C08457-2023

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)
Nov 30, 2023
2. SEC Identification Number
PW-102
3. BIR Tax Identification No.
000-101-528-000
4. Exact name of issuer as specified in its charter
Manila Electric Company
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Lopez Building, Ortigas Avenue, Barangay Ugong, Pasig City Postal Code 1605
8. Issuer's telephone number, including area code
0286328014
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