| C07150-2026 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| Common | 1,880,546,169 | |
| Treasury | 143,953,831 |
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.
Pryce CorporationPPC| Subject of the Disclosure |
|---|
PRYCE CORPORATION REMOVES PHARMACEUTICAL BUSINESS |
| Background/Description of the Disclosure |
Please see the attached disclosure entitled: "PRYCE CORPORATION REMOVES PHARMACEUTICAL BUSINESS". |
| Date of Approval by Board of Directors |
Sep 30, 2026 |
|---|
| Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
|---|
Pryce Corporation seeks to streamline its business operations by removing its auxiliary segments, which necessarily include the pharmaceutical product arm. |
| Date | Sep 30, 2026 |
|---|
| Manner |
|---|
Deed of Assignment and Transfer of Shares |
| Description of the company to be acquired or sold |
Pryce Pharmaceuticals Inc. is a domestic corporation which is a subsidiary of Pryce Corporation, with registered business address at LGF Skyland Plaza, cor. Gil Puyat Avenue and Tindalo St., San Antonio, Makati City. Its primary purpose is to engage in the business of trading goods such as pharmaceutical products on wholesale and retail basis. |
| Number of shares to be acquired or disposed | 7,500,000 |
|---|---|
| Percentage to the total outstanding shares of the company subject of the transaction | 75 |
| Price per share | 1.00 |
| Nature and amount of consideration given or received |
|---|
The consideration for the assignment and transfer of shares will be at Seven Million Five Hundred Thousand Pesos (Php 7,500,000.00), payable in cash. |
| Principle followed in determining the amount of consideration |
Consideration is based on par value under Pryce Pharmaceuticals Inc.'s Articles of Incorporation. |
| Terms of payment |
The total amount of consideration will be paid in cash within a period of seven (7) calendar days. |
| Conditions precedent to closing of the transaction, if any |
None. |
| Any other salient terms |
None. |
| Name | Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates | |
|---|---|---|
| PGI Retirement Fund Inc. | Three of the Issuer |
| Effect(s) on the business, financial condition and operations of the Issuer, if any |
|---|
The Issuer's remaining business segments after the transaction will include liquefied petroleum gas, industrial gases, and real estate and memorial park operations. Minimal changes to the Issuer's financial condition will be expected after the transaction. |
| Other Relevant Information |
This amendment is being made to correct the contents of the attachment herein, particularly with regard to the inclusion of the actual press release. |
| Name | John Vherlin Magday |
|---|---|
| Designation | Compliance Officer |