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)
Sep 18, 2023
2. SEC Identification Number
34218
3. BIR Tax Identification No.
000-153-610-000
4. Exact name of issuer as specified in its charter
AYALA CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
37F to 39F, Ayala Triangle Gardens Tower 2, Paseo de Roxas cor Makati Avenue, Makati CityPostal Code1226
8. Issuer's telephone number, including area code
(02) 7908-3000
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 Shares
619,807,425
Preferred A Shares
5,244,515
Preferred B Shares Series 1
20,000,000
Preferred B Shares Series 2
30,000,000
Voting Preferred Shares
200,000,000
11. Indicate the item numbers reported herein
Item 9 - Other Matters
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.
Ayala CorporationAC
PSE Disclosure Form 6-3 - Declaration of Property Dividends References: SRC Rule 17 (SEC Form 17-C) and Sections 6 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Property Dividend Distribution Update
Background/Description of the Disclosure
Further to our disclosures on 29 April 2022, 12 May 2022, 23 May 2022, 27 September 2022, 24 October 2022, 4 January 2023, and 18 July 2023, Ayala Corporation has distributed, as of 1 September 2023, 92% of the common shares of ACEN Corporation that it declared as property dividends.
Additional ACEN shares will be distributed on 21 September 2023 covering around 4% of the total property dividends to be distributed. The total percentage of property dividends distributed as of 21 September 2023 would be around 96%.
The dividend distribution will continue as and when eCARs are released by BIR. The eCAR issuance is a prerequisite for the transfer of the properties of the Corporation, i.e. the ACEN shares, to each entitled stockholder as of the record date and it’s a process that entails the participation of both the Corporation, as transferor, and the stockholders, as transferees.
Type of Securities
Common
Preferred-
Others-
Property Dividend
Date of Approval by Board of Directors
Apr 29, 2022
Date of Approval by Stockholders
N/A
Date of Approval by Securities and Exchange Commission, if applicable
Oct 24, 2022
Other Relevant Regulatory Agency, if applicable
-
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Property to be Distributed
ACEN shares
Entitlement Ratio
3 ACEN shares per 1 AC common share
Record Date (to be determined after necessary approvals)
May 27, 2022
Payment Date (to be determined after necessary approvals)
Jan 9, 2023
Other Relevant Information
The Corporation’s stock transfer agent, BPI Stock Transfer Office will be notifying shareholders on the specific dividend payment date applicable to them once the relevant eCARs are received by the Corporation.