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)
Jan 20, 2025
2. SEC Identification Number
31168
3. BIR Tax Identification No.
002-724-446-000
4. Exact name of issuer as specified in its charter
A BROWN COMPANY, INC.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Xavier Estates Uptown, Airport Road, Balulang, Cagayan de Oro CityPostal Code9000
8. Issuer's telephone number, including area code
Liaison Office - (02) 8631-8890 / (02) 8633-3135
9. Former name or former address, if changed since last report
-
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
2,372,367,911 shares
Preferred Stock – Series A
13,264,900 shares
Preferred Stock – Series B
7,431,750 shares
Preferred Stock – Series C
6,941,000 shares
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.
A Brown Company, Inc.BRN
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
Authorization to Enter a Joint Venture Agreement for the Misamis Oriental Capitol Compound Development Project
Background/Description of the Disclosure
Please be advised that the Corporation’s Board of Directors has authorized today the President and Chief Executive Officer to enter into a Joint Venture Agreement (JVA) with the Provincial Government of Misamis Oriental.
The JVA covers the Misamis Oriental Capitol Compound Development Project (the “Project”) which seeks to develop, under an integrated Master Development Plan, a portion of the Misamis Oriental Provincial Capitol Compound into a mixed-use complex including the development of necessary public infrastructure, construction of a high rise multi-purpose building, commercial and office buildings, a dormitory, and a public park. The Project is to be developed in four (4) parts with total investment committed by the Corporation of Two Billion Five Hundred Million Pesos (Php 2,500,000,000.00)(the “Investment Commitment”).
Parts 1-3 (Phase One) of the Project will include the development and construction of Office Spaces, a Commercial/Shopping Center, a Park and Parking facilities. Part 4 (Phase Two) of the Project will include the development and construction of a Multilevel Mixed-Use building with a Dormitory.
The JVA is expected to be signed on January 23, 2025 after which the Corporation will be making a more comprehensive disclosure on the final terms and conditions thereof.
Other Relevant Information
-
Filed on behalf by:
Name
Allan Ace Magdaluyo
Designation
Senior Finance Manager/Corporate Information Officer/Compliance Officer