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)
Feb 3, 2025
2. SEC Identification Number
175222
3. BIR Tax Identification No.
242-603-734-000
4. Exact name of issuer as specified in its charter
Vivant Corporaiton
5. Province, country or other jurisdiction of incorporation
Mandaluyong City
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
9th Floor, Oakridge IT Center 3, Oakrige Business Park, A.S. Fortuna Street, Barangay Banilad, Mandaue City, CebuPostal Code6014
8. Issuer's telephone number, including area code
(032) 234-2256; (032) 234-2285
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
1,023,456,698
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.
Vivant CorporationVVT
PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarification of News Report appearing in BusinessWorld (Online Edition)
Source
BusinessWorld
Subject of News Report
Vivant plans P4.5-B capex focusing on solar, wind power
Date of Publication
Feb 3, 2025
Clarification of News Report
We write with respect to the attached news article entitled “Vivant plans P4.5-B capex focusing on solar, wind power” posted in BusinessWorld (online edition) on February 3, 2025, which reported that :
“CEBU-BASED energy and water company Vivant Corp. is allocating P4.5 billion for its 2025 capital expenditure (capex), focusing primarily on renewable energy projects such as solar and wind power developments.
This year’s budget is higher compared to last year since most of the projects were in the pre-development stage, said Vivant Chief Finance Officer Minuel Carmela N. Franco.
‘When it’s pre-development, the outlay and investment are very minimal. We’ll start the outlay once development begins,’ Ms. Franco told reporters last week.
For 2025, Vivant is expecting to roll out solar power projects with a total capacity of 115 megawatts (MW), as well as a 200-MW wind power project in Samar, said Vivant Chief Executive Officer Arlo Angelo G. Sarmiento. . . . .
‘A lot of the work involves groundbreaking this year,’ Mr. Sarmiento said.
Most of the power generated from the company’s energy projects will be supplied to its retail electricity supply (RES) arm.
‘That’s one of our newer strategies that we’re trying to execute — building plants and then bringing them to market through the RES market, the retail market,’ Mr. Sarmiento said.”
. . . .
In response to the Exchange’s correspondence dated February 3, 2025, Vivant clarifies the information reported in the online new article quoted in the correspondence in the attached statement.
Other Relevant Information
Please see attached document to clarify the news article.
Filed on behalf by:
Name
Catherine Bringas
Designation
Senior Assistant Vice President - Legal & Compliance, Assistant Corporate Secretary, and Compliance Officer