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) Feb 15, 20222. SEC Identification Number CS2004114613. BIR Tax Identification No. 232-715-069-0004. Exact name of issuer as specified in its charter Megawide Construction Corporation5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office No 20 N. Domingo Street, Barangay Valencia, Quezon CityPostal Code11128. Issuer's telephone number, including area code (02) 8655-11119. Former name or former address, if changed since last report Not Applicable10. 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
2,013,409,717
Preferred
97,126,010
11. Indicate the item numbers reported herein Item 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.
Megawide Construction CorporationMWIDE
PSE Disclosure Form 4-21 - Redemption of Security References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Redemption of Megawide Construction Corporation's ("Megawide") Series 1 Preferred Shares
Background/Description of the Disclosure
On 19 October 2021, the Board of Directors of Megawide approved the redemption of its Series 1 Preferred Shares, with stock symbol MWP, on 03 December 2021, which is the 7th anniversary of its listing date on 03 December 2014.
The redemption of the Series 1 Preferred Shares was completed on 15 February 2022.
Date of Approval by Board of Directors
Oct 19, 2021
Record Date, if applicable
Nov 9, 2021
Redemption Price
PhP 100.00 per share
Redemption Period
-
Redemption Date
Dec 3, 2021
Effects on the capital structure
Issued Shares
Type of Security/Stock Symbol
Before
After
MWIDE
2,399,426,127
2,399,426,127
MWP
40,000,000
40,000,000
MWP2A
26,220,130
26,220,130
MWP2B
17,405,880
17,405,880
MWP3 (Unlisted)
20,000,000
20,000,000
Outstanding Shares
Type of Security/Stock Symbol
Before
After
MWIDE
2,013,409,717
2,013,409,717
MWP
40,000,000
0
MWP2A
26,220,130
26,220,130
MWP2B
17,405,880
17,405,880
MWP3 (Unlisted)
20,000,000
20,000,000
Treasury Shares
Type of Security/Stock Symbol
Before
After
MWIDE
386,016,410
386,016,410
MWP
0
40,000,000
MWP2A
0
0
MWP2B
0
0
MWP3 (Unlisted)
0
0
Listed Shares
Type of Security/Stock Symbol
Before
After
MWIDE
2,399,420,199
2,399,420,199
MWP
40,000,000
40,000,000
MWP2A
26,220,130
26,220,130
MWP2B
17,405,880
17,405,880
MWP 3 (Unlisted)
0
0
Effect(s) on foreign ownership level, if any
The effect of the redemption will decrease the number of foreign shareholders of Megawide's preferred shares.
Other Relevant Information
Upon redemption, the Series 1 Preferred Shares shall be considered retired.
Filed on behalf by:
Name
Charlotte King
Designation
Legal Counsel
Attachments
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Original Document
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Disclaimer
Megawide Construction Corporation published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 03:03:05 UTC.
Megawide Construction Corporation is engaged in the general construction business. The Company's business includes constructing, enlarging, repairing, or engaging in any work on buildings, houses and condominiums, roads, plants, bridges, piers, waterworks, railroads and other structures. Its segments include Construction Operations, Landport Operations, and Real Estate Operations. The Construction Operations segment relates to the general construction business, including constructing and sale of precast items and concrete production and rental of construction equipment. The Landport Operations segment relates to the development and implementation of the PITX Project. It also performs other allied construction businesses, such as construction and sale of precast items, concrete production, and purchase sale and/or lease of formworks system and construction equipment. The Real Estate Operations segment relates to buying, selling, leasing, developing and managing real estate properties.