C06748-2021

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)
Oct 8, 2021
2. SEC Identification Number
AS092-00589
3. BIR Tax Identification No.
001-817-292
4. Exact name of issuer as specified in its charter
Greenergy Holdings Incorporated
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
54 National Road, Dampol II-A, Pulilan, Bulacan Postal Code 3005
8. Issuer's telephone number, including area code
(02) 8997-5184
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 Shares 2,600,778,573
Preferred Shares 1,000,000,000
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.

Greenergy Holdings IncorporatedGREEN

PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Amendment of Articles of Incorporation

Background/Description of the Disclosure

This refers to the amendment of the Seventh Article of the Articles of Incorporation (“AOI”) of Greenergy Holdings Incorporated (the “Company”) in order to increase of authorized capital stock of the Company from Php2,000,000,000.00, divided into: (i) 1,900,000,000 common shares with a par value of Php1.00 per share; and (ii) 1,000,000,000 preferred shares with a par value of 10 centavos per share to Php5,000,000,000.00, divided into: (i) 4,900,000,000 common shares with a par value of Php1.00 per share; and (ii) 1,000,000,000 preferred shares with a par value of 10 centavos per share (the “Application”).

The Company is pleased to announce that today, it received the Certificate of Approval of Increase of Capital Stock dated 17 September 2021 issued by the Securities and Exchange Commission approving the Application. Consequently, the Seventh Article of the AOI of the Company was effectively amended to reflect the foregoing increase in its capital stock.

Date of Approval by
Board of Directors
May 22, 2019
Date of Approval by Stockholders Dec 11, 2012
Other Relevant Regulatory Agency, if applicable N.A.
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Date of Approval by Securities and Exchange Commission Sep 17, 2021
Date of Receipt of SEC approval Oct 8, 2021
Amendment(s)
Article No. From To
Article VII Two Billion Pesos (Php2,000,000,000.00), divided into the following: (i) common shares, consisting of one billion nine hundred million (1,900,000,000) shares with a par value of One Peso (Php1.00) for a total par value of One Billion Nine Hundred Million Pesos (Php1,900,000,000.00); and (ii) preferred shares, consisting of one billion (1,000,000,000) shares with a par value of ten centavos (Php0.10) per share for a total par value of One Hundred Million Pesos (Php100,000,000.00). Five Billion Pesos (Php5,000,000,000.00), divided into the following: (i) common shares, consisting of four billion nine hundred million (4,900,000,000) shares with a par value of One Peso (Php1.00) for a total par value of Four Billion Nine Hundred Million Pesos (Php4,900,000,000.00); and (ii) preferred shares, consisting of one billion (1,000,000,000) shares with a par value of ten centavos (Php0.10) per share for a total par value of One Hundred Million Pesos (Php100,000,000.00).
Rationale for the amendment(s)

To effect the increase of the Company's authorized capital stock

The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC Dec 16, 2019
Expected date of SEC approval of the Amended Articles of Incorporation Oct 8, 2021
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

The authorized capital stock of the Company is now increased from Two Billion Pesos to Five Billion Pesos (Php5,000,000,000.00) while the total issued and outstanding shares and paid up-capital of the Company will increase to Two Billion, Six Hundred Million Seven Hundred Seventy Eight Thousand Five Hundred Seventy Three (2,600,778,573) and Two Billion Twenty Six Million Nine Hundred Three Thousand Five Hundred Seventy Three Pesos (Php2,026,903,573.00), respectively.

Other Relevant Information

The stockholders of the Company approved the amendment of the Company’s Articles of Incorporation and By-Laws to effect the increase of authorized capital stock from P2 Billion up to an amount not exceeding P10 Billion and delegated the determination thereof to the Board of Directors during the Annual Stockholders’ Meeting held on 11 December 2012, and confirmed such authority at the Annual Stockholders’ Meeting held on 20 December 2017.

This report is being updated to indicate the date of approval of the SEC of the amendments to the Company’s Articles of Incorporation as well as the effect of the amendment to the capital structure of the Company.

Please see attached Certificate of Approval of Increase of Capital Stock issued by the SEC and Amended Articles of Incorporation of the Company

Filed on behalf by:
Name Paula Katrina Nora
Designation Corporate Secretary