C06440-2023

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 17, 2023
2. SEC Identification Number
AS094-000088
3. BIR Tax Identification No.
003-058-789
4. Exact name of issuer as specified in its charter
SM PRIME HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor Mall of Asia Arena Annex Building, Coral Way cor. J.W. Diokno Blvd., Mall of Asia Complex, Brgy. 76, Zone 10, CBP-1A, Pasay City, Philippines Postal Code 1300
8. Issuer's telephone number, including area code
(632) 8831-1000
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 28,879,231,694
DEBT SECURITIES - RETAIL BOND 135,432,740,000
11. Indicate the item numbers reported herein
ITEM # 9, LETTER B

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.

SM Prime Holdings, Inc.SMPH

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

News Clarification: SMIC defers REIT listing
Source BusinessWorld (Online Edition)
Subject of News Report SMIC defers REIT listing
Date of Publication Aug 17, 2023
Clarification of News Report

August 17, 2023

The Philippine Stock Exchange, Inc.
6F PSE Tower
28th Street corner 5th Avenue
BGC, Taguig City

Attention of Ms. Alexandra D. Tom Wong
Officer-in-Charge, Disclosure Department

Gentlemen:

This refers to the news article posted in various online sites including BusinessWorld (Online Edition). The article reported in part that:

“SM PRIME Holdings, Inc. is looking to defer the market listing of its real estate investment trust (REIT) to next year due to market conditions, an official of its parent firm SM Investments Corp. (SMIC) said on Wednesday.

“They have always said that [the REIT] is subject to market conditions. As we are looking at things now... we may look to potentially do this a bit later than had initially been said,” said Timothy Daniel, SMIC head of investor relations, sustainability, and communications, said during the PSE STAR event.

“[In] the second half of this year, they will assess market conditions, and this is maybe something for next year,” he added.

. . . .

The company’s planned REIT offering is likely to be valued at around $3.5 billion to $4 billion and initially composed of 12 to 15 assets, which will come from the 82 malls it currently has as 30 to 35 malls are now fully matured.

“Perhaps they would list about a quarter of that, bringing in about $1 billion of revenue, particularly towards funding the reclamation efforts in Manila Bay,” Mr. Daniels said.

. . . . ”

In your letter dated August 17, 2023, you seek clarification and confirmation from us on said news article including, but not limited to:

1. SMPH’s plan to defer the market listing of its real estate investment trust (REIT) to next year due to market conditions; and
2. The planned REIT offering valued at around $3.5 billion to $4 billion.

We confirm the above-quoted news article.


Very truly yours,


JOHN NAI PENG ONG
Chief Finance Officer
Other Relevant Information

N/A
Filed on behalf by:
Name January Orias
Designation Senior Manager