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)
Feb 15, 20222. SEC Identification Number
CS2004114613. BIR Tax Identification No.
232-715-069-0004. Exact name of issuer as specified in its charter
Megawide Construction Corporation5. Province, country or other jurisdiction of incorporation
Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office
No 20 N. Domingo Street, Barangay Valencia, Quezon CityPostal Code11128. Issuer's telephone number, including area code
(02) 8655-11119. Former name or former address, if changed since last report
Not Applicable10. 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 |
2,013,409,717 |
|
Preferred |
97,126,010 |
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.
Megawide Construction CorporationMWIDE
PSE Disclosure Form 4-21 - Redemption of Security References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules|
Subject of the Disclosure
|
Redemption of Megawide Construction Corporation's ("Megawide") Series 1 Preferred Shares
|
|
Background/Description of the Disclosure
|
On 19 October 2021, the Board of Directors of Megawide approved the redemption of its Series 1 Preferred Shares, with stock symbol MWP, on 03 December 2021, which is the 7th anniversary of its listing date on 03 December 2014.
The redemption of the Series 1 Preferred Shares was completed on 15 February 2022.
|
|
Date of Approval by Board of Directors
| Oct 19, 2021 |
|
Record Date, if applicable
| Nov 9, 2021 |
|
Redemption Price
| PhP 100.00 per share |
|
Redemption Period
| - |
|
Redemption Date
| Dec 3, 2021 |
Effects on the capital structure
Issued Shares
|
Type of Security/Stock Symbol
|
Before
|
After
|
| MWIDE |
2,399,426,127 |
2,399,426,127 |
|
MWP |
40,000,000 |
40,000,000 |
|
MWP2A |
26,220,130 |
26,220,130 |
|
MWP2B |
17,405,880 |
17,405,880 |
|
MWP3 (Unlisted) |
20,000,000 |
20,000,000 |
Outstanding Shares
|
Type of Security/Stock Symbol
|
Before
|
After
|
| MWIDE |
2,013,409,717 |
2,013,409,717 |
|
MWP |
40,000,000 |
0 |
|
MWP2A |
26,220,130 |
26,220,130 |
|
MWP2B |
17,405,880 |
17,405,880 |
|
MWP3 (Unlisted) |
20,000,000 |
20,000,000 |
Treasury Shares
|
Type of Security/Stock Symbol
|
Before
|
After
|
| MWIDE |
386,016,410 |
386,016,410 |
|
MWP |
0 |
40,000,000 |
|
MWP2A |
0 |
0 |
|
MWP2B |
0 |
0 |
|
MWP3 (Unlisted) |
0 |
0 |
Listed Shares
|
Type of Security/Stock Symbol
|
Before
|
After
|
| MWIDE |
2,399,420,199 |
2,399,420,199 |
|
MWP |
40,000,000 |
40,000,000 |
|
MWP2A |
26,220,130 |
26,220,130 |
|
MWP2B |
17,405,880 |
17,405,880 |
|
MWP 3 (Unlisted) |
0 |
0 |
|
Effect(s) on foreign ownership level, if any
| The effect of the redemption will decrease the number of foreign shareholders of Megawide's preferred shares. |
|
Other Relevant Information
|
Upon redemption, the Series 1 Preferred Shares shall be considered retired.
|
Filed on behalf by:|
Name
|
Charlotte King
|
|
Designation
|
Legal Counsel
|
