C01047-2025

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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 24, 2025
2. SEC Identification Number
41376
3. BIR Tax Identification No.
000-593-240-000
4. Exact name of issuer as specified in its charter
Synergy Grid & Development Phils., Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
16th Floor, Tycoon Center Bldg. Condominium, Pearl Drive, Pasig City, Metro Manila Postal Code 1605
8. Issuer's telephone number, including area code
(632)8584-3930
9. Former name or former address, if changed since last report
N/A
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 5,265,866,000
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.

Synergy Grid & Development Phils., Inc.SGP

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

The Arbitral Tribunal of the Singapore International Arbitration Centre (SIAC) rendered a Final Award in favor of National Grid Corporation of the Philippines (NGCP) in the case filed by NGCP against the Power Sector Assets & Liabilities Management Corporation (PSALM) and National Transmission Corporation (TRANSCO).
Background/Description of the Disclosure

On February 19, 2025, the Arbitral Tribunal of the Singapore International Arbitration Centre (SIAC) rendered a Final Award in the case filed by NGCP against the Power Sector Assets & Liabilities Management Corporation (PSALM) and National Transmission Corporation (TRANSCO). The Arbitral Tribunal declared:

1. NGCP did not breach the nationality restrictions in the Philippine Constitution, the Anti-Dummy Law, and its obligations under the Concession Agreement in relation to permitted indebtedness or insurance;
2. NGCP validly exercised its right to make the prepayment in the amount of PhP57.88 billion that it effectuated on July 15, 2013;
3. NGCP shall pay only pay approximately PhP372.77 million to TRANSCO out of its claim of around PhP3.9 billion;
4. The agreed difference for the Projects Under Construction in the amount of PhP10.106 billion shall be converted into US Dollars at the rate of 1 USD : 49.62 PhP, which is the rate claimed by NGCP to be the appropriate rate, thereby decreasing the Concession Fee to be paid by NGCP;
5. NGCP is entitled to an indemnification from PSALM and TRANSCO up to the amount of PhP56.5 million for expenses on right of way claims with interest;
6. NGCP shall be compensated by TRANSCO through a corresponding reduction in the Concession Fee for Sub-Transmission Assets (STAs) that were on the Bid Date the subject of an ongoing negotiation, and as such, remain within the Transferred Assets;
7. NGCP’s claim for capital expenditures on STAs was denied as TRANSCO is not obliged to account to NGCP in respect of any portion of the proceeds that may be attributable to NGCP’s capital expenditure;
8. NGCP has, during the Concession Period, the exclusive right and responsibility of preparing the Transmission Development Plan (TDP) on an annual basis and is entitled to deal directly, and without intervention (or prior approval) by TRANSCO, with the regulators;
9. NGCP shall be reimbursed by TRANSCO for its Retained Obligations of PhP51.8 million;
10. NGCP has the exclusive right during the Concession Period to use the Transmission Assets which includes the right to use such assets for a Related Business, including for a telecommunications system;
11. Finally, the Tribunal declared that title to any Documented Property Rights acquired by NGCP in the exercise of its power of eminent domain is to be registered in the name of TRANSCO.

Under the UNCITRAL Rules, the Tribunal’s award is final and binding on the parties and the parties are obligated to carry out the award without delay.
Other Relevant Information

Please see attached.
Filed on behalf by:
Name Andreanne Hannah Dimaandal
Designation Authorized Representative