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)
Mar 16, 2020
2. SEC Identification Number
CS200811530
3. BIR Tax Identification No.
007-085-191
4. Exact name of issuer as specified in its charter
NICKEL ASIA CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
28th Floor NAC Tower, 32nd Street, Bonifacio Global City, Taguig CityPostal Code1634
8. Issuer's telephone number, including area code
(632) 7798-7622
9. Former name or former address, if changed since last report
Not applicable.
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
13,633,133,117
11. Indicate the item numbers reported herein
Item 9
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.
Nickel Asia CorporationNIKL
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
Response to Securities and Exchange Commission Notice Issued on 12 March 2020 Regarding the Covid-19 Pandemic
Background/Description of the Disclosure
Response to SEC Notice Issued on 12 March 2020 Regarding the Covid-19 Pandemic
Other Relevant Information
Nickel Asia Corporation (NAC) and its operating companies ("NAC Group") continues to fully operate without sacrificing the health and well-being of its employees and communities.
NAC Group remains vigilant because the pandemic and national and local government-mandated policies necessary to contain the same may pose risks to the NAC Group’s mining operations, such as (1) potential disruption of, or delays in, the shipment of nickel ores and increase in operating costs; (2) disruptions in the supply chain that may adversely impact supply levels; and (3) potential interruption of mining operations should employees of its operating companies become infected with the Covid-19 virus.
In NAC's assessment, any adverse effects that the Covid-19 pandemic may have on one operating company is unlikely to affect the others because the mining operations of the operating companies are in different locations across the Philippines.
Notwithstanding this, the NAC Group has adopted and undertaken several risk-mitigation measures. These include (1) making adjustments to shipment schedules for transport of ores; (2) maintaining a buffer of supplies and finding alternative sources therefor; (3) implementing protocols to prevent and/or mitigate the occurrence of Covid-19 infection among its employees and personnel (guided by DOH-mandated precautionary measures), mandatory disclosure and quarantine procedures for employees ; and adoption of flexible work arrangements to minimize face-to-face contact among co-workers.
In addition, the NAC Group continues to work closely with the local governments and its host communities in the areas where we operate to minimize the disruption brought by the threat of the Covid-19 and the precautionary measures we have implemented.
Filed on behalf by:
Name
Georgina Carolina Martinez
Designation
Senior Vice President - Compliance and Corporate Services