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)
Nov 11, 2026
2. SEC Identification Number
40979
3. BIR Tax Identification No.
000-194-465
4. Exact name of issuer as specified in its charter
SEAFRONT RESOURCES CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7F, JMT BUILDING, ADB AVE., ORTIGAS CENTER, PASIG CITYPostal Code1600
8. Issuer's telephone number, including area code
0286372917
9. Former name or former address, if changed since last report
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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
133,074,040
TREASURY
29,925,960
11. Indicate the item numbers reported herein
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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.
Seafront Resources CorporationSPM
PSE Disclosure Form 4-12 - Change in Par Value References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Change in Par Value
Background/Description of the Disclosure
On November 11, 2026, the Board approved the proposed increase in the par value of Seafront Resources Corporation’s (the “Corporation”) shares from One Peso (Php1.00) per share to One Thousand Pesos (Php1,000.00) per share, together with the corresponding amendment to the Corporation’s Articles of Incorporation to reflect the change in par value, subject to the requisite stockholders’ approval through written assent and the approval of the Securities and Exchange Commission (SEC).
The resulting fractional shares shall be acquired by the Corporation and will be consolidated and held as treasury shares, or retired subject to applicable laws, rules, and regulations.
Date of Approval by Board of Directors
Nov 11, 2026
Date of Approval by Stockholders
TBA
Date of Approval by Securities and Exchange Commission
TBA
Previous Par Value
Php1.00
New Par Value
Php1,000.00
Rationale for the change in par value of the Issuer's shares
After the completion of the tender offer, a substantial number of shares remain held by minority shareholders, many of which are believed to be deceased and/or unresponsive. To address this and rationalize the Corporation’s shareholder base, the Board approved to implement a reverse stock split ("RSS") through an amendment of the Articles of Incorporation.
Effects on Capital Structure
Issued Shares
Type of Security /Stock Symbol
Before
After
COMMON STOCK/SPM
163,000,000
163,000
Outstanding Shares
Type of Security /Stock Symbol
Before
After
COMMON STOCK/SPM
133,074,040
132,689
Treasury Shares
Type of Security /Stock Symbol
Before
After
COMMON STOCK/SPM
29,925,960
30,311
Listed Shares
Type of Security /Stock Symbol
Before
After
COMMON STOCK/SPM
163,000,000
163,000
Procedure(s) for updating stock certificates
Details of Stock Transfer Agent
Name
RCBC Trust Corporation
Address
G/F Grepalife Building, Gil J. Puyat Ave. Makati City
Contact Person
Mr. Antonio B. Madrid, Jr.
Inclusive dates when the old stock certificates can be replaced
Seafront Resources CorporationSPM