C05980-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 1,806,726,314 |
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.
Subject of the Disclosure |
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Signing of Memorandum of Understanding by the Cagayan Economic Zone Authority (CEZA), NOW Corporation and NOW Telecom Company, Inc. on 03 August 2023. |
Background/Description of the Disclosure |
The Memorandum of Understanding aims to advance the Philippines' telecommunications and digital world-class communications critical infrastructure which includes the provisioning of unified connectivity, software systems and services that would operate in the province of Cagayan and CEZA locators and people. The proposed project will deploy fixed wired, fixed wireless, terrestrial, satellite, and other delivery systems to CEZA ensuring reliable and quality broadband and other ICT services to CEZA’s locators. CEZA's strategic positioning and critical infrastructure underscore its profound significance. CEZA’s vicinity to two Philippine-American military bases, integral to the Enhanced Defense Cooperation Agreement (EDCA) between the United States and the Philippines, amplifies its global security influence. Furthermore, its proximity to Taiwan positions CEZA as a potential extension for Taiwan's industrial zones, underscoring its commercial and strategic reach. |
Other Relevant Information |
The foregoing disclosure contains soft information and/or forward looking statements that are based on the terms of the partnership between the Cagayan Economic Zone Authority and the NOW Group and are subject to unforeseen events. Actual results could differ from those contemplated in the relevant forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company (or persons acting on behalf of the Company) are expressly qualified in their entirety by the above cautionary statements. |
Name | Angeline Macasaet |
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Designation | Corporate Secretary |