Remarks C05101-2023

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)
Jun 29, 2023
2. SEC Identification Number
7443
3. BIR Tax Identification No.
000-062-736
4. Exact name of issuer as specified in its charter
East Coast Vulcan Corporation
5. Province, country or other jurisdiction of incorporation
METRO MANILA PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
4TH Floor, Pacific Star Building, Low Rise Tower, Makati Avenue corner Senator Gil Puyat Avenue, Makati City Postal Code 1209
8. Issuer's telephone number, including area code
028511-8312
9. Former name or former address, if changed since last report
Formerly VULCAN INDUSTRIAL & MINING CORPORATION
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 Stock 6,630,000,000
11. Indicate the item numbers reported herein
Item 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.

East Coast Vulcan CorporationECVC

PSE Disclosure Form 4-32 - Reply to Exchange's Query

Subject of the Disclosure

This disclosure is additional information in relation to the Memorandum of Agreement (“MOA”) between Hilario and Sofia Pagauitan and Techno-Asia Construction and Devt. Incorporated (“TACD”) for the assignment and transfer by Sps. Pagauitan of the 486,055,662 partially paid shares of the Company (the “Shares”) to TACD.
Description of the Disclosure

Please be informed that after close of business on June 22, 2023, Hilario G. Pagauitan and Sofia G. Pagauitan (“Sps. Pagauitan”), the Chairman and Vice-Chairman of East Coast Vulcan Corporation (formerly, Vulcan Industrial & Mining Corporation) (the “Company”), respectively, signed and entered into a Memorandum of Agreement (“MOA”) with Techno-Asia Construction and Devt. Incorporated (“TACD”) for the assignment and transfer by Sps. Pagauitan of the 486,055,662 partially paid shares of the Company (the “Shares”) to TACD. The Shares currently represent 7.33% of the outstanding capital stock of 6,630,000,000 common shares. TACD is a non-related third party and is not related to the Spouses, ECVC and its directors and officers.

Under the MOA, Sps. Pagauitan and TACD shall enter into a Deed of Assignment evidencing the assignment and transfer of the Shares to TACD upon the issuance by the Bureau of Internal Revenue of the Certificate Authorizing Registration for the previous transfer of Shares from National Book Store to Sps. Pagauitan. Further, under the MOA, TACD shall assume the obligation to pay to the Company the unpaid subscription balance for the Shares not later than September 21, 2023, in either cash, shares, and/or assets acceptable to the Company’s Board of Directors.

The execution of the proposed Deed of Assignment and the transfer of the Shares to TACD is expected to result in a change in public ownership to 21.80% which is in compliance with the PSE’s 20% minimum public ownership requirement.
Information Requested

Please find attached file.
Filed on behalf by:
Name Edgardo Caringal
Designation Senior Vice President - Operations, Chief Compliance Officer