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)
Feb 28, 2024
2. SEC Identification Number
15-A
3. BIR Tax Identification No.
000-290-538
4. Exact name of issuer as specified in its charter
Roxas Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Unit 10-B Six/Neo Building, 5th Avenue corner 26th Street Bonifacio Global City, Taguig City, Metro ManilaPostal Code1634
8. Issuer's telephone number, including area code
(632) 8771-7800
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 Stock
1,547,935,799
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.
Roxas Holdings, Inc.ROX
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
Separation from employment of CADPI's employees (a wholly-owned subsidiary of Roxas Holdings, Inc.) due to closure or cessation of operations.
Background/Description of the Disclosure
Please be informed that Central Azucarera Don Pedro Inc. (CADPI), a wholly-owned subsidiary of Roxas Holdings, Inc., will be permanently closing its business operations effective on 28 February 2024 due to serious business losses.
Consequently, CADPI is forced to terminate the employment of all of its employees on the ground of "closing or cessation of operations" under Article 298 of the Labor Code.
In compliance with Article 298 of the Labor Code, CADPI has given notice both to the Department of Labor and Employment (DOLE) and the affected employees at least thirty (30) days before the effective date of termination. The effectivity date of the termination of all affected employees is on 29 March 2024.
Other Relevant Information
Please see attached SEC Form 17-C and the Notice dated 28 February 2024 sent to the DOLE and the affected employees.