Securities and Exchange Commission

Gonzales 07:29 AM, Apr 04, 2022

April 4, 2022

Dear Rafael,

Thank you for your request dated Apr 01, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Average Club Share Price of Manila Yacht Club and Subic Bay Yacht Club (2010-2021).

We received your request on Apr 01, 2022 and will respond on or before Apr 22, 2022 10:56:15 AM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy05MTk4MDEwNzI3MDEM, for request with ticket number #SEC-919801072701.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Gumtang- Remalante 02:05 PM, Apr 07, 2022

April 7, 2022

Dear Rafael Valenzuela,

Greetings!

Thank you for your request dated Apr 01, 2022 10:56:15 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for Average Club Share Price of Manila Yacht Club and Subic Bay Yacht Club (2010-2021).

Response to Request

Please be informed that Manila Yacht Club does not have a secondary license. Therefore, our records could not provide you with the requested information.

Subic Bay Yacht Club, on the other hand, is a holder of a secondary license to offer and/or sell securities to the public with 1,046 registered shares at a minimum price of P700,000.00 to a maximum price of P1,200,000.00.

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Commission Secretary at comsec@sec.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

Thank you.

Respectfully,

Atty. Rachel Esther Gumtang- Remalante
FOI Receiving Officer

Gumtang- Remalante 02:20 PM, Apr 07, 2022

April 7, 2022

Dear Rafael Valenzuela,

Greetings!

Thank you for your request dated Apr 01, 2022 10:56:15 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

Please be informed that Manila Yacht Club does not have a secondary license. Therefore, our records could not provide you with the requested information.

Subic Bay Yacht Club, on the other hand, is a holder of a secondary license to offer and/or sell securities to the public with 1,046 registered shares at a minimum price of P700,000.00 to a maximum price of P1,800,000.00.

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Commission Secretary at comsec@sec.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

Thank you.

Respectfully,

Atty. Rachel Esther Gumtang- Remalante
FOI Receiving Officer