Republic of the Philippines

REGIONAL TRIAL COURT OF CEBU

7TH Judicial Region
BRANCH ___
Cebu City

IN THE MATTER OF THE

VOLUNTARY DISSOLUTION
OF A STOCK CORPORATION

SP. PROC. NO. ______________

PREMIER LEAGUE CORPORATION

Petitioners,
x-------------------------------------------------------/

PETITION FOR VOLUNTARY DISSOLUTION OF STOCK

CORPORATION

COMES NOW the Petitioner, PREMIER LEAGUE

CORPORATION, through the undersigned board of
directors, and unto this Honorable Court, respectfully
avers that:

1. That PREMIER LEAGUE CORPORATION1 has

been duly organized on the 12 th of February, 1998
under the laws of the Philippines;

2. That PREMIER LEAGUE has its principal place of

business at Executive Building, EPL Compound,
Banawa, Cebu City;

3. That the authorized capital stock of PREMIER

LEAGUE is ONE MILLION FIVE HUNDRED
THOUSAND PESOS (P1,500,000.00) Philippine
currency, divided into 15,000 shares with par
value of ONE HUNDRED PESOS (P100.00) per
share;

1
“Premier League” for brevity

1
 4. That at or around the month of June 2018,
PREMIER LEAGUE has started to experience a
steady but serious decline in sales revenue. A
copy of the corporation’s 2017 Audited Income
Statement is herein attached as ANNEX “A” and
a copy of the corporation’s 2018 Audited Income
Statement is herein attached as ANNEX “B”;

5. That in the meeting of the stockholders held on

the 5th of January, 2019 in Marco Polo Plaza
Cebu, the dissolution of the said corporation was
resolved upon by the affirmative vote of the
stockholders holding or representing at least
two-thirds (2/3) of all shares of stock issued or
subscribed. A copy of the minutes of the 5 th of
January, 2019 meeting is herein attached as
ANNEX “C”;

6. That the following are the present claims and

demands against PREMIER LEAGUE:

Bank of Philippine Islands - P300,000 Emergency

Loan
Nike, Inc. - P100,000 Purchase of
Supplies
Adidas, Inc. - P120,000 Purchase of
Supplies
Reebok, Inc. - P90,000 Purchase of
Supplies
MUC Employees Union - P30,000 13th Month Pay
Cebu Sports Federation - P20,000 Settlement
for Damages

7. That PREMIER LEAGUE has present assets with

a value of TWO HUNDRED THOUSAND PESOS
(P200,000.00) over and above its just debts and
liabilities. A copy of the corporation’s Audited
Balance Sheet is herein attached as ANNEX “D”.

PRAYER

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 WHEREFORE, it is respectfully prayed that, upon
prior publication and notice as required by law and due
hearing on this petition, this Honorable Court adjudge
and declare PREMIER LEAGUE dissolved, and that
herein board of directors be designated liquidator to
take charge of winding up the affairs of the corporation.

Cebu City, Philippines, 14th of February, 2019.

PREMIER LEAGUE CORPORATION

By:

DAVID DE GEA HUGO

LLORIS
President Corporate
Secretary

MARCUS ALONSO GONZALO

HIGUAIN
Director Director

JUAN MATA ALEXIS SANCHEZ

Director Director
Republic of the Philippines )
City of Cebu ) S.S.

VERIFICATION AND CERTIFICATION OF NON-FORUM

SHOPPING

We, DAVID DE GEA, HUGO LLORIS, MARCUS

ALONSO, GONZALO HIGUAIN, JUAN MATA, and ALEXIS
SANCHEZ, all of legal age, married, Filipino citizens,
and with principal place of business at Executive
Building, EPL Compound, Banawa, Cebu City, after
having been duly sworn to in accordance with law do
hereby depose and say:

1. That we are the Petitioners in the above-entitled

case;
2. That we have caused the preparation of the
foregoing petition;

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 3. That we have read the foregoing petition and all
of the allegations therein are true and correct
and of our own personal knowledge or based on
authentic records;
4. That we have not filed any case involving the
same issues as in the case at bar before any
court, agency or tribunal;
5. That there is no pending case involving the same
issues as in the case at bar with any court,
agency or tribunal at any state whatsoever;
6. That if we receive any information to the
contrary, I undertake to inform this Honorable
Court within 5 days therefrom.

IN WITNESS HEREOF, we have hereunto affixed my

signature this 14th of February, 2019 in Cebu City,
Philippines.

DAVID DE GEA HUGO LLORIS

Affiant Affiant

MARCUS ALONSO GONZALO

HIGUAIN
Affiant Affiant

JUAN MATA ALEXIS

SANCHEZ
Affiant Affiant

SUBSCRIBED AND SWORN to before me at Cebu

City, Philippines, this 14th day of February, 2019,
affiants exhibiting to me the following:

NAME ID PRESENTED
VALID UNTIL
David De Gea Passport No. EV0384158
12/20/19

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 Hugo Lloris Passport No. EB0158347
06/24/19
Marcus Alonso Passport No. EB1458291
10/12/22
Gonzalo Higuain Passport No. CE1582734
09/28/20
Juan Mata Passport No. HD1928394
02/21/23
Alexis Sanchez Passport No. BC2839541
03/09/21

Doc. No. : ____ JOSELITO Z. AÑO, JR.

Page No. : ____ Notary Public
Book No. : ____ Notarial Commission No.
012-11
Series of 2019 ROLL OF ATTORNEYS
No. 60523
IBP No. 110252; 12/12/18;
Cebu
PTR No. 1242599; 12/12/18;
Cebu
MCLE COMPLIANCE No. V-
00234
EH 501, Law Building
P. del Rosario Street, Cebu
City