C04765-2021

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)
Jul 12, 2021
2. SEC Identification Number
CS200930125
3. BIR Tax Identification No.
281-768-124-000
4. Exact name of issuer as specified in its charter
MerryMart Consumer Corp.
5. Province, country or other jurisdiction of incorporation
Republic of the Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
9th Floor Tower 1 DoubleDragon Plaza, DD Meridian Park, Macapagal Ave. cor. Edsa Extension, Bay Area, Pasay City, Philippines Postal Code 1302
8. Issuer's telephone number, including area code
+63287431111
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 7,594,936,709
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.

MerryMart Consumer Corp.MM

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

MERRYMART Consumer Corp. (“MERRYMART”) has signed an Agreement with Carlos Drugs-Lucena Inc. (“Carlos SuperDrug”) to acquire a majority stake in the pharmacy chain.

Background/Description of the Disclosure

Carlos SuperDrug is the biggest pharmacy chain in Quezon Province and is set to celebrate its 75th anniversary next month. Carlos SuperDrug brand was founded in 1946 in Lucena City by the husband & wife team of Diomedes & Generosa Carlos. MerryMart to acquire a minimum post-investment stake of 67% of Carlos SuperDrug.

Carlos SuperDrug has 27 operating branches to date and is EBITDA and Net Income positive.

The current Management team of Carlos SuperDrug will continue to run the operations of the company in tandem with the MerryMart team.

“In addition to enhancing MERRYMART’s range of pharmacy offerings, this transaction will give MERRYMART greater market share in the region and increase its competitiveness whilst strengthening its supply chain as MERRYMART continues to strive to deliver better value to its customers and stakeholders,” said MERRYMART CFO Hannah Yulo-Luccini.

“We are excited to soon work with the Carlos Group to further grow the business and at the same time welcome the Pharmacy DNA to the MERRYMART ecosystem." said MERRYMART Chairman Edgar “Injap” Sia II.

"While the MERRYMART Group continues on with its organic expansion, MERRYMART will continue to keep its eyes open for M&A opportunities in both the grocery and pharmacy space that would accelerate its growth to capitalize on the continued consolidation from traditional to modern retail in the Philippines." added Mr Sia.

MERRYMART Group's various formats are MerryMart Store, MerryMart Market, MerryMart Grocery, MerryMart Wholesale and Dark Groceries. MERRYMART has recently formed a new subsidiary MM Consumer Technologies Corp with MBOX Smart Lockers as the first in its consumer technology portfolio that is expected to add and complement to the ecosystem of the MERRYMART Group.

MERRYMART has set its Vision 2030 with the goal of a total of 1,200 branches nationwide aims to generate Php 120 Billion in systemwide recurring consumer sales revenue.

Other Relevant Information

The final price and relevant terms and conditions, will be determined upon closing of the transaction.

Please see attachment.

Filed on behalf by:
Name Jose Roelph Desales
Designation Assistant Corporate Secretary