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)
Jul 24, 2025
2. SEC Identification Number
184228
3. BIR Tax Identification No.
000-275-291-000
4. Exact name of issuer as specified in its charter
MRC ALLIED, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
4th Floor Spirit of Communications Centre 106 Carlos Palanca St. Legaspi Village Makati CityPostal Code1229
8. Issuer's telephone number, including area code
632 88467910/09178082991
9. Former name or former address, if changed since last report
5th Floor Eurovilla 4 Bldg. 853 A Arnaiz Avenue, Legazpi 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 Stock
851,265,897
11. Indicate the item numbers reported herein
-
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.
MRC Allied, Inc.MRC
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
Result of MRC Regular Board Meeting dated 24 July 2025.
Background/Description of the Disclosure
We would like to inform the Exchange that the meeting of the Board of Directors of the Company held earlier today, July 24, 2025 at the Spirit of Communications Centre 106 Carlos Palanca St. Legaspi Village, Makati City, where a quorum was present, the Board unanimously approved the following:
1. The approval of the minutes of the previous board meeting held at the 7th Floor Spirit of Communications Centre 106 Carlos Palanca St. Legaspi Village, Makati City.
2. Approval of the Subscription to 333,333,333 Common Shares at Subscription Price of PHP1.00 Per Share or a total of PHP333,333,333.00 by way of the previously approved Private Placement. The timeline for the execution of the Subscription Agreement is ten (10) days from the date of this approval.
3. Approval of the authority of the President, Mr. Augusto M. Cosio, Jr. to sign and execute the Subscription Agreement for and on behalf of the company.
4. Approval of the use of proceeds of the aforementioned subscription for the following:
a. The amount of up to PHP180,000,000.00 will be earmarked for the possible acquisition of ownership interest in renewable energy companies and/or assets. The President is given the power and authority to immediately identify renewable energy company and/or assets for possible acquisition of ownership percentage and initiate negotiations with the appropriate party subject for further approval of the Board.
b. For payment of duly recorded advances up to the amount of PHP150,000,000.00. The President is given the power and authority to immediately implement the approved payment upon receipt of the consideration for the subscription to the Private Placement.