Synergy Grid & Development Phils : Press Release

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) Apr 6, 20222. SEC Identification Number 413763. BIR Tax Identification No. 000-593-240-0004. Exact name of issuer as specified in its charter Synergy Grid & Development Phils., Inc.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 16th Floor, Tycoon Center Bldg. Condominium, Pearl Drive, Pasig CityPostal Code16008. Issuer's telephone number, including area code (632) 858439309. 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	5,265,866,000

11. Indicate the item numbers reported herein 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.

Synergy Grid & Development Phils., Inc.SGP 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

Subscription to preferred shares in National Grid Corporation of the Philippines

Background/Description of the Disclosure

In compliance with the conditions of SGP's follow-on offering (FOO) last 10 November 2021, Synergy Grid and Development Philippines, Inc. (SGP or the Company) is subscribing to 203,630,000 non-voting preferred shares of power transmission operator National Grid Corporation of the Philippines (NGCP). This will result in an increase in NGCP's capitalization, as well as give SGP a direct shareholding in NGCP of 9.241% of the latter's outstanding capital stock. SGP will be entitled to the features of the non-voting preferred shares such as receipt of dividends, apart from the dividends that SGP already indirectly receives from NGCP through holdings companies.

Other Relevant Information

Please see attached.

Filed on behalf by:

Name	Pia Isabel Co
Designation	Compliance Officer