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)
Nov 18, 2024
2. SEC Identification Number
166411
3. BIR Tax Identification No.
000187926000
4. Exact name of issuer as specified in its charter
iPeople, inc.
5. Province, country or other jurisdiction of incorporation
Makati City
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8th Floor, Mapua University Makati Campus, 1191 Pablo Ocampo Sr. Extension, Brgy. Sta Cruz, Makati CityPostal Code1205
8. Issuer's telephone number, including area code
(632) 8253-3637
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, P1.00 par value
1,044,263,197
11. Indicate the item numbers reported herein
1
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.
iPeople, inc.IPO
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
iPeople schools increase 2024-2025 enrolment with affordable education
Background/Description of the Disclosure
iPeople, inc., a joint venture between House of Investments and Ayala Corporation, announced a 10% increase in enrolment for the school year 2024-2025 with a total of 74,000 enrolled students. Fifty-four percent of this population comes from the affordable education segment.
iPeople’s National Teachers College, in particular, has grown substantially since its acquisition in 2019 with a compounded annual growth of 12%. For 2025, NTC expects to grow its student population by 12%. To address this increasing student demand, the iPeople Board of Directors approved last November 15, the expansion of NTC outside of Metro Manila to Bulacan. “This expansion will allow us to advance the Philippine educational system by making quality education more affordable and accessible to a greater number of Filipinos.” said Dr. Reynaldo B. Vea, Chairman and CEO, iPeople.