C06215-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 2,013,409,717 | |
Preferred | 97,126,010 |
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Subject of the Disclosure |
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Subscription Agreement with Citicore Holdings Investment Inc. |
Background/Description of the Disclosure |
Pursuant to the resolutions of the Board of Directors of Megawide Construction Corporation (“Megawide”) dated February 26, 2021, on the approval of the issuance of six million five hundred thousand (6,500,000) cumulative, non-voting, non-participating, non-convertible, perpetual preferred shares to Citicore Holdings Investment Inc. (“Citicore”), as initial subscription for the increase in the authorized capital stock of Megawide (which resolutions were disclosed to the Philippine Stock Exchange on February 26, 2021), Megawide entered into a Subscription Agreement with Citicore on September 10, 2021, whereby the latter formally subscribed to 6,500,000 preferred shares of Megawide at PhP 1.00 each, and paid 25% of such subscription in cash, amounting to PhP 1,625,000.00. |
Other Relevant Information |
Please see the attached Subscription Agreement between Megawide Construction Corporation and Citicore Holdings Investment Inc. |
Name | Kimberly Bisnar |
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Designation | Assistant Corporate Secretary |