C05375-2023
Ex-Date : Jul 21, 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)
Jul 12, 2023
2. SEC Identification Number
CS200411461
3. BIR Tax Identification No.
232-715-069
4. Exact name of issuer as specified in its charter
Megawide Construction Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
No. 20 N. Domingo Street, Barangay Valencia, Quezon City Postal Code 1112
8. Issuer's telephone number, including area code
(02) 8655 - 1111
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 2,013,409,717
preferred 92,405,880
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.

Megawide Construction CorporationMWIDE

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

Board Approval of Record Date/Declaration of Cash Dividends - Series 4 (MWP4) Preferred Shares

Background/Description of the Disclosure

At the Organizational Meeting of the Board of Directors held on July 12, 2023 and pursuant to the regular cash dividend declaration of Megawide Construction Corporation (the “Company”) for its Series 4 Preferred Shares (MWP4) with a payment date of 29 July of each year, the Company’s Board of Directors (“Board”) has set 26 July 2023 as the record date.

The payment date has been adjusted to 31 July 2023, given that 29 July 2023 is a Saturday and 30 July 2023 is a Sunday.

The cash dividend is equal to PhP 1.325 per share, or a total of PhP 53,000,000.00, out of the unrestricted retained earnings of the Company as of 31 December 2022.

As provided in page 16 of the Prospectus for the Series 4 Preferred Shares (MWP4) of the Company dated 08 October 2021, cash dividends shall be payable on 29 January, 29 April, 29 July, and 29 October of each year.

Type of Securities

Cash Dividend
Date of Approval by Board of Directors Jul 12, 2023
Other Relevant Regulatory Agency, if applicable N/A
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Type (Regular or Special) Regular
Amount of Cash Dividend Per Share PhP1.325
Record Date Jul 26, 2023
Payment Date Jul 31, 2023
Source of Dividend Payment

The cash dividends shall be paid out of the unrestricted retained earnings of the Corporation, which are distributable as cash dividends as of 31 December 2022

Other Relevant Information

None.

Filed on behalf by:
Name Al-Shwaid Ismael
Designation Corporate Secretary