C05982-2024

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)
Sep 11, 2024
2. SEC Identification Number
CS200716094
3. BIR Tax Identification No.
006-895-049-000
4. Exact name of issuer as specified in its charter
Converge Information and Communications Technology Solutions, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
New Street Building, Mc Arthur Highway, Balibago, Angeles City, Pampanga Postal Code 2009
8. Issuer's telephone number, including area code
(02) 8667-0888
9. Former name or former address, if changed since last report
Not Applicable
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 7,266,573,061
Fixed Rate Bonds 10,000,000,000
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.

Converge Information and Communications Technology Solutions, Inc.CNVRG

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Converge announces dividend policy, declares P1.3-B special cash dividend

Background/Description of the Disclosure

Leading Philippine fiber broadband and technology provider Converge ICT Solutions Inc. (PSE: CNVRG) has announced its inaugural dividend policy which aims at maintaining a 25% to 30% payout ratio based on the net income from its latest audited financial statements, following the approval by its Board of Directors during their last meeting Tuesday, September 10, 2024.

Following its robust performance in the first half of the year and having considered future cash requirements for expansion and growth, Converge also declared a special cash dividend amounting to P1.31 billion or P0.18 per share to all outstanding common shareholders on record as of September 24, 2024, ahead of its 2025 target dividend declaration announced during its initial public offering (IPO) in October 2020. The special cash dividend is payable on October 10, 2024.

Other Relevant Information

Please see attached Press Release

Filed on behalf by:
Name Laurice Tuason
Designation Corporate Compliance Officer