C06937-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 19,535,000,000 |
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Subject of the Disclosure |
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Subscription Framework Agreement |
Background/Description of the Disclosure |
Pursuant to the previous shareholders’ approvals on 05 July 2023 and 31 July 2024, the Board of Directors of the Corporation approved a resolution authorizing the Corporation to sign and execute a Subscription Framework Agreement for the potential investment by Summit Telco Corporation Pte. Ltd. (“Summit Telco”). For this purpose, the Board authorized the Corporation’s Chairman, Dennis A. Uy, and its President, Donald Patrick L. Lim, to fix, negotiate, finalize the terms of the investment, final amounts thereof, timing and tranches of the subscriptions, and other terms, and to sign necessary agreements for the investment, including subscription agreements. In this regard, the Corporation executed a Subscription Framework Agreement for Summit Telco to subscribe in up to 9 billion primary common shares of the Corporation, subject to the execution of subscription agreements containing the terms and conditions of the relevant subscription and share issuance. |
Other Relevant Information |
Please see attached SEC Form 17-C. |
Name | Leandro Abarquez |
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Designation | Corporate Legal Counsel |