C03975-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 7,520,983,658 |
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Subject of the Disclosure |
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Shareholders’ Agreement among Filinvest Development Corporation, JG Summit Holdings, Inc., Philippine Airport Ground Support Solutions, Inc., and Changi Airports Philippines (I) Pte. Ltd. in connection with their ownership interest in Luzon International Premiere Airport Development Corp. |
Background/Description of the Disclosure |
We would like to inform you that on 7 June 2021, JG Summit Holdings, Inc. (“JGSHI”) signed a Shareholders’ Agreement with Filinvest Development Corporation (“FDC”), Philippine Airport Ground Support Solutions, Inc. (“PAGSS”), and Changi Airports Philippines (I) Pte. Ltd. (“CAP”) in connection with their ownership interest in Luzon International Premiere Airport Development Corp. (“LIPAD”). LIPAD is the special purpose vehicle incorporated by the North Luzon Airport Consortium comprised of FDC, JGSHI, PAGSS and CAP for the management, operations and maintenance of Clark International Airport. Under the Shareholders’ Agreement, FDC will hold 42.5%, JGSHI will hold 33%, CAP will hold 15%, and PAGSS will hold 9.5% stake in LIPAD. |
Other Relevant Information |
N/A |
Name | Maria Celia Fernandez-Estavillo |
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Designation | Senior Vice President, General Counsel and Corporate Secretary |