manila Water Concession Contracts Likely Extended Until 2047” posted in philSTAR.com on July 30, 2024.
Source philSTAR.com
Subject of News Report Maynilad, Manila Water Concession Contracts Likely Extended Until 2047
Date of Publication Jul 30, 2024
Clarification of News Report

We reply to your request for clarification and/or confirmation on the news article entitled “Maynilad, Manila Water Concession Contracts Likely Extended Until 2047”, posted in philSTAR.com on July 30, 2024. The news article reported in part that:

“MANILA, Philippines — The water concessionaires for Metro Manila are poised to have their contracts extended until 2047 after securing the board approval of the Metropolitan Waterworks and Sewerage System (MWSS) and endorsement to the Department of Finance (DOF).

In December last year, the MWSS board of trustees (BOT) had approved the extension until 2047 of the revised concession agreements (RCAs) of its concessionaires – Maynilad Water Services Inc. and Manila Water Co. Inc.

The MWSS BOT endorsed and submitted the approved RCAs to the DOF last month, MWSS water and sewerage management department manager Patrick Dizon confirmed to The STAR.

. . . .

The term extension of the RCAs of the two concessionaires would need the approval of the National Economic and Development Authority - Investment Coordination Committee (NEDA-ICC) as it is covered by the new Public-Private Partnership (PPP) law, Dizon said.

. . . .

Likewise, Manila Water applied for a 10-year extension of its RCA until July 31, 2047 to coincide with the expiry of its legislative franchise. The water utility firm targets to invest P1.15 trillion over the extension period to further enhance its services.

In 2022, Congress approved the 25-year extension of the franchise of Manila Water until 2047. Manila Water is the concessionaire of the government in providing water services in the East Zone service of Metro Manila and Rizal province.”


We confirm that the information contained in the above-quoted news article is correct insofar as the board approval of MWSS for the extension of the concession agreement until 2047 is concerned. However, MWC clarifies that the definitive agreement for the extension of MWC’s concession agreement has not yet been fully executed at this time, pending acknowledgment of the Republic of the Philippines, through the Department of Finance. We cannot comment on Mr. Dizon’s statement regarding the supposed requirement of NEDA-ICC approval.

We hope to have clarified the above-quoted news article for the benefit of the Exchange and the investing public.


Thank you.
Other Relevant Information

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Filed on behalf by:
Name Ninez Maningat
Designation Assistant Corporate Secretary