C06764-2024

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)
Oct 24, 2024
2. SEC Identification Number
12397
3. BIR Tax Identification No.
000107026000
4. Exact name of issuer as specified in its charter
PHINMA Corporation
5. Province, country or other jurisdiction of incorporation
Makati City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Level 12 PHINMA Plaza, 39 Plaza Drive, Rockwell Center, Makati City Postal Code 1210
8. Issuer's telephone number, including area code
(632)8-8700100
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 286,325,265
11. Indicate the item numbers reported herein
-

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.

Phinma CorporationPHN

PSE Disclosure Form 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Updates on the Stock Rights Offering

Background/Description of the Disclosure

Please be informed that The Philippine Stock Exchange, Inc. (“PSE”) per its Notice of Approval issued on October 21, 2024, has approved the application of PHINMA Corporation (the “Company”) for the listing of up to 51,493,306 common shares (“Offer Shares”) for the Company’s planned Stock Rights Offering (“SRO”) of common shares to be issued from the unissued capital stock of the Company, at an offer price range of [Php 19.42 to Php 21.55] per Offer Share. The PSE also approved the indicative timetable of the Offer activities of the Company.

The preliminary prospectus is available in this link https://www.phinma.com.ph/?wpdmdl=2693

On October 16, 2024, the Securities and Exchange Commission issued a Notice of Confirmation of Exempt Transaction confirming that the Offer is exempt from the registration requirements of the Securities Regulation Code.

Please refer to the following link for the Preliminary Offer Terms Sheet posted on the PSE EDGE website:
https://edge.pse.com.ph/openDiscViewer.do?edge_no=f741d97f135c43c4abca0fa0c5b4e4d0

During the regular Board Meeting of the Company held on 6 August 2024, the Board of Directors approved the conduct of the SRO of up to Php 1 billion for the purpose of increasing capital and to support the general corporate requirements of its subsidiaries.

Date of Approval by Board of Directors Aug 6, 2024
Entitlement Ratio 1 Offer Share for every 5.56 to 6.17 common shares held
Offer Price Php19.42 to Php21.55
Number of Shares to be Offered Up to 51,493,306
Ex-Rights Date Nov 7, 2024
Record Date Nov 8, 2024
Start of Offer Period Nov 13, 2024
End of Offer Period Nov 19, 2024
Use of Proceeds

To support PHINMA Corporation's subsidiaries in relation to their relevant expansion plans, increase capital for the Company's potential new ventures and/or general corporate purposes

Other Relevant Information

The disclosure is being amended to reflect the Notice of Approval by the PSE, the indicative timetable of the Offer activities, the Notice of Confirmation of Exempt Transaction by the SEC, and the Preliminary Offer Terms Sheet posted on the PSE EDGE website.

Filed on behalf by:
Name Rolando Soliven
Designation Vice President Corporate Governance and Chief Compliance Officer