SIGNIFICANT EVENTS

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2019


June 2019

Received approval from the TRB for the SCTEX 2011 toll rate increase amounting to Php0.51.

March 2019

TRB approved the NLEX toll rate increase covering the 2012 and 2014 cycles and the investment recovery of Harbour Link Segment 10

February 2019

Segment 10 of NLEX Harbour Link commenced operations.

2018


November 2018

MPW entered into a Joint Venture Agreement with Metro Iloilo Water District (MIWD) for the rehabilitation, operation, maintenance, and expansion of MIWD’s existing water distribution system and construction of wastewater facilities.

Metpower Venture Partners Holdings, Inc., through Surallah Biogas Ventures Corporation finalized and signed agreements with Dole Philippines, Inc. (DPI) to design, construct, and operate biogas facilities specifically for DPI.

September 2018

PT MPTI submitted the mandatory tender offer plan to the Indonesian Financial Services Authority, which reviewed and cleared the same. As a result of the mandatory tender offer, a total of 3,760,231,769 PT Nusantara shares, equivalent to 24.68% on a fully diluted basis, were tendered at an approved price of IDR 211 per share.

NAIA Consortium was granted Original Proponent Status for its unsolicited proposal to rehabilitate, upgrade, expand, operate, and maintain the Ninoy Aquino International Airport for a period of 15 years.

July 2018

Metro Pacific Tollways Corporation (MPTC, through its Indonesian subsidiary, PT Metro Pacific Tollways Indonesia (PT MPTI), acquired an additional equity interest of 4.99% of the total issued capital stock of PT Nusantara. Together with PT MPTI’s earlier share acquisitions, this brought PT MPTI ownership to 53.3% of the total issued capital stock of PT Nusantara on a fully-diluted basis.

Metro Pacific Tollways South Corp. (“MPT South”), an indirect subsidiary of Metro Pacific Investments Corporation (MPIC), was granted Original Proponent Status by the Department of Public Works and Highways in relation to its unsolicited proposal for the Cavite-Tagaytay-Batangas Expressway Project.

June 2018

MPW acquired 49.0% of the outstanding capital stock of Tuan Loc Water Resources Investment Joint Stock Company.

May 2018

MetroPac Water Investments Corporation (MPW) acquired 45.0% of the outstanding capital stock of BOO Phu Ninh Water Treatment Plan Joint Stock Company (PNW). PNW has been granted a license to serve clean water demand in the Chu Lai Open Economic Zone, and urban areas, industrial zones and adjacent rural areas in Quang Nam province in Vietnam.

MPW received from Dumaguete City Water District (DCWD) the Notice of Award for the rehabilitation, operation, maintenance, and expansion of DCWD’s existing water distribution system and development of wastewater facilities.

April 2018

MPW entered into a Share Purchase Agreement for the acquisition of 49.0% of the outstanding capital stock of Tuan Loc Water Resources Investment Joint Stock Company (TLW). TLW is one of the largest water companies in Vietnam, with 310 MLD of installed capacity.

March 2018

MPIC declared cash dividends of P0.076 per common share payable to stockholders as of the record date of 28 March 2018 payable on 26 April 2018.

MPIC also declared cash dividends amounting to P4.6 million in favor of preferred shareholders.

NLEX Corporation filed with the Securities and Exchange Commission a registration statement for (i) the shelf registration of Philippine Peso denominated fixed rate bonds with an aggregate principal amount of P25.0 billion and (ii) the public offer and issuance of the initial tranche of the

NLEX Bond Program comprising of Bonds with an aggregate principal amount of P4.0 billion, with an oversubscription option of up to P2.0 billion, to be issued out of the NLEX Bond Program.

February 2018

Maynilad signed an P18.5 billion Notes Facility with various banks to refinance its existing peso denominated loans it issued in 2013 and fund other general corporate requirements.

January 2018

MPIC signed 10-year and 15-year syndicated term loan facilities totaling P10.0 billion to partially finance the redemption of the outstanding debt obligations of Beacon Electric Asset Holdings, Inc., a wholly-owned subsidiary of MPIC and for other general corporate purposes.

2017


December 2017

MPTC, through its subsidiary Cebu Cordova Link Expressway Corporation, received the Notice of

Award for the 8.5 kilometer Cebu-Cordova Link Expressway.

MPIC entered into separate agreements to secure 10-year fixed-rate loan facilities in the aggregate amount of P10.0 billion, proceeds of which will be used to finance its investment in various projects and for other general corporate purposes: (i) P5.0 billion from BDO Unibank, Inc. and; (ii) P5.0 billion from Union Bank of the Philippines.

MPW received from Metro Iloilo Water District (MIWD) the Notice of Award for the rehabilitation, operation, maintenance, and expansion of MIWD’s existing water distribution system and construction of wastewater facilities.

MPIC agreed to form a consortium with Aboitiz InfraCapital Inc., AC Infrastructure Holdings

Corporation, Alliance Global Group Inc., AEDC, Filinvest Development Corporation and JG Summit Holdings Inc. for the rehabilitation, operation, and maintenance of the Ninoy Aquino International

Airport (NAIA) through an unsolicited proposal to the Department of Transportation.

November 2017

Together with earlier share transactions, Metro Pacific Tollways Corporation (MPTC) acquired 48.3% of PT Nusantara Infrastructure Tbk (PT Nusantara) – an Indonesian infrastructure holding company with interests in toll roads, port operations, water, energy and telecommunications.

Global Business Power Corporation acquired 50.0% of Alsons Thermal Energy Corporation.

October 2017

MPHHI acquired 54.0% stake in St. Elizabeth Hospital, Inc. – a 248-bed tertiary level hospital in General Santos City.

September 2017

MPW received the Certificate of Acceptance and the conferment of the Original Proponent Status for the Pampanga Bulk Water Supply Project from the Office of the Governor of Pampanga.

July 2017

In the arbitration between the Republic of the Philippines (the Republic) and Maynilad Water Services, Inc. (Maynilad), the three-man Arbitral Tribunal unanimously upheld the validity of Maynilad’s claim against the Undertaking Letter issued by the Republic, through the Department of Finance, to compensate Maynilad for the delayed implementation of its relevant tariffs for the rebasing period 2013 to 2017. The Tribunal ordered the Republic to reimburse Maynilad the amount of P3.4 billion for losses from 11 March 2015 to 31 August 2016, without prejudice to any rights that Maynilad may have to seek recourse against MWSS for losses incurred from 1 January 2013 to 10 March 2015. Further, the Tribunal ruled that Maynilad is entitled to recover from the Republic its losses from 1 September 2016 onwards.

June 2017

MPIC acquired the remaining 25.0% stake of PLDT Communications and Energy Ventures in Beacon Electric Asset Holdings (Beacon Electric). This was partially funded by MPIC from the proceeds from the overnight placement of 4.5% of its directly held Manila Electric Company (MERALCO) shares. This brought MPIC economic interest in MERALCO to approximately 45.5% and in Global Business Power Corporation to 62.4%.

April 2017

MetroPac Movers, Inc. (MMI) acquired certain assets and business of Ace Logistics, Inc.

NLEX Corporation (NLEX) and Tollways Management Corporation (TMC), signed the plan of merger and articles of merger, with NLEX as the surviving corporation.

March 2017

MetroPac Water Investments Corporation (MPW) received the Notice of Award for the 30-year Cagayan de Oro 100 MLD Bulk Water Project.

Metro Pacific Investment Corporation’s (MPIC) consortium with Covanta Energy, LLC and Macquarie Group, Ltd. received Original Proponent Status from the Quezon City Government to design, construct, finance, and operate an Integrated Solid Waste Management facility. This facility will be capable of processing and converting up to 3,000 metric tons per day of municipal solid waste into 36 MW (net) of renewable energy.

January 2017

Metro Pacific Hospital Holdings, Inc. (MPHHI) acquired 65.0% of Delgado Clinic Inc., owner and operator of the Dr. Jesus C. Delgado Memorial Hospital in Quezon City.

2016


December 2016

NLEX Corp acquired an additional 14.0% of Tollways Management Corporation (TMC) bringing its ownership to 60.0%.

November 2016

NLEX Corp signed the Concession Agreement for the NLEX-SLEX Connector Road Project with the DPWH.

Maynilad Water Services, Inc. and PT Moya Indonesia signed a JV Agreement for the establishment of a joint venture company in Indonesia.

September 2016

NLEX Corp received the Notice of Award for the NLEX-SLEX Connector Road Project from the Department of Public Works and Highways (DPWH) – an 8-kilometer elevated toll expressway over the Philippine National Railways.

July 2016

MPHHI acquired 93.0% of Marikina Valley Medical Center, Inc.

June 2016

MPW acquired 65.0% of Eco-System Technologies International, Inc. (ESTII). ESTII is engaged in the business of designing, supplying, constructing, installing, and operating and maintaining wastewater and sewage treatment plant facilities.

May 2016

MetroPac Water Investments Corporation (MPW) signed a Joint-Venture Agreement with Metro Iloilo Water District (MIWD) for the formation of a Joint-Venture Company that will rehabilitate, expand, operate, and maintain MIWD’s existing water production facilities for 25 years.

MetroPac Movers, Inc. (MMI) completed the acquisition of assets and key contracts of Basic Logistics Corporation, A1Move Logistics, Inc., Philflash Logistics, Inc. and BasicLog Trading and Marketing Enterprise.

MPIC placed 3.6 billion shares to GT Capital Holdings,Inc. (GT Capital) at P6.10 each.

Metro Pacific Holdings, Inc. (MPHI) sold 1.3 billion shares to GT Capital, bringing effective ownership of GT Capital in MPIC to 15.6%

MPHI subscribed to 4.1 billion Class “A” voting preferred shares.

Beacon Electric Asset Holdings Inc. (Beacon Electric), through a wholly owned subsidiary Beacon PowerGen Holdings Inc., entered into a Share Purchase Agreement with GT Capital to acquire 56.0% of Global Business Power Corporation (GBPC).

MPIC acquired a further 25.0% interest in Beacon Electric from PLDT Communication and Energy Ventures (PCEV).

April 2016

NLEX Corporation (NLEX) issued a Notice of Arbitration and Statement of Claim to the Republic of the Philippines, acting by and through the Toll Regulatory Board (TRB), to obtain compensation for TRB’s inaction on lawful toll rate adjustments which were due since 1 January 2013.

Cavitex Infrastructure Corporation (CIC) issued a Notice of Arbitration and Statement of Claim to the Republic of the Philippines, acting by and through the TRB, to obtain compensation for TRB’s inaction on lawful toll rate adjustments which were due 1 January 2012, 1 January 2014, and 1 January 2015.

 

2015


December 2015

MPHHI acquired 51.0% of Sacred Heart Hospital of Malolos, Inc.

MPHHI acquired 20.0% of Manila Medical Services, Inc., the corporation that owns and operates Manila Doctors Hospital.

November 2015

MetroPac Water Investments Corporation (MPW) received the Notice of Award from the Iloilo Bulk

Water Supply Project from the Metro Iloilo Water District.

October 2015

MPIC acquired 25.0% of Indra Philippines, Inc. from MERALCO.

September 2015

Light Rail Manila Corporation (LRMC) took over the operations and maintenance of the Light Rail Transit (LRT) Line 1.

July 2015

MPCALA signed the Concession Agreement for the CALAEX Project.

June 2015

MPCALA Holdings, Inc. (MPCALA) received Notice of Award for the Cavite-Laguna Expressway (CALAEX) Project.

MPHHI subscribed to an additional 209,802 shares out of the 230,413 new RMCI shares at P1.7 per share. This brought MPHHI’s equity ownership in RMCI to 78.0%.

April 2015

Metro Pacific Investments Corporation (MPIC) purchased 112.7 million shares from Beacon Electric, representing approximately 10.0% of Manila Electric Company (MERALCO). This brought MPIC’s ownership in MERALCO to 32.5%.

March 2015

NLEX Corp signed a Business Agreement with BCDA for the management services, toll collection, traffic safety and security management, toll road and facilities maintenance, including all necessary support services of SCTEX over a 29-year period until 2043.

Segment 9, an extension of NLEX, commenced operations.

Maynilad Water Services Inc. (Maynilad) filed a Notice of Arbitration and Statement of Claim from the Republic for its revenue losses due to the delay of MWSS to implement the arbitral award that was issued on 29 December 2014 upholding Maynilad’s alternative rate rebasing adjustment.

Metro Pacific Hospital Holdings Inc. (MPHHI) signed a lease agreement with West Metro

Medical Center, a 110-bed hospital in Zamboanga City.

MPHHI acquired an additional 12.4% in Riverside Medical Center, Inc. (RMCI).

February 2015

NLEX Corporation and the Bases Conversion and Development Authority (BCDA) inked agreement to integrate NLEX and Subic-Clark-Tarlac Expressway (SCTEX) toll systems.

Metro Pacific Investments Corporation (MPIC) placed 1,812 million shares at P4.90 each, raising P8.9 billion in new equity – bringing public float to 47.9%.

NLEX Corporation received the Notice of Award for the management, operation and maintenance of the 94-kilometer SCTEX.

January 2015

Metro Pacific Tollways Corporation (MPTC) acquired 45.0% of CII Bridges and Roads.

2014


December 2014

MetroPac Water Investments Corporation (MPW) entered into an agreement to operate and maintain the 100 MLD (million liters per day) bulk water facility of Rio Verde Water Corporation located in Baungon, Bukidnon.

The Arbitration Panel of the Metropolitan Waterworks and Sewerage System and Maynilad Water Services, Inc. upheld the alternative rebasing adjustment of Maynilad resulting in a 9.8% increase in the 2013 per cu.m., inclusive of the P1.00 Currency Exchange Rate Adjustment.

October 2014

LRMC signed the Concession Agreement for the P65.0 billion LRT Line 1 Cavite Extension and Operations and Maintenance Project.

September 2014

The Department of Transportation and Communications awarded the 32-year concession for the Light Rail Transit (LRT) Line 1 project to Light Rail Manila Corporation (LRMC).

July 2014

GIC of Singapore, through its affiliate, invested P3.7 billion for a 14.4% stake in Metro Pacific Hospital Holdings Inc. (MPHHI) and advanced to MPIC P6.5 billion by way of Exchangeable Bond which can be exchanged into a 25.5% stake in MPHHI.

MPIC acquired the remaining 75.0% of FPM Infrastructure Holdings Ltd. which holds a 100.0% economic interest in AIF Toll Road Holdings (Thailand) Co., Ltd. This brought MPIC’s effective ownership of Don Muang Tollways to 29.5%.

Metro Pacific Tollways Development Corporation acquired equity interest equivalent to 50.0% plus one share of the capital stock of Easytrip Services Corporation

June 2014

Metro Pacific Investments Corporation (MPIC) purchased from Beacon Electric Asset Holdings Inc. 56.4 million shares, comprising approximately 5.0%, in Manila Electric Company (MERALCO) at P235.00 per share for an aggregate consideration of P13.2 billion. This brought MPIC’s ownership in MERALCO to 27.5%.

March 2014

AF Payments Inc. signed a ten-year concession agreement to build and implement the AFCS project for the LRT and MRT lines in Metro Manila.

January 2014

Metro Pacific Tollways Corporation (MPTC) purchased an additional 3.9% of NLEX Corporation from Egis Projects SA, for an aggregate purchase price of P1.4 billion. This brought MPTC’s

ownership in NLEX Corp to 71.0%.

2013


December 2013

AF Payments, Inc. was declared as the winning bidder of the P1.7 billion Automated

Fare Collection System Project.

November 2013

First Pacific and MPIC formed a joint venture to acquire a 29.4% stake in Don Muang Tollway

Public Company Ltd. of Thailand.

October 2013

MPIC acquired 51.0% of Central Luzon Doctor’s Hospital in Tarlac City.

 

May 2013

MPIC acquired 51.0% of De Los Santos Medical Center, a Level 3 teaching and training hospital in Quezon City.

April 2013

MPIC was included in the Morgan Stanley Capital International Index.

March 2013

 

Manila Electric Company (MERALCO), though a joint venture with First Pacific Company Limited (First Pacific), acquires 70.0% of PacificLight Power Co. (PacificLight) Ltd. At the time of acquisition, PacificLight was finishing construction of a 2×400 MW Liquefied Natural Gas Combined Cycle Combustion Turbine Power Plant located in Jurong Island, Singapore.

February 2013

Marubeni Corp. purchased 20.0% of Maynilad reducing MPIC’s economic interest from 56.8% to 52.8%.

January 2013

Metro Pacific Investments Corporation (MPIC) placed 1,330 million shares at P4.60 each, raising P6.1 billion in new equity – bringing public float to 43.8%.

Maynilad Water Services, Inc. was declared as the winning bidder for the sale of Olongapo City’s 10.0% stake in Subic Water and Sewerage Co., Inc. for a total purchase price of P210.6 million.

Metro Pacific Tollways Corporation (MPTC) secured 100% control of Cavitex Infrastracture Corporation by virtue of a Management Letter Agreement.

2012


December 2012

MPIC established presence in the southern toll road system by entering into a P6.8 billion Financing and Cooperation Agreement with Cavitex Holdings.

August 2012

MPIC, through its appointed depositary, Deutsche Bank, launches its American Depositary Receipts Level 1 Program.

Maynilad Water Services, Inc. signs a Share Purchase Agreement for the acquisition of 100% of Philippine Hydro, Inc.

June 2012

MPIC purchased from PCEV 282.0 million preferred shares of stock in Beacon Electric for an aggregate purchase price of P 3.6 billion. This brought MPIC ownership of both common and preferred shares to 50.0% in Beacon Electric.

May 2012

MPIC formed a joint venture corporation with Ayala Corporation for the purpose of pursuing the LRT 1 Expansion Project.

March 2012

MPIC launched a tender offer to the shareholders of Asian Hospital, Inc. at a purchase price of P1.39 per tender offer share.

January 2012

Metro Pacific Investments Corporation (MPIC) and PLDT Communications and Energy Ventures (PCEV) purchased an additional 2.7% of Manila Electric Company (MERALCO) through Beacon Electric Asset Holdings, Inc. (Beacon Electric). This brought Beacon Electric’s shareholdings in MERALCO to 48.0%.

2011


December 2011

MPIC acquired 56.5% of Asian Hospital Inc.

November 2011

Metro Pacific Investments Corporation (MPIC) acquired 100.0% of Colinas Verdes Hospital Managers Corporation (operator of Cardinal Santos Medical Center) from its associate Medical Doctor’s Inc.

October 2011

Beacon Electric acquired 68.8 million shares from PLDT Communication and Energy Ventures (PCEV) comprising approximately 6.1%, of MERALCO. In addition, PCEV subscribes to 1.20 billion preferred shares of Beacon Electric for an issue value of P15.1 billion. This brought Beacon Electric’s shareholdings in MERALCO to 45.4%.

July 2011

MPIC placed 2,400 million shares at P3.60 each, raising P8.6 billion in new equity – bringing public float to 40.8%.

May 2011

Beacon Electric Asset Holdings, Inc. (Beacon Electric) increases ownership of Manila Electric Company (MERALCO) to 38.9%.

February 2011

Formal unveiling of Maynilad Water Services, Inc.’s Putatan Water Treatment Plant.

2010


November 2010

MPIC established East Manila Hospital Managers Corporation and entered into a 20-year contract to manage and operate Our Lady of Lourdes Hospital.

August 2010

MPIC divested an additional 15.0% of LandCo., bringing its effective ownership down to 19.0%.

MPIC declared its first dividend of P0.010 per common share to stockholders of record as of 19 August 2010.

July 2010

Maynilad’s Putatan Water Treatment Facility began operations.

June 2010

Segment 8.1, an extension of North Luzon Expressway (NLEX), commenced operations.

MPIC divested its entire interest in Manila North Harbour Port Inc.

May 2010

MPIC acquired 51.0% of Riverside Medical Center Inc. (RMCI).

April 2010

Maynilad Water Services Inc.’s concession term was extended by an additional 15 years to 2037.

March 2010

Metro Pacific Investments Corporation (MPIC) established Beacon Electric Asset Holdings Inc. (Beacon Electric), a Joint Venture between MPIC and PLDT Communication and Energy Ventures (PCEV), for the sole purpose of holding their respective holdings in Manila Electric Company (MERALCO), totaling 34.8%.

2009


December 2009

MPIC acquired additional Davao Doctor’s Hospital shares increasing its effective ownership to 34.9%.

October 2009

MPIC issued additional 6.9% of its outstanding capital stock to Metro Pacific Holdings, Inc. (MPHI) in exchange for Manila Electric Company (MERALCO) shares.

MPIC won bid, together with Harbour Centre Port Terminal, to develop, manage and operate the North Harbour under Manila North Harbour Port, Inc.

September 2009

MPIC international roadshow set record equity placing for 2009 with issue size of US $300 million.

June 2009

MPIC divested 17.0% of its interest in LandCo., bringing its effective ownership down to 34.0%.

March 2009

Metro Pacific Investments Corporation (MPIC) established Colinas Verdes Hospital Managers Corporation (CVHMC) under Medical Doctors Inc. (MDI) and entered into a 20-year contract to manage and operate Cardinal
Santos Medical Center (CSMC).

2008


December 2008

MPIC directly acquired additional 5.9% of Maynilad Water Services, Inc., bringing its effective ownership to 56.8%

November 2008

MPIC completed the purchase of 99.8% of Metro Pacific Tollways Corporation (MPTC).

May 2008

MPIC acquired 34.0% of Davao Doctors Hospital (DDH).

February 2008

Maynilad exited from court administered rehabilitation.

January 2008

Metro Pacific Investments Corporation (MPIC) acquired 33.0% of Medical Doctors Inc. with the conversion of the notes subscribed in 2007.

2007


May 2007

MPIC subscribed to P750 million of convertible notes of Medical Doctors, Inc. (MDI) – Makati Medical Center – which entitled the Company to up to 33.0% of equity interest in MDI.

January 2007

Metro Pacific Investments Corporation (MPIC) acquired 42.0% effective ownership of Maynilad Water Services, Inc.

2006


December 2006

MPIC effectively listed with the Philippines Stock Exchange (PSE) by way of introduction.

November 2008

MPIC established DMCI-MPIC Water Company (DMWC) as a Joint Venture to acquire interest in

Maynilad Water Services, Inc.

March 2006

Metro Pacific Investments Corporation (MPIC) is incorporated and registered with the Securities and Exchange Commission.

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