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 22, 2023
2. SEC Identification Number
845
3. BIR Tax Identification No.
000-508-536-000
4. Exact name of issuer as specified in its charter
Solid Group Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
2285 Don Chino Roces Avenue, Makati CityPostal Code1231
8. Issuer's telephone number, including area code
(632)8843=1511
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
1,821,542,000
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.
Solid Group, Inc.SGI
PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Results of Annual Stockholders' Meeting
Background/Description of the Disclosure
We advise that the annual stockholders' meeting of Solid Group Inc. was held today, June 22, 2023
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person
Shareholdings in the Listed Company
Nature of Indirect Ownership
Direct
Indirect
Susan L. Tan
78,645
0
N/A
David S. Lim
79,488,591
5,000,000
Shares held by member of immediate family sharing the same household
Jason S. Lim
65,176,160
0
N/A
Vincent S. Lim
71,887,187
0
N/A
Jonathan Joseph C.C. Lim
11,000,000
0
N/A
Kevin Michael L. Tan
11,000,000
0
N/A
Beda T. Manalac
1,001
0
N/A
Atty. Siegfred B. Mison
1,000
0
N/A
Rafael F. Simpao, Jr.
1,000
0
N/A
External auditor
Punongbayan and Araullo (P&A Grant Thornton)
List of other material resolutions, transactions and corporate actions approved by the stockholders
• Election of directors. • Reorganization of the Board Committees (Audit Committee, Risk Management Committee, Related Party Transaction Committee, Corporate Governance, Compensation & Nominations Committee). • Presentation and approval of the quarterly financial reports. • Presentation and approval of the audited financial statements. • Approval of Cash Dividends. • Appointment of third-party valuator in connection with the acquisition of Avid Sales Corporation. • Authority to apply for and close bank accounts; • Authority to apply for corporate card accounts • Authority to apply for credit line. • Authority to transact with telecommunications companies; • Designation of authorized representatives to the Bureau of Internal Revenue; • Resetting of date of the 2023 Annual Stockholders’ Meeting. • Amendment of SGI's Primary Purpose in the Articles of Incorporation, to authorize SGI to guarantee the loans of its subsidiaries • Approval of additional subscription to 8,000,000 Class A common shares of Precos, Inc. • Approval of 2022 Integrated Annual Corporate Governance Report
Other Relevant Information
The stockholders approved the Amendment of the Company's Primary Purpose Clause in the Second Article of the Articles of Incorporation to include the authority to issue corporate guarantees and sureties for the loans and/or obligations of its subsidiaries.
The stockholders confirmed and ratified the acquisition by the Company of one hundred percent (100%) of the outstanding capital stock of Avid Sales Corporation.