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)
Aug 3, 2023
2. SEC Identification Number
CS200716094
3. BIR Tax Identification No.
006-895-049-000
4. Exact name of issuer as specified in its charter
Converge Information and Communications Technology Solutions, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
New Street Building, Mc Arthur Highway, Balibago, Angeles City, PampangaPostal Code2009
8. Issuer's telephone number, including area code
(02) 8667-0888
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
7,266,573,061
Fixed Rate Bonds
10,000,000,000
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.
Converge Information and Communications Technology Solutions, Inc.CNVRG
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarification of August 2, 2023 Market Rumors
Background/Description of the Disclosure
AUGUST 03, 2023 – Rumors circulated yesterday that a supposed significant minority shareholder (more than 5% ownership of outstanding shares) of Converge ICT Solutions (PH:CNVRG) was positioned to sell-off its shares of the company. This rumor was further supported by an intelligence platform inaccurately presenting a significant position of this minority shareholder.
We would like to clarify that since the full sell-off of Coherent Cloud Investments, B.V. last October 2022, Converge did not have any significant non-public minority shareholder with more than 5% ownership of outstanding shares. All disclosures from Converge and Converge’s stock transfer agent validate this statement. The intelligence platform has since corrected this in the afternoon of August 02, 2023.