Remarks C07699-2023

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)
Oct 18, 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
02 8846-7910/ 09173186964/09087380854
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
-

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 4-12 - Change in Par Value References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Approval of the Securities and Exchange Commission ( "SEC") for the amendment of Seventh Article of the Articles of Incorporation.
Background/Description of the Disclosure

The Securities and Exchange Commission has approved the Application of the company’s Amended Articles of Incorporation dated October 17, 2023, and received by the company today, 18 October 2023.

The said amendment was approved by the Board of Directors on April 25, 2023 and by the Stockholders on July 12, 2023.
Date of Approval by
Board of Directors		 Apr 25, 2023
Date of Approval by
Stockholders		 Jul 12, 2023
Date of Approval by
Securities and Exchange Commission		 Oct 17, 2023
Previous Par Value Php0.10
New Par Value Php1.00
Rationale for the change in par value of the Issuer's shares

The rationale of the increase in par value and/or the reverse stock merge is to reduce the company’s total issued and outstanding shares to a level more appropriate to the industry. To encourage the participation of institutional investors.

Effects on Capital Structure

Issued Shares
Type of Security /Stock Symbol Before After
Common Stock 8,512,658,975 851,265,897
Outstanding Shares
Type of Security /Stock Symbol Before After
Common Stock 8,512,658,975 851,265,897
Treasury Shares
Type of Security /Stock Symbol Before After
N/A 0 0
Listed Shares
Type of Security /Stock Symbol Before After
Common Stock 8,512,658,975 851,265,897

Procedure(s) for updating stock certificates

Details of Stock Transfer Agent
Name Professional Stock Transfer, Inc.
Address 10th Floor Eastern Telecom Plaza Bldg. 316 Se. Gil Puyat Avenue, Makati City
Contact Person Ms. Edelyn S. Jimeno
Inclusive dates when the old stock certificates can be replaced
Start Date Oct 25, 2023
End Date Nov 24, 2023
Documentary requirements
Individual Shareholders

Procedure to change stock certificates:
1. Submit a Letter Request to change the stock certificate;
2. Surrender your old stock certificates at the office of Professional Stock Transfer Inc.'s Transfer agent at the following address:
Professional Stock Transfer Inc.
10th Floor, Telecom Plaza Bldg., 316 Sen Gil Puyat Avenue, Makati City
Telephone Nos. 687-4053 & 687-2733
Contact Person: Ms. Jenny Serafica
3. Submit photocopies of two (2) valid identification cards, one of which must be government issued, with the photograph and specimen signature of the stockholder;
4. The new stock certificate(s) may be released to you or your authorized representative upon presentation by the authorized representative of his/her identification card with photograph thereon, submission of photocopies of two (2) valid identification cards, one of which must be government-issued, and an original-signed authorization letter from you.
Corporate Shareholders

1) Certified true copy of the corporate shareholder's latest General Information Sheet
2) Original Secretary’s Certificate naming the authorized representative(s) of the corporation with their corresponding specimen signatures
3) Photocopy of the authorized representative’s valid government issued identification card (original must be presented for comparison)
4) Letter request to replace stock certificates
Date of availability of new stock certificates TBA
Procedures in case of lost stock certificates

Procedures prescribed under Section 72 of the Revised Corporation Code of the Philippines must be complied with. In particular, the stockholder must submit
a) An affidavit of loss in triplicate; and
b) An affidavit of publication (together with the published notice) certifying that the publication was made once a week for three (3) consecutive weeks in a newspaper of general circulation.

Replacement of lost certificate(s) will be made after 1 year from the last date of publication. If the stockholder of record wishes to expedite the replacement of the lost certificate(s), a surety bond issued by a reputable insurance company must be submitted, insuring 100% of the market value of the lost shares.
Other Relevant Information

This disclosure is being amended to reflect the date of approval by the Securities and Exchange Commission (SEC) and the date of receipt thereof by the Company.
Filed on behalf by:
Name Helen Chico
Designation Compliance Officer