C08776-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON SHARES | 1,442,216,332 | |
PREFERRED SHARES | 14,500,000 |
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Subject of the Disclosure |
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Change of External Auditor for Year 2023 |
Background/Description of the Disclosure |
Please be advised that as of date, the Board of Directors of P-H-O-E-N-I-X PETROLEUM PHILIPPINES, INC. has approved the following: |
Date of Approval by Board of Directors | Dec 15, 2023 |
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Date of Approval by Stockholders | TBA |
Previous External Auditor | Punongbayan & Araullo |
New External Auditor | PwC Philippines Isla Lipana and Company |
Effective Date of Engagement of New External Auditor | Dec 18, 2023 |
Rationale for Replacement |
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The appointment of the new auditor is in keeping with its Corporate Governance to strengthen the external auditor’s independence and enhance audit quality. |
Other Relevant Information |
Please see the attached SEC Form 17-C. |
Name | Rosalio II Roque |
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Designation | Legal Manager |