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 Stock
1,127,098,705
Debt Securities (Bonds in Billion PhP)
7
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.
Manila Electric CompanyMER
PSE Disclosure Form ETF-12- Material Information/Transactions Reference: Section 6 of the Rules on Exchange Traded Funds
Subject of the Disclosure
MGen Renewable Energy Inc. (“MGREEN”)'s investment in SP New Energy Corporation (“SPNEC”)
Background/Description of the Disclosure
In relation to the company's disclosure last October 12, 2023 regarding MGen Renewable Energy Inc. (“MGREEN”)'s investment in SP New Energy Corporation (“SPNEC”), please be informed that MGREEN and SPNEC had entered into a Subscription Agreement (" the Agreement") dated Nov. 30, 2023 for the subscription by MGREEN of 15,700,000,000 common shares and 19,404,202,552 preferred shares of SPNEC. Under said Agreement, MGREEN shall pay an initial amount of Php7,000,000,000.00 to be paid on the Subscription Date and the balance of Php8,894,042,025.52 will be paid on the Closing Date upon fulfillment of certain conditions, including the increase in SPNEC's authorized capital stock and the amendment of its articles of incorporation, as provided for in said Agreement.
Other Relevant Information
Please refer to attached disclosure.
Filed on behalf by:
Name
Jocelyn Villar-Altamira
Designation
Senior Assistant Vice President and Head, Corporate Governance and Compliance