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 3, 20222. SEC Identification Number CS2005118163. BIR Tax Identification No. 2395082230004. Exact name of issuer as specified in its charter 8990 HOLDINGS, INC.5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 11/F Liberty Center, 104 HV Dela Costa, Salcedo Village, Makati City, 1200, PhilippinesPostal Code12008. Issuer's telephone number, including area code (632) 478 9659 / 533 39 15 / 533 39 179. 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
5,517,990,720
Fixed Rate Bonds
594,410,000
Preferred Shares
87,000,000
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.
8990 Holdings, Inc.HOUSE
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Follow-On Offering of Common Shares of 8990 Holdings, Inc. - Press Release
Background/Description of the Disclosure
We advise that 8990 Holdings Inc. ("HOUSE" or the "Company") today, February 3, 2022, has filed with the Securities and Exchange Commission a Registration Statement to offer up to 1.4 billion Common Shares of HOUSE through a public offering for a maximum price of up to Php18.99/share (the "Offer"). The Offer will also be subject to a top-up placement of up to 450 million Common Shares by iHoldings Inc.
The offer will be broken down through the following:
a. Offer and sale of up to 1,250,000,000 outstanding common shares held by existing shareholders of the Company (namely, TPG Rafter Holdings, Ltd., Pasir Salak Investments Limited, and iHoldings, Inc.), with an overallotment option of up to 150,000,000 outstanding common shares (the "Offer Shares", and the offer thereof, the "Offer"); and
b. Issuance of new common shares out of the Company's unissued capital stock in favor of iHoldings, Inc., in the same number and at the same price of the Offer Shares to be sold by iHoldings, Inc. in the Offer (which shares shall be up to 450,000,000 new common shares, assuming overallotment option is fully exercised), and to list such common shares on The Philippine Stock Exchange, Inc. ("PSE") as soon as practicable thereafter.
Other Relevant Information
Please see new attached file with complete information.
The offer is subject to compliance with all rules and regulations of the relevant regulatory agencies.
This press release may contain "forward-looking statements" which are subject to a number of risks and uncertainties that could affect the 8990's business and results of operations. Although 8990 believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.
Filed on behalf by:
Name
Tracy Ilagan
Designation
Investor Relations Officer
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8990 Holdings Inc. published this content on 07 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2022 04:17:10 UTC.
8990 Holdings, Inc. is a Philippines-based holding company and a mass housing developer. The Company's business segment includes the construction of low-cost mass housing; construction of medium-rise condominium units; construction of high-rise condominium units, and hotel operations. Under the brand name DECA Homes, its residential subdivisions are located in Cebu, Iloilo, Davao, Pampanga and Cavite. It constructs over three types of housing unit, including single-story detached, single-story attached and townhouse. The floor areas range from 35 square meters (sq. m.) to 120 sq. m. Its facilities include concrete roads and an underground drainage system. It also develops low-cost residential complexes of medium-rise buildings (MRBs) under the Urban DECA Homes brand. The floor area for an MRB unit ranges from 25 sq. m. to 36 sq. m. The Company has also ventured into high-rise condominium projects under the brand name, DECA Towers in the urban areas of Metro Manila.
8990 HOLDINGS, INC. 