C03964-2021

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)
Jun 7, 2021
2. SEC Identification Number
44852
3. BIR Tax Identification No.
000-421-957-000
4. Exact name of issuer as specified in its charter
D&L Industries, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
65 Industria St., Bagumbayan, Quezon City Postal Code 1110
8. Issuer's telephone number, including area code
(02) 8635-0680
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 7,142,857,990
11. Indicate the item numbers reported herein
-

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.

D&L Industries, Inc.DNL

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

Issuance of Fixed-Rate Bonds

Background/Description of the Disclosure

Please be advised that at the annual meeting of the stockholders of D&L Industries, Inc. (the “Corporation”) held today, 07 June 2021, via videoconferencing, the stockholders approved and ratified the authority of the Corporation to issue, offer, and sell to the public (the “Offer”) Philippine Peso-denominated fixed-rate bonds in the aggregate principal amount of up to Three Billion Pesos (Php/3,000,000,000.00) with an over-subscription option of up to Two Billion Pesos (Php/2,000,000,000.00) (the “Bonds”) subject to the requirements of the Securities and Exchange Commission (SEC), Philippine Dealing and Exchange Corporation (PDEx), and other concerned/related agencies and to the approval of the stockholders.

For this purpose, the stockholders likewise approved and ratified the authority of the Corporation to apply for the registration and licensing of the Bonds with the SEC and listing with the PDEx and in relation thereto, prepare, issue and submit all required documents such as the Registration Statement, Listing Application, the Prospectus relating to the offer of the Bonds, as may be revised from time to time until approved and finalized, and any other documents including certifications, notices or instruments as may be required for the approval of the registration with the SEC, Listing with PDEx and the offer and sale to the public and investors of the Bonds.

The stockholders also approved and ratified the authority of management to further negotiate, finalize, and approve the terms of the conditions of the Bonds, including but not limited to, the determination of interest rates of the Bonds and appointment of the required underwriters, advisors, legal counsels, and other agents as may be required by law or deemed necessary, and the designation of representatives of the Corporation with authority to sign and issue any and all transaction documents, supporting papers, and related certifications that are required under the law and/or further requested by SEC. PDEx, and other government or related agencies or offices.

Other Relevant Information

None.

Filed on behalf by:
Name Kristine Ann Catindig-Ong
Designation Corporate Legal Counsel/Corp. Information Officer