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 16, 20222. SEC Identification Number CS2005118163. BIR Tax Identification No. 239-508-223-0004. Exact name of issuer as specified in its charter 8990 Holdings, Inc5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 11F Liberty Center, 104 HV Dela Costa, Salcedo Village, Makati City, PhilippinesPostal Code12008. Issuer's telephone number, including area code (632)84789659/85333915/853339179. Former name or former address, if changed since last report NA10. 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 Shares
5,391,399,020
Series A Preferred Shares
50,000,000
Series B Preferred Shares
37,000,000
Corporate Bonds Series A, B, C
9,000,000,000
11. Indicate the item numbers reported herein NA
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.
8990 Holdings, Inc.HOUSE
PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarification on the news clipping published in the June 16, 2022 issue of the Philippine Daily Inquirer pertaining to the 8990 Holdings, Inc.'s ("HOUSE" or the "Company") notice of redemption of the Company's Series C Bonds due 2025
Source
Philippine Daily Inquirer
Subject of News Report
Notice of redemption of the Company's Series C Bonds due 2025
Date of Publication
Jun 16, 2022
Clarification of News Report
We reply to your request for clarification on the news clipping published in the June 16, 2022 issue of the Philippine Daily Inquirer pertaining to the 8990 Holdings, Inc.'s ("HOUSE" or the "Company") notice of redemption of the Company's Series C Bonds due 2025 which stated in part that:
". . . .
Notice is hereby given to the holders of the Series C Bonds (the 'Bondholders') that pursuant to Condition 5(a) (Optional Redemption) of the Terms and Conditions of the Series C Bonds as set out in Annex A of the Trust Agreement, the Issuer has elected to redeem and pay, and will redeem and pay, on 16 July 2022 (the 'Early Redemption Option Date'), all of its outstanding of all Series C at the price equal to:
1. 102.5% of the principal amount outstanding of all Series C Bonds; plus
2. accrued and unpaid interest computed up to the Early Redemption Option Date (the 'Early Redemption Price').
. . . "
We confirm the Company's statement that the Company has elected to redeem and pay, and will redeem and pay, on 16 July 2022 (the 'Early Redemption Option Date'), all of its outstanding of all Series C.
Other Relevant Information
NA
Filed on behalf by:
Name
Tracy Ilagan
Designation
Investor Relations Officer
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Disclaimer
8990 Holdings Inc. published this content on 16 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 03:02:00 UTC.
8990 Holdings, Inc. is a Philippines-based holding company and a mass housing developer. The Company's business segment includes the construction of low-cost mass housing; construction of medium-rise condominium units; construction of high-rise condominium units, and hotel operations. Under the brand name DECA Homes, its residential subdivisions are located in Cebu, Iloilo, Davao, Pampanga and Cavite. It constructs over three types of housing unit, including single-story detached, single-story attached and townhouse. The floor areas range from 35 square meters (sq. m.) to 120 sq. m. Its facilities include concrete roads and an underground drainage system. It also develops low-cost residential complexes of medium-rise buildings (MRBs) under the Urban DECA Homes brand. The floor area for an MRB unit ranges from 25 sq. m. to 36 sq. m. The Company has also ventured into high-rise condominium projects under the brand name, DECA Towers in the urban areas of Metro Manila.