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) Apr 6, 20222. SEC Identification Number 413763. BIR Tax Identification No. 000-593-240-0004. Exact name of issuer as specified in its charter Synergy Grid & Development Phils., Inc.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 16th Floor, Tycoon Center Bldg. Condominium, Pearl Drive, Pasig CityPostal Code16008. Issuer's telephone number, including area code (632) 858439309. Former name or former address, if changed since last report N/A10. 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
5,265,866,000
11. Indicate the item numbers reported herein 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.
Synergy Grid & Development Phils., Inc.SGP
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Subscription to preferred shares in National Grid Corporation of the Philippines
Background/Description of the Disclosure
In compliance with the conditions of SGP's follow-on offering (FOO) last 10 November 2021, Synergy Grid and Development Philippines, Inc. (SGP or the Company) is subscribing to 203,630,000 non-voting preferred shares of power transmission operator National Grid Corporation of the Philippines (NGCP). This will result in an increase in NGCP's capitalization, as well as give SGP a direct shareholding in NGCP of 9.241% of the latter's outstanding capital stock. SGP will be entitled to the features of the non-voting preferred shares such as receipt of dividends, apart from the dividends that SGP already indirectly receives from NGCP through holdings companies.
Other Relevant Information
Please see attached.
Filed on behalf by:
Name
Pia Isabel Co
Designation
Compliance Officer
Attachments
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Synergy Grid and Development Phils Inc. published this content on 06 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2022 02:11:04 UTC.
Synergy Grid & Development Phils., Inc. is a Philippines-based holding company. The Company is engaged in general construction and other allied businesses. The Company operates through transmission business segment. It operates transmission services across Luzon, Visayas, and Mindanao. The Company's subsidiaries include OneTaipan Holdings, Inc. (OTHI), Pacifica21 Holdings, Inc. (P21), Monte Oro Grid Resources Corporation (MOGRC), Calaca High Power Corporation (CHPC), and National Grid Corporation of the Philippines (NGCP). The CHPC engages in the general business of operating, managing, maintaining, and rehabilitating energy systems and services from gas, steam, and electricity including related services and business activities. The NGCP operates and maintains a nationwide transmission grid throughout the Philippines to provide open and non-discriminatory access to the transmission system to all authorized electricity distributors and electricity users.