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)
Dec 19, 2024
2. SEC Identification Number
147212
3. BIR Tax Identification No.
000-323-228
4. Exact name of issuer as specified in its charter
INTERNATIONAL CONTAINER TERMINAL SERVICES, INC.
5. Province, country or other jurisdiction of incorporation
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
ICTSI Administration Building, Manila International Container Terminal, South Access Road, ManilaPostal Code1012
8. Issuer's telephone number, including area code
+632 82454101
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 stock outstanding (current)
2,027,215,203
11. Indicate the item numbers reported herein
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.
International Container Terminal Services, Inc.ICT
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
MICTSI Concession Extension
Background/Description of the Disclosure
Mindanao International Container Terminal Services Inc (MICTSI), a wholly owned subsidiary of International Container Terminal Services, Inc. (ICTSI) was granted by the PHIVIDEC Industrial Authority (PIA) an extension of its concession term to operate and manage the Mindanao Container Terminal (MCT) for another twenty-five (25) years, from 2033 to 2058.
MICTSI operates and manages the Mindanao Container Terminal (MCT) located in PHIVIDEC Industrial Estate Tagoloan, Misamis Oriental. MICTSI plans to invest more than US$100 million to extend the berth by an additional 300 meters, build other support infrastructure, and purchase additional equipment to significantly increase capacity from its present 350,000 TEU. The new berth will enable the shipping industry to deploy larger ships on new service routes to support growth and demand from Mindanao's importers and exporters. Additionally, the expansion project will further promote PHIVIDEC’s agenda to grow its locator base.
Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.