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)
Sep 15, 2026
2. SEC Identification Number
39121
3. BIR Tax Identification No.
000-141-527-000
4. Exact name of issuer as specified in its charter
PHILWEB CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
41st Floor, One San Miguel Avenue Condominium, San Miguel Avenue corner Shaw Boulevard, Ortigas Center, Pasig City, PhilippinesPostal Code1605
8. Issuer's telephone number, including area code
0288454171
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
1,595,307,422
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.
PhilWeb CorporationWEB
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
PhilWeb Sells Treasury Shares to JKS Tech Solutions Inc. (Update on the First Closing Sale of Web Treasury Shares)
Background/Description of the Disclosure
PhilWeb Corporation executed last a Share Purchase Agreement with JKS Tech Solutions Inc. for the sale of Eighty-One Million Three Hundred Eighty Thousand Seven Hundred Ninety-Two (81,380,792) common shares forming part of the Company's treasury stock, at a purchase price of Sixteen Pesos and Fifty Centavos ( Php 16.50) per share. The aggregate purchase price for the sale of the shares is One Billion Three Hundred Forty-Two Million Seven Hundred Eighty-Three Thousand Sixty-Eight Pesos (Php 1,342,783,068.00).
On 15 September 2026, at First Closing Twenty Million Three Hundred Forty-Five Thousand One Hundred Ninety-Nine (20,345,199) shares was sold, through a block sale using the facilities of the PSE, for a First Closing Payment of Three Hundred Thirty-Five Million Six Hundred Ninety-Five Thousand Seven Hundred Eighty-Three Pesos and Fifty Centavos (Php. 335,695,783.50).
At the Second Closing, Sixty-One Million Thirty-Five Thousand Five Hundred Ninety-Three (61,035,593) shares will be sold for a Second Closing Payment of One Billion Seven Million Eighty-Seven Thousand Two Hundred Eighty-Four Pesos and Fifty Centavos (¿1,007,087,284.50). The transaction remains subject to the satisfaction of the applicable terms and conditions set forth in the Share Purchase Agreement.
Other Relevant Information
JKS Tech Solutions, Inc. (“JKS”) is a Philippine B2B technology, platform and digital infrastructure company serving licensed mid-market operators in the digital entertainment sector. The shares to be acquired by JKS represent approximately 4.85% of PhilWeb Corporation’s issued and outstanding shares.