Far Eastern University Incorporated : Material Information/Transactions
August 18, 2022 at 02:14 am EDT
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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) Aug 18, 20222. SEC Identification Number PW5383. BIR Tax Identification No. 000-225-4424. Exact name of issuer as specified in its charter FAR EASTERN UNIVERSITY, INC.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office Nicanor Reyes Street, Sampaloc, ManilaPostal Code10158. Issuer's telephone number, including area code 02-8735-86869. 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
24,055,763
11. Indicate the item numbers reported herein 1
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.
Far Eastern University, IncorporatedFEU
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
Investment of Far Eastern University, Inc. in Good Samaritan Colleges, Inc.
Background/Description of the Disclosure
In Far Eastern University's ("FEU") board meeting today, August 16, 2022, the Board of Trustees approved an equity investment of up to Seventy Million Pesos (P70,000,000.00) in Good Samaritan Colleges, Inc. ("GSC"), an educational institution that offers junior and senior high school, tertiary and graduate school education in Cabanatuan City, Nueva Ecija.
As a result of such investment, FEU will acquire Seventy-Seven Thousand Two Hundred Seventy-Three (77,273) shares of common stock of GSC, which is equivalent to 34% of the outstanding capital stock. The Board also approved the execution of an investment agreement and shareholders agreement with GSC and its shareholders, as well as any related documents and agreements.
FEU will make the necessary disclosures regarding the investment as soon as the agreement is signed.
Other Relevant Information
The Board of Trustees of Far Eastern University's ("FEU") approved today, 16 August 2022, approved an investment in Seventy-Seven Thousand Two Hundred Seventy-Three (77,273) shares of common stock in Good Samaritan Colleges, Inc. ("GSC"), which represents 34% of GSC's outstanding capital stock, for a total subscription price of up to Seventy Million Pesos (P70,000,000.00).
The Board also approved the execution of an investment agreement and shareholders agreement with GSC and its shareholders, as well as any related documents and agreements.
Please see attached SEC 17-C Report of the Company.
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Amended-1 (August 18, 2022), to:
a. amend the investment value to 'up to Seventy Million Pesos (P70,000,000.00)'; and
b. inform that necessary disclosure will be made regarding the investment as soon as agreement is signed.
Filed on behalf by:
Name
MA. CRISTINA TALAMPAS
Designation
ADMINISTRATION MANAGER
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Far Eastern University Inc. published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 06:13:07 UTC.
Far Eastern University, Incorporated is a Philippines-based educational institution. It operates through three segments: FEU Main, Trimestral Schools, and Other Schools. It is comprised of seven institutes, which includes the Institute of Accounts, Business and Finance, Institute of Architecture and Fine Arts, Institute of Arts and Sciences, Institute of Education, Institute of Heath Sciences and Nursing, Institute of Law, and Institute of Tourism and Hotel Management. The Companyâs flagship programs include teacher education and business administration. It also offers senior high school programs in FEU High School, FEU Alabang, FEU Cavite, and FEU Diliman. It has also partnered with the Jerudong Park Medical Centre (JPMC) to establish the first private health science college in Brunei Darussalam, the JPMC College of Health Sciences. Its subsidiaries include East Asia Computer Center, Inc., Far Eastern College Silang, Inc., FEU Alabang, Inc., and FEU High School, Inc.
THE FAR EASTERN UNIVERSITY, INCORPORATED 
