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)
Sep 22, 2023
2. SEC Identification Number
AS092-00589
3. BIR Tax Identification No.
001-817-292
4. Exact name of issuer as specified in its charter
Greenergy Holdings Incorporated
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
54 National Road, Dampol II-A, Pulilan, BulacanPostal Code3005
8. Issuer's telephone number, including area code
02) 88175116
9. Former name or former address, if changed since last report
Not applicable
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
2,600,778,574
Preferred Shares
1,000,000,000
11. Indicate the item numbers reported herein
Item 4. Resignation, Removal or Election of Registrant's Directors or Officers & Item 9. Other Event
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.
Greenergy Holdings IncorporatedGREEN
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
Meeting of the Board of Directors of Greenergy Holdings Incorporated held on 18 September 2023
Background/Description of the Disclosure
In the meeting of the Board of Directors of Greenergy Holdings Incorporated (the “Company”) held today, the following matters were approved, confirmed and/or ratified, among others:
1. Subscription to 480 million shares out of the increase in the authorized capital stock of Winsun Green Ventures, Inc., a wholly-owned subsidiary of the Company, from Php20 Million divided into 20 million shares to Php500 Million divided into 500 million shares (the “Increase”), with a par value of One Peso per share (Php1.00), and initial payment of Php185 Million upon subscription with the balance of Php295 Million to be paid within sixty (60) calendar days from subscription. The Increase is subject to the approval by the Securities and Exchange Commission; 2. Authority to enter into loan transactions, credit accommodations, and other types of credit facilities and surety/guaranty transactions with banks and other financial institutions and designating the Chairman or the President as the authorized representatives of the Company to negotiate and enter into pertinent agreements in relation thereto; 3. Change of the office landline number of the Company to (02) 88175116; 4. Resignation of Atty. Martin C. Subido (“Atty. Subido”) as Chairman of the Company effective immediately. Atty. Subido resigned due to personal reasons. He will remain as a Director of the Company; 5. Appointment of Mr. Edgardo G. Lacson as Chairman of the Company effective 18 September 2023 to fill the vacancy created by the resignation of Atty. Subido; and 6. Election of Mr. Stephen Anthony T. CuUnjieng as independent director of the Company effective 18 September 2023 to fill the vacancy created by the resignation of Ms. Maylyn Z. Dy.
Mr. Stephen Anthony T. CuUnjieng (“Mr. CuUnjieng”) is currently an independent director in various publicly-listed companies in the Philippines. He has over thirty (30)-year career in investment banking including serving as the Chairman of Evercore Asia Ltd. and as a Senior Managing Director of a New York-based firm. Prior to serving as Chairman of Evercore Asia Ltd., he was also the Vice Chairman - ASEAN for Macquarie Capital Asia and a Senior Managing Director of the said company. He also held Managing Director or Director level positions at Merrill Lynch, Salomon Brothers and Morgan Grenfell.
Mr. CuUnjieng obtained his Bachelor of Arts degree and Juris Doctor from the Ateneo de Manila University. He also holds a Master of Business Administration in Finance from the Wharton School of Business of the University of Pennsylvania and is a Director of the School’s Executive Advisory Board for Asia. He is also a member of the International Advisory Board of the New York Philharmonic.
The election of Mr. CuUnjieng as Independent Director is subject to his acquisition of qualifying shares within five (5) days from the date of his election.
Other Relevant Information
Please see attached SEC Form 17-C.
This report is being updated to inform the investing public that Mr. CuUnjieng already acquired 10,000 GREEN shares.
Greenergy Holdings IncorporatedGREEN