STI Education : Amendments to Articles of Incorporation
June 07, 2022 at 07:22 pm 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) Jun 7, 20222. SEC Identification Number 17463. BIR Tax Identification No. 000-126-853-0004. Exact name of issuer as specified in its charter STI Education Systems Holdings, Inc. 5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 7th Floor, STI Holdings Center, 6764 Ayala Avenue, Makati City Postal Code12268. Issuer's telephone number, including area code (632) 8844-95539. Former name or former address, if changed since last report -10. 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
9,904,806,924
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.
STI Education Systems Holdings, Inc.STI
PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Amendment to Articles of Incorporation
Background/Description of the Disclosure
The Securities and Exchange Commission ("SEC") approved the amendment of the secondary purpose of the Articles of Incorporation of STI Education Systems Holdings, Inc. (the "Corporation") to include the authority of the Corporation to act as a corporate surety and to guarantee the loan obligations of its subsidiaries and affiliates dated 2 June 2022.
Date of Approval by
Board of Directors
Oct 7, 2021
Date of Approval by Stockholders
Dec 3, 2021
Other Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
Jun 2, 2022
Date of Receipt of SEC approval
Jun 7, 2022
Amendment(s)
Article No.
From
To
II
-
To include as part of the secondary purposes the authority of the Corporation to act as a corporate surety and to guarantee the loan obligations of its subsidiaries and affiliates.
Rationale for the amendment(s)
To comply with the requirements of creditor banks of the Corporation's subsidiaries and affiliates and to grant these subsidiaries and affiliates access to funding for their business needs that would ultimately benefit the Corporation.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC
May 27, 2022
Expected date of SEC approval of the Amended Articles of Incorporation
Jun 2, 2022
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
None
Other Relevant Information
Amended to reflect the date of approval of the SEC on the Amended Articles of Incorporation of the Corporation.
Please see attached the Corporation's redacted SEC Certificate of Filing of Amended Articles of Incorporation dated 2 June 2022.
Filed on behalf by:
Name
Arsenio Cabrera, Jr.
Designation
Corporate Secretary
Attachments
Original Link
Original Document
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Disclaimer
STI Education Systems Holdings Inc. published this content on 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 23:21:09 UTC.
STI Education Systems Holdings, Inc. is a Philippines-based company. The Company is engaged in investing in, purchasing or otherwise acquiring and owning, holding, using, selling, assigning, transferring, leasing, mortgaging, pledging, exchanging, or otherwise disposing of real properties, as well as personal and movable property of any kind and description, including shares of stock, bonds, debentures, notes, evidence of indebtedness and other securities or obligations of any corporation or corporations, association or associations, domestic or foreign, and possessing and exercising in respect thereof all the rights, powers and privileges of ownership, including all voting powers of any stock owned. The Company operates through five segments: Metro Manila, Northern Luzon, Southern Luzon, Visayas and Mindanao. It focuses on education and education-related activities and investments. The Company has investments in several entities, which own and operate schools.