C08052-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Stock | 611,639,122 |
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.
Subject of the Disclosure |
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Collection of Sum of Money and Damages |
Background/Description of the Disclosure |
This is to inform the Exchange that on 17 December 2024, I-Remit, Inc. received Summons from the Regional Trial Court Branch 268 Pasig City for the case entitled "Union Bank of the Philippines versus I-Remit, Inc., Ben C. Tiu, Harris D. Jacildo, Bernadette Cindy Tiu, Gilbert C. Gaw, Jose Joel Y. Pusta, Bansan C. Choa, Benjamin John C. Tiu, and Lanie G. Cortez", or Case No,. R-PSG-24-01024-CV for Collection of Sum of Money and Damages (with Application for the Issuance of a Writ of Preliminary Attachment). |
Name of the court or agency in which the proceedings are pending | Regional Trial Court Branch 268 Pasig City |
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Date Instituted | Apr 17, 2024 |
Docket Number | R-PSG-24-01024-CV |
Principal Parties |
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Plaintiff: |
Nature and description of the legal proceedings |
Collection of Sum of Money and Damages (with Application for the Issuance of a Writ of Preliminary Attachment) |
The effect(s) on the Issuer's business or operations, if any |
Management will evaluate the effect of the legal proceeding on the corporation’s operations and business plans. |
Other Relevant Information |
Pertinent updates to this case shall be disclosed in due course. |
Name | Anna Francesca Respicio |
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Designation | Corporate Secretary |