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)
- May 3, 2023
- 2. SEC Identification Number
- A199600179
- 3. BIR Tax Identification No.
- 004-6688-224
- 4. Exact name of issuer as specified in its charter
- NOW CORPORATION
- 5. Province, country or other jurisdiction of incorporation
- METRO MANILA, PHILIPPINES
- 6. Industry Classification Code(SEC Use Only)
- 7. Address of principal office
- Unit 5-I, 5th Floor OPL Building, 100 C. Palanca Street, Legaspi Village, Makati City Postal Code 1229
- 8. Issuer's telephone number, including area code
- +632 88102548
- 9. Former name or former address, if changed since last report
- -
- 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 1,806,726,314 - 11. Indicate the item numbers reported herein
- 9. Other Events
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.
Now CorporationNOW
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules
| Subject of the Disclosure |
|---|
Press Release |
| Background/Description of the Disclosure |
NOW Corporation and OneWeb Network Access Associates Limited, a Low Earth Orbit (LEO) satellite communications company announce that they have signed a Memorandum of Understanding to bring high-speed, low-latency broadband connectivity to the Philippines. The partnership combines the innovative satellite technology of OneWeb with NOW Corp’s existing broadband service and strong local presence especially in the enterprise market. OneWeb’s LEO satellites will provide seamless connectivity, enabling NOW to offer a wide range of enhanced broadband services to sectors including government, aviation, maritime, military, energy, healthcare and banking. Under this MoU, OneWeb will bring to enterprise, government and other customers in the Philippines the connectivity solutions it offers in a swiftly growing number of markets. With its constellation of LEO satellites now fully built out, OneWeb is set to complete its rollout of global coverage this year. By tapping into the power of this global network, NOW will be able to extend services into hard-to-reach areas and enhance the speed, latency and resiliency of its existing offerings. |
| Other Relevant Information |
The foregoing disclosure contains forward looking statements that are based on the terms of the MOU between NOW Corporation and OneWeb Network Access Associates Limited and are subject to unforeseen events. Actual results could differ from those contemplated in the relevant forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company (or persons acting on behalf of the Company) are expressly qualified in their entirety by the above cautionary statements. |
| Name | Angeline Macasaet |
|---|---|
| Designation | Corporate Secretary |