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)
Jan 19, 2024
2. SEC Identification Number
A199701848
3. BIR Tax Identification No.
200-302-092-000
4. Exact name of issuer as specified in its charter
AgriNurture, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
NO. 54 NATIONAL ROAD, DAMPOL II-A, PULILAN, BULACANPostal Code3005
8. Issuer's telephone number, including area code
044-8156340
9. Former name or former address, if changed since last report
N/A
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
1,024,446,888
PREFERRED
400,000,000
11. Indicate the item numbers reported herein
ITEM 9
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.
AgriNurture, Inc.ANI
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
The withdrawal of Richer Today Inc. (RTI) subscriptions of up to one hundred fifty million (150,000,000.00) common shares.
Background/Description of the Disclosure
In order to strengthen the financial and liquidity positions of the company, the Board of Directors of AgriNurture, Inc. (ANI), in its meeting held on December 7, 2023, issued the following resolutions:
1) Approving the subscription of Richer Today Inc. (RTI) for one hundred fifty million (150,000,000) common shares of stock in ANI from the unissued portion of its capital stock, at the par value of P1.00 per share. RTI is not a related party of ANI; and
2) Approving the conversion of stockholder advances from Earthright Holdings Inc. amounting to One Hundred Fifty million pesos (P150,000,000.00) into one hundred fifty million (150,000,000) common shares of stock from its unissued capital stock, at par value of P1.00 per share of stock. This transaction is not related to the first-mentioned one.
*** The resolution regarding Earthright Holdings Inc. was executed and implemented beginning fiscal year 2024 but the subscription of Richer Today Inc. in ANI common shares has not been finalized, and therefore withdrawn, as of 17 January 2024.