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Dep-2022 - 1045 - Fgeng - Redemption of Security
Dep-2022 - 1045 - Fgeng - Redemption of Security
Please be advised that First Gen Corporation will redeem all outstanding shares of Series “G”
Preferred Shares (FGENG) at the Redemption Value of One Hundred Pesos (PHP100.00) per
share to all holders of FGENG on July 25, 2022. Payment to be credited once funds are
received from the company.
Trading of FGENG shares will be suspended effective July 20, 2022 at 9:00 AM.
Remarks C05164-2022
The Exchange approves the request of First Gen Corporation ("FGEN") for the voluntary trading
suspension of its Series "G" Preferred Shares ("FGENG"), effective at 9:00 a.m. on Wednesday, July
20, 2022. The Exchange will inform the Trading Participants and the investing public of further
developments on the matter.
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.
Voluntary trading suspension in view of the company's redemption of its Series G preferred shares.
Redemption of all outstanding Series “G” preferred shares on July 25, 2022
Stock Symbol(s) of
Affected Securities
FGENG
Pursuant to the Revised Disclosure rules, the trading suspension is sought for at least three (3) trading days prior to the
redemption of all the outstanding Series G preferred shared on July 25, 2022.
https://edge.pse.com.ph/openDiscViewer.do?edge_no=152eaeaa36ad14343470cea4b051ca8f 1/2
12/07/2022, 16:01 Voluntary Trading Suspension
https://edge.pse.com.ph/openDiscViewer.do?edge_no=152eaeaa36ad14343470cea4b051ca8f 2/2
C04370-2022
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.
First Gen Corporation
FGEN
Date of Approval by
Board of Directors
Jun 14, 2022
Record Date, if
applicable
N/A
Redemption Price PHP100 per share (51,590,610 shares) / PHP 10 per share (13,750,000 shares)
Redemption Period -
Redemption Date Jul 25, 2022
Outstanding Shares
Type of Security/Stock Symbol Before After
FGENG 65,340,610 0
FGEN 3,596,575,505 3,596,575,505
Treasury Shares
Type of Security/Stock Symbol Before After
FGENG 68,409,390 133,750,000
FGEN 64,368,052 64,368,052
Listed Shares
Type of Security/Stock Symbol Before After
FGENG 133,750,000 133,750,000
FGEN 3,660,943,557 3,660,943,557
Based on the number of foreign-owned shares as of May 31, 2022, the foreign ownership level
Effect(s) on foreign
ownership level, if any
of all outstanding shares (voting and non-voting) shall be 11.06% (from 10.93%) upon the
redemption of all outstanding Series G preferred shares
Redemption price at PHP100 per share on the 51,590,610 outstanding Series “G” preferred shares, and PHP10 per
share on the 13,750,000 Series “G” preferred shares issued to First Philippine Holdings Corporation by way of private
placement.
In accordance with the terms and conditions of the company’s Series G preferred shares, the company will redeem all
outstanding Series G preferred shares on July 25, 2022 by paying in cash the applicable Redemption Values to all
holders of the shares. The redeemed shares will be treated as treasury shares until and unless the shares are retired or
reissued. To date the Company has no plans to reissue the said shares.
Gentlemen:
Attached please find a duly accomplished SEC Form 17-C on material matters which were
approved by the board of directors during its meeting held earlier today. Thank you.
RACHEL R. HERNANDEZ
Corporate Secretary
DocuSign Envelope ID: B986F454-7A85-45F8-ACC9-94329C782DA0
7. 6th Floor Rockwell Business Center Tower 3, Ortigas Avenue, Pasig City 1604………………….
Address of principal office Postal Code
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
11. Indicate the item numbers reported herein: …………Item No. 9 …………………………
Please be advised that in its meeting held earlier today, the board of directors of First Gen
Corporation approved the following material matters:
1. Declaration of cash dividends on the Corporation’s Series “G” preferred shares in the
amount of PHP3.8904 per share on the 51,590,610 outstanding Series “G” preferred
shares, and PHP0.38904 per share on the 13,750,000 Series “G” preferred shares
issued to First Philippine Holdings Corporation by way of private placement, with a
record date of July 1, 2022 and a payment date of July 25, 2022.
2. Optional Redemption of all outstanding Series “G” preferred shares on July 25, 2022
pursuant to the provisions of the Deed Poll dated May 3, 2012.
SIGNATURE
Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.
RACHEL R. HERNANDEZ
Corporate Secretary