Megawide Construction Corporation

01/23/2025 | Press release | Distributed by Public on 01/22/2025 17:14

Declaration of Cash Dividends

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) Jan 22, 20252. 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 City Postal Code 11128. 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 117,405,880
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 6-1 - Declaration of Cash Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Board Approval of Record Date/Declaration of Cash Dividends - Series 2B (MWP2B) Preferred Shares

Background/Description of the Disclosure

On 22 January 2025, and pursuant to the regular cash dividend declaration of Megawide Construction Corporation (the "Company") for its Series 2B Preferred Shares (MWP2B) with a payment date of 27 February of each year, the Company's Board of Directors ("Board") has set 11 February 2025 as the record date and 27 February as the payment date.

The cash dividend is equal to PhP 1.4375 per share, or a total of PhP 25,020,953.00 out of the unrestricted retained earnings of the Company as of 31 December 2023.

As provided in page 23 of the Prospectus for the Series 2B Preferred Shares (MWP2B) of the Company dated 16 November 202, cash dividends shall be payable on 27 February, 27 May, 27 August and 27 November of each year.

Type of Securities

  • Common
  • PreferredMWP2B
  • Others-
Cash Dividend
Date of Approval by Board of Directors Jan 22, 2025
Other Relevant Regulatory Agency, if applicable N/A
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Type (Regular or Special) Regular
Amount of Cash Dividend Per Share 1.4375
Record Date Feb 11, 2025
Payment Date Feb 27, 2025
Source of Dividend Payment

The cash dividend is equal to PhP 1.4375 per share, or a total of PhP 25,020,953.00 out of the unrestricted retained earnings of the Company as of 31 December 2023.

Other Relevant Information

None

Filed on behalf by:
Name Melissa Ester Chavez-Dee
Designation Corporate Secretary/Corporate Information Officer