C08700-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 4,250,547,620 |
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Subject of the Disclosure |
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Denial of Cabili's Motion for Reconsideration |
Background/Description of the Disclosure |
We refer to the case for illegal dismissal docketed as “Jose Roberto C. Cabili, Complainant vs. Semirara Mining and Power Corp., et. al., Respondents, RAB Case No. VI-08-10689-22, National Labor Relations Commission, Bacolod City.” In November 2022, Semirara Mining and Power Corporation (SMPC) disclosed that it received a copy of the complaint/summons dated August 30, 2022, and that SMPC shall file the necessary pleadings before the Labor Arbiter considering the termination from employment is based on cause. |
Name of the court or agency in which the proceedings are pending | National Labor Relations Commission, Bacolod City |
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Date Instituted | Aug 30, 2022 |
Docket Number | RAB Case No. VI-08-10689-22 |
Principal Parties |
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Jose Roberto C. Cabili, Complainant vs. Semirara Mining and Power Corporation, et. al., Respondents |
Nature and description of the legal proceedings |
The termination from employment is based on just cause, after being involved in an accident resulting in damages to the company equipment due to his gross negligence. |
The effect(s) on the Issuer's business or operations, if any |
It does not have any effect on its business or operations. |
Other Relevant Information |
Today, we received a copy of the NLRC’s Resolution promulgated on October 16, 2023, denying Cabili’s MR. |
Name | John Sadullo |
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Designation | Vice President - Legal and Corporate Secretary |