C03626-2023

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 10, 2023
2. SEC Identification Number
0000091447
3. BIR Tax Identification No.
000190324000
4. Exact name of issuer as specified in its charter
SEMIRARA MINING AND POWER CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
2/F DMCI Plaza, 2281 Don Chino Roces Avenue, Makati City Postal Code 1231
8. Issuer's telephone number, including area code
632-88883000
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 4,250,547,620
11. Indicate the item numbers reported herein
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.

Semirara Mining and Power CorporationSCC

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

News Article Entitled “Semirara keen on building new coal-fired power plant”
Source BusinessMirror (Online Edition)
Subject of News Report “Semirara keen on building new coal-fired power plant”
Date of Publication May 8, 2023
Clarification of News Report

We refer to the news article entitled “Semirara keen on building new coal-fired power plant” posted in BusinessMirror (Online Edition) on May 8, 2023, which reported in part that:

“Consunji-led Semirara Mining and Power Corp. (SMPC) will pursue plans to develop a 700-megawatt (MW) coal-fired power plant, via subsidiary St. Raphael Power Generation Corp., as part of its long-term goals to further grow its power generation business.

‘We are open to purchasing other plants but the prices being offered in the market makes it better for us to pursue developing new plants like our San Rafael rather than purchase existing plants,’ said SMPC Chairman Isidro Consunji.

The 700MW power project under St. Rafael was supposed to be a joint venture between SMPC and Meralco PowerGen Corp. (MGen), the power generation business of Manila Electric Co. However, both firms decided to call off the project due to transmission line constraints.

. . . . ”

With reference to the foregoing news article, we confirm the above statement of the Corporation's Chairman and Chief Executive Officer, Isidro A. Consunji.

The information in the above-mentioned news article constitutes forward-looking statements and does not guarantee future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown uncertainties, which may cause actual performance to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Other Relevant Information

In accordance with SEC Notice issued on March 17, 2020, attached herewith is SEC Form 17-C for your immediate reference.
Filed on behalf by:
Name John Sadullo
Designation Vice President - Legal and Corporate Secretary