C05952-2023

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)
Aug 3, 2023
2. SEC Identification Number
CEO2536
3. BIR Tax Identification No.
003-828-269-V
4. Exact name of issuer as specified in its charter
ABOITIZ EQUITY VENTURES INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
32nd Street, Bonifacio Global City, Taguig City, Metro Manila, Philippines Postal Code 1634
8. Issuer's telephone number, including area code
(02) 8 886-2800
9. Former name or former address, if changed since last report
N.A.
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 Stock P1 Par Value 5,630,225,457
Amount of Debt Outstanding (March 31, 2023) 372,946,436,000
11. Indicate the item numbers reported herein
Item 9. Other Events

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.

Aboitiz Equity Ventures, Inc.AEV

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Supplemental disclosure on AEV and Coca-Cola Europacific Partners PLC.'s Letter of Intent with The Coca-Cola Company to jointly acquire Coca-Cola Beverages Philippines, Inc.
Background/Description of the Disclosure

On August 2, 2023, Aboitiz Equity Ventures Inc. (AEV, the “Company”) disclosed that the Company and Coca-Cola Europacific Partners PLC have entered into a Letter of Intent with The Coca-Cola Company to jointly acquire Coca-Cola Beverages Philippines, Inc.

Upon the request from the Philippine Stock Exchange (PSE, the “Exchange”), AEV clarifies the following:

1. Based on a 60:40 ownership structure between Coca-Cola Europacific Partners PLC and AEV, AEV’s share in the final acquisition cost will be 40%;

2. The ‘enterprise value’ of USD1.8 billion (bn) is on a cash and debt-free basis, so the expected ‘acquisition cost’ will be USD1.8 bn as adjusted for outstanding cash and debt as of a certain date, and subject to item 3 below; and

3. To emphasize, the proposed acquisition is still subject to a number of conditions, including satisfactory completion of confirmatory due diligence, internal and regulatory approvals, and the parties signing the definitive agreements, all of which could have an impact on the final acquisition cost.

Attached is the Press Release disclosed on August 2, 2023.
Other Relevant Information

DISCLAIMER: This disclosure may contain forward-looking statements that are, by their nature, subject to significant risks and uncertainties. Some of these forward-looking statements can be identified by the use of forward-looking words, including, without limitation, “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other equivalent or comparable words.

All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the management of AEV, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and any projections or other forward looking financial or market information contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, without limitation, changes in business, market, financial, political and legal conditions; changes to the timing and proposed structure of the proposed transaction; failure to agree and execute definitive agreements; failure to realize the anticipated benefits of the proposed transaction; and the ability of the parties to the proposed transaction to satisfy the conditions to closing the proposed transaction, including as a result of the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions. The foregoing list of factors is not exhaustive. In addition, there may be additional risks that AEV does not presently know, or that AEV currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements.

There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements speak only as of the date they are made. AEV specifically disclaims any obligation to update forward-looking statements, except as required by law. Accordingly, there should be no undue reliance placed upon the forward-looking statements.
Filed on behalf by:
Name Sammy Dave Santos
Designation Senior Associate General Counsel