9. Former name or former address, if changed since last report
The Issuer has not changed its address since its last report to the Honorable Commission.
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
1,036,281,485
EEIPA
15,000,000
EEIPB
45,000,000
EEIPC
20,000,000
EEIPD
60,000,000
11. Indicate the item numbers reported herein
N/A
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.
EEI CorporationEEI
PSE Disclosure Form 4-21 - Redemption of Security References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Redemption of EEI Series A Preferred Shares (PSE: EEIPA)
Background/Description of the Disclosure
As per the terms and conditions of the Prospectus dated December 3, 2021, the Optional Redemption in respect of the cumulative, non-voting, non-participating, non-convertible, redeemable, non-reissuable Perpetual Series A Preferred Shares (“Series A Preferred Shares” or “EEIPA”) is 3.5 years from the Listing Date (December 23, 2021) or on June 23, 2025.
In this regard, the Board of Directors approves the exercise of the Company’s Optional Redemption of the outstanding Series A Preferred Shares issued by the Company and listed on the Philippine Stock Exchange.
The terms of the offer provide that the redemption price for Series A Preferred Shares shall be equal to the Issue Price (PhP100.00) of the Preferred Shares plus all dividends due them as well as all dividends in arrears after deduction of transfer costs customarily chargeable to stockholders, as applicable, to effect the redemption (the “Redemption Price”).
The Redemption Price shall be paid in check beginning 23 June 2025, to shareholders of record as of 09 June 2025. The redeemed shares shall be considered retired and can no longer be re-issued.
Date of Approval by Board of Directors
May 20, 2025
Record Date, if applicable
Jun 9, 2025
Redemption Price
PhP100.00
Redemption Period
N/A
Redemption Date
Jun 23, 2025
Effects on the capital structure
Issued Shares
Type of Security/Stock Symbol
Before
After
Common / EEI
1,036,281,485
1,036,281,485
EEIPA
15,000,000
15,000,000
EEIPB
45,000,000
45,000,000
EEIPC
20,000,000
20,000,000
EEIPD
60,000,000
60,000,000
Outstanding Shares
Type of Security/Stock Symbol
Before
After
Common / EEI
1,036,281,485
1,036,281,485
EEIPA
15,000,000
0
EEIPB
45,000,000
45,000,000
EEIPC
20,000,000
20,000,000
EEIPD
60,000,000
60,000,000
Treasury Shares
Type of Security/Stock Symbol
Before
After
Common / EEI
119,901
119,901
EEIPA
0
15,000,000
EEIPB
0
0
EEIPC
0
0
EEIPD
0
0
Listed Shares
Type of Security/Stock Symbol
Before
After
Common / EEI
1,036,281,485
1,036,281485
EEIPA
15,000,000
15,000,000
EEIPB
45,000,000
45,000,000
Effect(s) on foreign ownership level, if any
Reduction on foreign ownership by 0.35% from foreign shareholders of EEIPA shares.
Other Relevant Information
This disclosure is being amended to reflect the completion of the redemption of the EEI Preferred Shares Series A. The said Shares will form part of the Treasury Shares and shall be considered retired until the Authorized Capital Stock has been amended.
EEI CorporationEEI