Please be advised that the change in the par value of LMG Corp.'s ("LMG") shares from Php1.00 per share to Php0.10 per share will be reflected on the PSE systems effective on Tuesday, February 13, 2024.
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)
Jan 2, 2024
2. SEC Identification Number
42020
3. BIR Tax Identification No.
047-000-526-765
4. Exact name of issuer as specified in its charter
LMG Corp.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Unit 1915, PSE Tower, 5th Ave cor 28th Street, BGC, Taguig, Metro Manila, PhilippinesPostal Code1635
8. Issuer's telephone number, including area code
+63 (2) 8636 6686
9. Former name or former address, if changed since last report
1006B West Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City, Philippines
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
1,935,441,760
11. Indicate the item numbers reported herein
Item No. 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.
LMG Corp.LMG
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 by the Securities and Exchange Commission (“SEC”) of the proposed amendment to the Amended Articles of Incorporation regarding a change in par value of LMG Corp. (the “Corporation”).
Background/Description of the Disclosure
On August 2, 2021, the Board of Directors approved the proposed amendment to the Amended Articles of Incorporation to reduce the par value of the shares of stock of LMG Corp. (the “Corporation”) from One Peso (Php1.00) to Ten Centavos (Php0.10) per share. The same was approved by the stockholders on September 16, 2021.
Date of Approval by Board of Directors
Aug 2, 2021
Date of Approval by Stockholders
Sep 16, 2021
Date of Approval by Securities and Exchange Commission
Dec 19, 2023
Previous Par Value
Php1.00
New Par Value
Php0.10
Rationale for the change in par value of the Issuer's shares
The reduction of the par value will increase the liquidity in the trading of the shares of the Corporation.
Effects on Capital Structure
Issued Shares
Type of Security /Stock Symbol
Before
After
Common Share / LMG
193,644,204
1,936,442,040
Outstanding Shares
Type of Security /Stock Symbol
Before
After
Common Share / LMG
193,544,176
1,935,441,760
Treasury Shares
Type of Security /Stock Symbol
Before
After
Common Share / LMG
100,028
1,000,280
Listed Shares
Type of Security /Stock Symbol
Before
After
Common Share / LMG
193,644,204
1,936,442,040
Procedure(s) for updating stock certificates
Details of Stock Transfer Agent
Name
Stock Transfer Service, Inc.
Address
Unit 34-D Rufino Pacific Tower, 6784 Ayala Avenue, Makati City, 1226 Philippines
Contact Person
Novelyn S. Pabalan
Inclusive dates when the old stock certificates can be replaced
Start Date
Feb 1, 2024
End Date
TBA
Documentary requirements
Individual Shareholders
a. Surrender original stock certificate/s to be replaced
b. Photocopy of one (1) valid government issued identification card of the shareholder/s of record bearing their photograph and specimen signature
c. Letter-request to replace stock certificates
Corporate Shareholders
a. Certified true copy of the corporate shareholders’ latest General Information Sheet
b. Original Secretary’s Certificate naming the authorized representative/s of the corporation with their corresponding specimen signatures
c. Photocopy of the authorized representative/s’ valid government issued identification card
d. 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 the following documents:
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 one (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
The amendment of this disclosure is to reflect the approval of the Amended Articles of Incorporation by the SEC.
LMG Corp.LMG