9. Former name or former address, if changed since last report
UB 111 Paseo de Roxas Bldg., Paseo de Roxas Avenue, Legaspi Village, Makati City
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
14,668,643,064
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.
Basic Energy CorporationBSC
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
Results of the 10 February 2025 Regular Board Meeting of BSC
Background/Description of the Disclosure
The Board of Directors of Basic Energy Corporation (the “Corporation”) held its regular board meeting on 10 February 2025, with a quorum present, and on motion duly moved and seconded, approved the following:
1. Amendments to the Joint Development Shareholders’ Agreement (“JDSHA”) between Renova, Inc. and the Company’s subsidiary, RDG Wind Energy Corporation (“RDG”) pertaining to the following: a. Total number of Purchase Shares and Purchase Price b. Total subscription of the Company in RDG c. Additional deliverables of the Company on or prior to Closing
2. Appointment of the Company’s Vice Chairman and CEO, Mr. Oscar de Venecia Jr. to negotiate and sign the amended JDSHA and other documents related thereto.
3. Appointment of the Company’s President and COO, Mr. Luisito Poblete as authorized representative of the Company in the Special Stockholders’ Meeting of RDG Wind Energy Corporation (in relation to the aforementioned amendments to the JDSHA)