C04855-2023
Ex-Date : Aug 29, 2023

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)
Jun 20, 2023
2. SEC Identification Number
CS2011102137
3. BIR Tax Identification No.
007-979-726-000
4. Exact name of issuer as specified in its charter
Cirtek Holdings Philippines Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
116 East Main Avenue Phase V SEZ Laguna Technopark Binan Laguna Postal Code 4024
8. Issuer's telephone number, including area code
02 7729 62 05
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
TECH 668,505,825
11. Indicate the item numbers reported herein
Item 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.

Cirtek Holdings Philippines CorporationTECH

PSE Disclosure Form 6-1 - Declaration of Cash Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Cash Dividend Declaration
Background/Description of the Disclosure

By way of background, the Board of Directors of Cirtek Holdings Philippines Corporation (“TECH”), in its regular meeting held on 20 January 2023, approved the declaration of cash dividend of US$0.015 per share for each of the Twenty Million (20,000,000) outstanding and issued Preferred B-2 Subseries B Shares (“Preferred B-2B Shares”) amounting to an aggregate sum of Three Hundred Thousand US Dollars (US$300,000.00), for each Dividend Period on September and December 2023.

Subject to the conditions for the declaration and payment of dividends and pursuant to the Features, Terms and Conditions of the Preferred B-2B Shares, the schedule of the payment and distribution of the cash dividends provided above shall be made to the entitled shareholders on the following dates:
i. 18 September 2023 to shareholders of record as of 1 September 2023; and
ii. 18 December 2023 to shareholders of record as of 1 December 2023.

In its regular meeting held on 16 June 2023, the Board of Directors of TECH approved the adjustment of the dividend rate from 6.00% per annum to 10.00% per annum effective 18 June 2023. Consequently, the cash dividend for the September and December Dividend Periods shall be adjusted to US$0.025 per share for each of the Twenty Million (20,000,000) outstanding and issued Preferred B-2B Shares amounting to an aggregate sum of Five Hundred Thousand US Dollars (US$500,000.00) per Dividend Period.

Type of Securities

Cash Dividend
Date of Approval by Board of Directors Jun 16, 2023
Other Relevant Regulatory Agency, if applicable Not Applicable
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Type (Regular or Special) Regular
Amount of Cash Dividend Per Share US$0.025
Record Date Sep 1, 2023
Payment Date Sep 18, 2023
Source of Dividend Payment

Unrestricted Retained Earnings of the Company as of 31 December 2022
Other Relevant Information

The Amendment was to reflect changes on the Dividend Rate based on the approved Adjustment of the Dividend Rate in relation to the subsequent declaration of dividends of the Preferred B-2 Subseries B Shares of the Company from 6.00% to 10.000% per annum effective 18 June 2023.
The Company applied the Step-up Rate of 10.00% p.a. for the September 2023 Dividend Payment Period
By way of background the The Board of Directors of TECH, in its special meeting held on 2 December 2020, approved the setting of the Dividend Rate of the Preferred B2 Subseries B Shares to 6% per annum.
Filed on behalf by:
Name Emelita Cruzada
Designation Chief Compliance Officer