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
13,277,470,000
PREFERRED
960
11. Indicate the item numbers reported herein
ITEM NO. 9
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.
DMCI Holdings, Inc.DMC
PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarfication of News Report
Source
Bilyonaryo.com
Subject of News Report
Hammered by COVID: Sid Consunji shuts down DMCI’s P900 million steel fabrication plant to end the bleeding
Date of Publication
Apr 4, 2024
Clarification of News Report
April 4, 2024
DISCLOSURE DEPARTMENT The Philippine Stock Exchange 6/F PSE Tower 5th Ave. cor. 28th Street Bonifacio Global City, Taguig
Attention: Ms. Jenesis Ysabelle A. Bayaborda
Gentlemen: We reply to your request for clarifications on the news article entitled “Hammered by COVID: Sid Consunji shuts down DMCI’s P900 million steel fabrication plant to end the bleeding” published in Bilyonaryo.com on April 2, 2024, it was reported in part that:
“DMCI Holdings led by bilyonaryo Sid Consunji has dropped the axe on its steel making plant in Calaca, Batangas, a victim of the COVID-19 pandemic.
DMCI made the decision last October to close down the P900 million steel fabrication plant, which commenced operations eight years ago.
D.M. Consunji Inc., a DMCI subsidiary, told Bilyonaryo.com cited ‘a prolonged decline in demand and unsustainable operational costs, attributed to the COVID-19 pandemic (which broke out in March 2020) and its subsequent impact on the Philippine construction sector’ for the steel plant’s closure.
‘This decision was the result of an extensive evaluation of market conditions and a rigorous assessment of all viable alternatives. We are currently exploring several business prospects to leverage the existing infrastructure and generate new growth opportunities for our stakeholders,’ D.M. Consunji said.
. . . .”
We confirm the closure of the Calaca Steel Fabrication Plant of our subsidiary, D.M. Consunji, Inc. (DMCI). This decision will not materially affect the operational capacity of our construction business since DMCI can reallocate steel fabrication work to its other strategic business units.