C05871-2023

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)
Jul 31, 2023
2. SEC Identification Number
184228
3. BIR Tax Identification No.
000-275-291-000
4. Exact name of issuer as specified in its charter
MRC ALLIED, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
4th Floor Spirit of Communications Centre 106 Carlos Palanca St. Legaspi Village Makati City Postal Code 1229
8. Issuer's telephone number, including area code
632 88467910/09178082991/09087380854
9. Former name or former address, if changed since last report
5th Floor Eurovilla 4 Bldg. 853 A Arnaiz Ave. Legaspi Village Makati City
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 8,512,658,975
11. Indicate the item numbers reported herein
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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.

MRC Allied, Inc.MRC

PSE Disclosure Form 4-26 - Legal Proceedings References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Disclosure for the Company Directors and Officers, Mr. Bernard B. Rabanzo et al received entitled case I.S. No. III-09-INV-23F-01644.
Background/Description of the Disclosure

We would like to inform the Exchange that on 27 July 2023, Mr. Augusto M. Cosio, Jr., in his capacity as President and CEO of MRC and Mr. Bernard B. Rabanzo, Director of MRC Allied Inc. (“MRC”) and in his capacity as the Chairman/President of Menlo Renewable Energy Corp. (“MREN”) received Subpoena from the Office of the Provincial Prosecutors Office Province of Nueva Ecija, Cabanatuan City entitled, Christopher F. Aguilar versus Bernard B. Rabanzo et al. and/or I.S. No. III-09-INV-23F-01644 For Estafa.

The above-named officers of MRC and MREN were required to appear at the Prosecutors Office for the Preliminary Investigation on July 24, 2023 and July 31, 2023 at 2:00 o’clock in the afternoon. They were also directed to submit their counter-affidavit and other supporting documents or affidavit of the witness/es.

The abovementioned case was filed by Mr. Christopher F. Aguilar owner of the C.F Aguilar Rice Mill (“ARM”) against Mr. Augusto M. Cosio in his capacity as President and CEO of MRC and against Mr. Bernard B. Rabanzo in his capacity as President of MREN for the recovery of Security Deposit in the amount of PHP5,000,000.00.

For the information of the public, On February 2019, Menlo Renewable Energy Corp. (MREN) entered into a Memorandum of Agreement with Mr. Aguilar for the installation and operation of 550 KW Rooftop Solar PV System for his Rice Milling Facility.

On April 19, 2023, the Memorandum of Agreement between MREN and Mr. Aguilar was terminated and thereafter Mr. Aguilar demanded for the refund of his Security Deposit in the amount of PHP5,000,000.00.

MREN requested to be given time to refund the Security Deposit. Unfortunately, Mr. Aguilar filed the complaint against Mr. Cosio, Jr., Mr. Rabanzo and a former President of MREN.

The complaint has no legal basis as the obligation of MREN is purely civil in nature. On this basis, the respondents will file their Joint Counter-Affidavit to seek the dismissal of the case.
Name of the court or agency in which the proceedings are pending Department of Justice, National Prosecution Service, Office of the Provincial Prosecutor, Provine of Nueva Ecija, Cabanatuan City
Date Instituted Jul 27, 2023
Docket Number I.S. No. III-09-INV-23F-01644
Principal Parties

Complainants:

Christopher F. Aguilar

Respondents:

Bernard B. Rabanzo et.al.
Nature and description of the legal proceedings

The above-named officers of MRC and MREN were required to appear at the Prosecutors Office for the Preliminary Investigation on July 24, 2023 and July 31, 2023 at 2:00 o’clock in the afternoon. They were also directed to submit their counter-affidavit and other supporting documents or affidavit of the witness/es.

The abovementioned case was filed by Mr. Christopher F. Aguilar owner of the C.F Aguilar Rice Mill (“ARM”) against Mr. Augusto M. Cosio, Jr. in his capacity as President and CEO of MRC and against Mr. Bernard B. Rabanzo in his capacity as President of MREN for the recovery of Security Deposit in the amount of PHP5,000,000.00.

Mr. Cosio Jr. and Mr. Rabanzo will file their Counter-Affidavit to have the case dismissed as the same has no legal and factual basis.
The effect(s) on the Issuer's business or operations, if any

No material impact.
Other Relevant Information

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Filed on behalf by:
Name Federico Prieto
Designation Corporate Secretary