EasyCall Selling Shares in EPerformax to TDG Ventures for P44.9 Million

As approved by the Board of Directors during the Regular Board of Directors’ Meeting and 2025 Business Plan Presentation held on December 13, 2024, EasyCall Communications Philippines, Inc. (ECP) will execute with TDG Ventures, Inc. (TVI) a share sale agreement for ECP’s EPerformax International, Inc. (ePI) shares.

The decision of ECP to sell all its ePI shares to TVI, considering that it only has a 3.8% stake in ePI, is part of ECP’s strategic direction to prioritize its core operating business areas and management believes that the cash flow generated from this transaction may provide further cash resources to support current and potential future expansion in core strategic operating areas or other priority cash requirements.

The selling price is based on its carrying value as stated in its latest Audited Consolidated Financial Statements dated 2023 December 31 of PHP 44,933,843, which is more than double the acquisition price of roughly PHP 19.2 million.

The terms and conditions of the transaction:
 
Number of shares to be acquired or disposed: 22,085,697
Percentage to the total outstanding shares of the company subject of the transaction: 3.8%
Price per share is as follows: P2.0345223

EPerformax International, Inc. (ePI) is a holding company with operating companies primarily engaged in the business of Business Process Outsourcing (BPO) Services particularly contact center operations.

TDG Ventures, Inc. (TVI) is a domestic corporation, which owns 82.65% of the outstanding capital stock of ECP while ECP owns 11.76% of TVI. TVI also owns 44.86% of ePI. TVI, ePI and ECP have certain directors and officers in common.

EasyCall Communications Philippines Inc. (ECP) is a publicly-listed technology services company operating in the Philippines, and focuses on bringing reliable connectivity solutions, managed technology services, and technical support and technology services to enterprises and businesses.