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 29, 2024
2. SEC Identification Number
6030
3. BIR Tax Identification No.
000-498-020-000
4. Exact name of issuer as specified in its charter
Security Bank Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Security Bank Centre 6776 Ayala Avenue, Makati CityPostal Code0719
8. Issuer's telephone number, including area code
+632 8867-6788
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
753,538,887
Preferred Shares (not listed)
1,000,000,000
11. Indicate the item numbers reported herein
Item No. 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.
Security Bank CorporationSECB
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Acquisition of 25% stake in HC Consumer Finance Philippines, Inc., also known as Home Credit Philippines.
Background/Description of the Disclosure
Please be informed that Security Bank Corporation, through its Executive Committee, as delegated by the Board of Directors, approved today the acquisition of a 25% stake in HC Consumer Finance Philippines, Inc. (HCPH), also known as Home Credit Philippines.
Security Bank will purchase the 25% ownership stake in HCPH from MUFG Bank Ltd. for approximately PHP11 billion. Krungsri (Bank of Ayudhya PCL and its business units) will continue to hold a 75% ownership stake in HCPH and remain the majority shareholder.
The completion of this transaction will be subject to regulatory approvals and fulfillment of other conditions, with target closing in the first quarter of 2025.
Other Relevant Information
Please refer to the attached disclosure.
Filed on behalf by:
Name
GRACE AYSON
Designation
First Vice President/Assistant Corporate Secretary