Semirara Mining and Power Corporation

05/04/2022 | Press release | Distributed by Public on 05/04/2022 00:29

Clarification of News Reports

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) May 4, 20222. SEC Identification Number 914473. BIR Tax Identification No. 0001903240004. Exact name of issuer as specified in its charter SEMIRARA MINING AND POWER CORPORATION5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 2/F DMCI Plaza, 2281 Don Chino Roces Avenue, Makati CityPostal Code12318. Issuer's telephone number, including area code 632-888830009. Former name or former address, if changed since last report -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 4,250,547,620
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.

Semirara Mining and Power CorporationSCC

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

Semirara eyes higher coal production in 2022

Source manilastandard.net
Subject of News Report Semirara eyes higher coal production in 2022
Date of Publication May 2, 2022
Clarification of News Report

This has reference to the news article entitled "Semirara eyes higher coal production in 2022" posted in manilastandard.net on May 2, 2022, which reported in part that:

"Integrated energy company Semirara Mining and Power Corp. is looking at slightly higher coal production this year to 15 million metric tons from 14.3 million MT in 2021, a top executive said.

'Overall, we expect stable output from the coal segment given the controlled water level at Molave NB7. Our goal is to produce up to 15 million metric tons. This should allow us to sell around 15 million metric tons of coal,' SMPC president Cristina Gotianun said during the company's annual stockholders' meeting.

She said that at an annual coal production rate of 13 million to 16 million metric tons, 'the company has enough coal reserves until the expiration of its coal operating contract in 2027.'

. . . ."

With reference to the foregoing newspaper article, we confirm the above statement of the Corporation's President and Chief Operating Officer, Maria Cristina C. Gotianun.

The information in the above-mentioned news article constitutes forward-looking statements and does not guarantee future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown uncertainties, which may cause actual performance to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

Other Relevant Information

In accordance with SEC Notice issued on March 17, 2020, attached herewith is SEC Form 17-C for your immediate reference.

Filed on behalf by:
Name John Sadullo
Designation Vice President - Legal and Corporate Secretary