C00896-2024

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)
Feb 21, 2024
2. SEC Identification Number
A199600179
3. BIR Tax Identification No.
004-668-224
4. Exact name of issuer as specified in its charter
NOW Corporation
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Unit 5-I, 5th Floor OPL Building, 100 C. Palanca Street, Legaspi Village, Makati City Postal Code 1229
8. Issuer's telephone number, including area code
(02) 88102548
9. Former name or former address, if changed since last report
-
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 1,806,726,314
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.

Now CorporationNOW

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

SEC EIPD Order dated 16 February 2024.

Background/Description of the Disclosure

On 21 February 2024, NOW Corporation received an Order dated 16 February 2024 from the Enforcement and Investor Protection Department (EIPD) of the Securities and Exchange Commission (SEC) denying the Company’s Request for Reconsideration relative to EIPD’s Order dated 15 June 2023 finding of an alleged violation of Section 24.1(d) of the Securities Regulation Code. The dispositive portion of the EIPD Order states, “WHEREFORE, premises considered, the REQUEST FOR RECONSIDERATION dated 03 July 2023 filed by NOW CORPORATION and MR. MEL V. VELARDE is hereby DENIED for lack of merit.” The alleged violation emanated from NOW Corporation’s disclosure dated 10 November 2021 stating that it has no knowledge of the details surrounding the Motions filed by the National Telecommunications Commission through the Office of the Solicitor General regarding the alleged unpaid Supervision and Regulation Fees and Spectrum User Fees of NOW Telecom Company, Inc. (a separate entity). The Company disagrees with the Orders of the EIPD and has referred the matter to its legal counsel to appeal the same to the SEC en banc.

Other Relevant Information

Attached to the report is a copy of SEC Form 17-C.

Filed on behalf by:
Name Angeline Macasaet
Designation Corporate Secretary