C05869-2024 |
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.
Subject of the Disclosure |
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Disclosure by the Company of the Resolution by the 13th Division of the Court of Appeals on the motion for reconsideration of its June 27, 2023 Decision |
Background/Description of the Disclosure |
Further to the disclosure to the Exchange made by San Miguel Corporation (the "Company"), dated January 9, 2024, we advise that the Company received on January 17, 2024, from South Premiere Power Corp. ("SPPC") and San Miguel Energy Corporation ("SMEC"), corporate affiliates, a copy of the Resolution of the 13th Division of the Court of Appeals (the "Court"), dated December 28, 2023, provided by the external counsel of SPPC and SMEC - Poblador, Bautista, Reyes Law Offices, which affirmed the June 27, 2023 decision of the Court. The last two paragraphs of the Resolution are quoted below, as follows: |
Name of the court or agency in which the proceedings are pending | Court of Appeals - 13th Division |
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Date Instituted | Nov 10, 2022 |
Docket Number | CA G.R. SP No. 176036/176037 (Consolidated) |
Principal Parties |
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CA G.R. SP No. 176036: South Premier Power Corp. (Petitioner) v. Energy Regulatory Commission, Manila Electric Company, National Association of Electricity Consumers for Reforms, Inc. and Uriel Borja (Respondents) |
Nature and description of the legal proceedings |
Petition for Certiorari Under Rule 65 with Prayer for the Urgent Issuance of a Temporary Restraining Order and Writ of Preliminary Injunction. |
The effect(s) on the Issuer's business or operations, if any |
None |
Other Relevant Information |
Amended to submit summary of events, as per attached. |
Name | Mary Rose Tan |
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Designation | Associate General Counsel and Assistant Corporate Secretary |