Solar Philippines Nueva Ecija Corporation

07/04/2022 | Press release | Distributed by Public on 07/04/2022 00:42

Material Information/Transactions

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) Jul 4, 20222. SEC Identification Number CS2016373003. BIR Tax Identification No. 009-468-1034. Exact name of issuer as specified in its charter Solar Philippines Nueva Ecija Corporation5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 20th Floor PhilamLife Tower, 8767 Paseo de Roxas, Barangay Bel-Air, Makati CityPostal Code12268. Issuer's telephone number, including area code (02) 8817-25859. 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 Shares 8,124,350,005
11. Indicate the item numbers reported herein Items 4 & 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.

Solar Philippines Nueva Ecija CorporationSPNEC

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

Results of the July 4 2022 Meeting of the Board of Directors

Background/Description of the Disclosure

Please be informed that the Board of Directors of SPNEC, at its meeting today, July 4 2022, approved the following:

1. Allocation of IPO proceeds towards fees and expenses for the processing of its asset-for-share swap, provided this would only be from the excess of the amount needed by Phase 1A of the Nueva Ecija solar project.

2. Authorization to accept transfer by way of donation of shares in Solar Philippines entities (as listed in its Comprehensive Corporate Disclosure) owned by Leandro Antonio L. Leviste or Countryside Investments Holdings Corporation, including shares in SP Holdings, Inc., which are not directly held by Solar Philippines Power Project Holdings, Inc. (SPPPHI). SPPPHI is to be the recipient of shares issued under its asset-for-share swap.

3. Appointment of Atty. Jesusa Loreto A. Arellano as Director, Treasurer, and Chief Financial Officer.

4. Appointment of Hazel Iris P. Lafuente as Assistant Treasurer and Chief Project Officer.

5. Appointment of Martin Charles Crotty as Senior Advisor.

6. Appointment of Danny Kennedy as Senior Advisor.

7. Authorization to appoint to SPNEC other officers of Solar Philippines, in support of the execution of SPNEC's planned expansions.

Other Relevant Information

Please see attached SEC Form 17-C.

Filed on behalf by:
Name Hazel Iris Lafuente
Designation Director, Treasurer, Assistant Corporate Secretary, Head of Community Development and Chief Information Officer