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    Securities and Exchange Commission: Sec Form 17-C, As Amended

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    gyl
    The document summarizes the results of Agrinurture, Inc.'s Annual Meeting of Shareholders and Organizational Meeting of the Board of Directors held on September 9, 2020. Key points include: 1) Eleven individuals were appointed to the Board of Directors. 2) Seven corporate officers were appointed, including Antonio Tiu as Chairman/CEO and Kenneth Tan as CFO. 3) Five committees were formed and committee members were appointed. 4) Seventeen items were approved by shareholders, including financial statements, external auditor appointment, related party transactions and corporate actions.

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    Securities and Exchange Commission: Sec Form 17-C, As Amended

    Uploaded by

    gyl
    88 views4 pages
    The document summarizes the results of Agrinurture, Inc.'s Annual Meeting of Shareholders and Organizational Meeting of the Board of Directors held on September 9, 2020. Key points include: 1) Eleven individuals were appointed to the Board of Directors. 2) Seven corporate officers were appointed, including Antonio Tiu as Chairman/CEO and Kenneth Tan as CFO. 3) Five committees were formed and committee members were appointed. 4) Seventeen items were approved by shareholders, including financial statements, external auditor appointment, related party transactions and corporate actions.

    Original Description:

    Board of Director Current Report

    Original Title

    17-C_asm_bod_090920

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    The document summarizes the results of Agrinurture, Inc.'s Annual Meeting of Shareholders and Organizational Meeting of the Board of Directors held on September 9, 2020. Key points include: 1) Eleven individuals were appointed to the Board of Directors. 2) Seven corporate officers were appointed, including Antonio Tiu as Chairman/CEO and Kenneth Tan as CFO. 3) Five committees were formed and committee members were appointed. 4) Seventeen items were approved by shareholders, including financial statements, external auditor appointment, related party transactions and corporate actions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    88 views4 pages

    Securities and Exchange Commission: Sec Form 17-C, As Amended

    Uploaded by

    gyl
    The document summarizes the results of Agrinurture, Inc.'s Annual Meeting of Shareholders and Organizational Meeting of the Board of Directors held on September 9, 2020. Key points include: 1) Eleven individuals were appointed to the Board of Directors. 2) Seven corporate officers were appointed, including Antonio Tiu as Chairman/CEO and Kenneth Tan as CFO. 3) Five committees were formed and committee members were appointed. 4) Seventeen items were approved by shareholders, including financial statements, external auditor appointment, related party transactions and corporate actions.

    Copyright:

    © All Rights Reserved
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    of 4

    SECURITIES AND EXCHANGE COMMISSION

    SEC FORM 17-C, AS AMENDED

    CURRENT REPORT UNDER SECTION 17 OF THE


    SECURITIES REGULATION CODE AND SRC RULE 17(b)(3) THEREUNDER

    1. 9 September 2020
    …………………………………………………………………………………………………………………………………………………………….
    Date of Report (Date of earliest event reported)

    2. SEC Identification Number: A199701848 3. BIR Tax Identification No. 200-302-092-000

    4. AGRINURTURE, INC.
    ........................................................................................................................
    Exact name of issuer as specified in its charter

    5. Philippines 6. (SEC Use Only)


    ......................................................................
    Province, country or other jurisdiction Industry Classification Code:
    of incorporation

    7. 54 National Road, Dampol II-A, Pulilan, Bulacan 3005


    ................................................................................ ........................
    Address of principal office Postal Code

    8. (044) 8156340
    ........................................................................................................................
    Issuer's telephone number, including area code

    9. N/A
    ..........................................................................................................................
    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 SHARES 1,018,274,088

    11. Indicate the item numbers reported herein: ......................................................

    Agrinurture, Inc. (the “Company”) held its Annual Meeting of Shareholders on 9 September
    2020 and held the Organizational Meeting of the Board of Directors thereafter.

    Items 4 (b)

    The following were appointed as the members of the Board of Directors of the Company
    during the Annual Meeting of Shareholders:

    1. Antonio L. Tiu
    2. Yang Chung Ming
    3. Atty. Martin C. Subido
    4. Kenneth S. Tan

    1
    5. Senen L. Matoto
    6. Antonio Peter R. Galvez
    7. Ciara Mae Ong-Lim
    8. Luis Rey I. Velasco
    9. Atty. Gloriosa Y Sze (Independent Director)
    10. Atty. Maximilian Chua (Independent Director)
    11. Mark Norman A. Maca (Independent Director)

    The following were appointed as officers of the Company at the Organizational Meeting of
    the Board of Directors:

    NAME POSITION

    Antonio L. Tiu Chairman of the Board

    Antonio L. Tiu Chief Executive Officer &


    President

    Kenneth S. Tan Chief Financial Officer &Treasurer

    Atty. Maricris Connie B. Pua Corporate Secretary

    Glene G. Suyo Compliance Officer &


    Information Officer”

    The following were appointed as members of the Committees at the Organizational Meeting
    of the Board of Directors:

    Executive Committee i. Antonio L. Tiu -Chairman


    ii. Kenneth S. Tan -Vice Chairman
    iii. Senen L. Matoto -Member
    iv. Glene G. Suyo -Member
    v. Atty. Maricris Connie B. Pua -Member

    Audit Committee i. Atty. Gloriosa Y. Sze -Chairman


    ii. Antonio L. Tiu -Member
    iii. Mark Norman A. Maca -Member

    Nomination Committee i. Mark Norman A. Maca -Chairman


    ii.Antonio Peter R. Galvez -Member
    iii. Atty. Maximilian Chua -Member

    Corporate Governance & i. Atty. Maximilian Chua -Chairman


    Compensation ii.Ciara Mae O. Lim -Member
    Committee iii Atty. Gloriosa Y. Sze -Member

    Item 9. Other Items

    The following, among others, have been approved, ratified and confirmed by the
    Shareholders:

    1. Minutes of the Annual Meeting of the Shareholders held last 28 June 2019

    2. Ratification of all acts and resolutions of the Board of Directors and Management adopted
    during the preceding year

    3. Annual Report and Financial Statements for the year ended 31 December 2019

    4. Delegation of the appointment of External Auditor for the year 2020 to the Audit Committee
    2
    5. The Corporation’s Policy on Material Related Party Transactions

    6. Authority to Negotiate and Enter into Joint Venture or any similar arrangement with the
    Department of Justice through the Bureau of Corrections for the development of an
    integrated Agri-Tourism corn plantation in Palawan

    7. Authority to Negotiate and Acquire interests in Nutriceutical Food Corporation

    8. Issuance and Listing of up to 6,172,800 common shares of AgriNurture, Inc. in favor of Plentex
    Philippines, Inc. as approved by the Board on 20 December 2019

    9. Authority to divest interest in First Class Agriculture Corporation

    10. Change in the number of underlying common shares in the Corporation’s Depositary Receipts
    Program

    The change in ratio shall be from 1:10 or 1 Depositary Receipt with 10 underlying common
    shares to 1:20 or 1 Depositary Receipt with 20 underlying common shares

    11. Authority to submit unsolicited proposals to the Department of Agriculture (DA) and the
    National Food Authority (NFA)

    12. Acceptance of the intent of VNESTO Capital to finance the AgriNurture, Inc. expansion
    program

    13. Authority to enter into contract with Abacus Capital Investment Corporation as the
    Corporation’s underwriter for its Stock Rights Offering

    14. Authority to subscribe common shares in Binangonan Rural Bank, Inc.

    15. Conduct of Stock Split and Reclassification Shares

    16. Amendment of the Terms and Conditions of the Stock Rights Offering

    The amendment pertains to the entitlement ratio of the Stock Rights Offering to 2.5:1, with
    every existing shareholder of 2.5 shares shall be entitled to 1 Stock Right, with the offer price
    of Php 1.00 (par value).

    17. Amendment of the Terms and Conditions of the Issuance and Listing of the Warrants

    The amendment pertains to the exercise price of the issuance of the warrants to a discounted
    rate of 5% of the weighted average volume of trade thirty (30) days prior to expiration to be
    exercised after five (5) years date of issuance.

    18. Authority to issue Long Term Corporate Bonds and Short Term Commercial Papers and
    Authority of the Board to determine the terms and conditions thereof.

    3
    SIGNATURES

    Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused
    this report to be signed on its behalf by the undersigned hereunto duly authorized.

    AGRINURTURE, INC. 09 September 2020


    Issuer Date

    MARICRIS CONNIE B. PUA


    Corporate Secretary

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