9. Former name or former address, if changed since last report
Not applicable
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
1,127,098,705
Debt Securities (Bond in Billion PhP)
7
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.
Manila Electric CompanyMER
PSE Disclosure Form ETF-12- Material Information/Transactions Reference: Section 6 of the Rules on Exchange Traded Funds
Subject of the Disclosure
Proposed investment in Radius Telecoms, Inc. (“Radius”) by PLDT Inc.
Background/Description of the Disclosure
Please be informed that Paragon Vertical Corporation ("Paragon") which is a wholly-owned subsidiary of e-Meralco Ventures, Inc. ("EMVI"), is in discussion with PLDT Inc. regarding its proposed investment in Radius Telecom, Inc. ("Radius"), a wholly owned subsidiary of Paragon amounting to PhP2.1 Billion. PLDT plans to acquire 2,491,516 shares of common stock, representing 34.9% equity interest in Radius, subject to due diligence and execution of definitive agreements.
Radius is engaged in the business of providing enhanced telecommunications services to enterprise customers and also offers broadband internet services to residential consumers.
EMVI is a wholly-owned subsidiary of the Manila Electric Company.
This disclosure may contain forward looking statements and information that are, by their nature, subject to significant risks, uncertainties, and assumptions. Many factors could make or cause the actual results, performance, or achievements to be materially different from those expressed or implied in this disclosure. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein.
Other Relevant Information
Please refer to attached disclosure.
Filed on behalf by:
Name
Jocelyn Villar-Altamira
Designation
Senior Assistant Vice President and Head, Corporate Governance and Compliance