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)
Mar 6, 2024
2. SEC Identification Number
A1997-13456
3. BIR Tax Identification No.
005-029-401
4. Exact name of issuer as specified in its charter
Concepcion Industrial Corporation
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
308 Sen. Gil Puyat Ave., Makati CityPostal Code1209
8. Issuer's telephone number, including area code
87721819
9. Former name or former address, if changed since last report
N/A
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 Shares
396,912,491
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.
Concepcion Industrial Corporation CIC
PSE Disclosure Form 9-1 - Share Buy-Back Transactions References: Section 9 of the Revised Disclosure Rules
Subject of the Disclosure
Buy-Back Transaction
Background/Description of the Disclosure
As disclosed last July 27, 2022, the Board of Directors approved the extension of the common shares buy-back program of Concepcion Industrial Corporation (the “Company”) from September 9, 2022 to September 9, 2024. This program was originally approved last September 9, 2019 and was scheduled to run from September 10, 2019 to September 9, 2022. The extension authorizes the Company to repurchase up to the balance of Php177,837,818.00 of the authorized buyback amount of Php300,000,000.00.
The buyback program will not involve active and widespread solicitation from stockholders and will not adversely affect the Company’s ability to fund any of its prospective and existing projects/investments. The buyback program will be executed through the open market by means of the trading facilities of the Philippine Stock Exchange and implemented by the Chairman and CEO, and the Chief Finance and Operating Officer of the Company.
Type of Securities
Common
Preferred-
Others-
Details of Share Buy-Back Transaction(s)
Date of Transaction
Number of Shares Purchased
Price Per Share
Mar 6, 2024
1,000,000
12
1,000,000
Effects on Number of Shares
Before
After
Outstanding Shares
397,912,491
396,912,491
Treasury Shares
9,351,400
10,351,400
Cumulative Number of Shares Purchased to Date 1
8,592,700
Total Amount Appropriated for the Buy-Back Program
Php 300,000,000.00
Total Amount of Shares Repurchased
Php 179,705,263,00
Other Relevant Information
N/A
1 From the date when the share buy-back program commenced.