C07169-2023

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)
Sep 28, 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 Corner Makati Avenue, Makati City Postal Code 1226
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 (Reissued) 5,244,515
Preferred B Series 1 Shares 20,000,000
Preferred B Series 2 Shares 30,000,000
Voting Preferred Shares 200,000,000
11. Indicate the item numbers reported herein
Item 9

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 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Election of a Director
Background/Description of the Disclosure

Please be informed that our Board of Directors, at its regular meeting held today, approved the election of Mr. Fernando Zobel de Ayala as our Director to serve the unexpired term of Ms. Mercedita S. Nolledo, who resigned from our Board effective today. Ms. Nolledo previously served in the Board from 2004 until September 2010 and rejoined the Board last year, on September 27, 2022, following the resignation of FZA. She resigned in support of FZA's rejoining the Board to resume his leadership of our Sustainability initiatives, particularly our Net Zero commitment, which he launched in 2021.
Resignation/Removal or Replacement
Name of Person Position/Designation Effective Date of Resignation/Cessation of term
(mmm/dd/yyyy)		 Reason(s) for Resignation/Cessation
Mercedita S. Nolledo Director 09/28/2023 In support of Mr. Fernando Zobel de Ayala's rejoining the Board to resume his leadership of the Corporation's Sustainability initiatives
Election or Appointment
Name of Person Position/Designation Date of Appointment/Election
(mmm/dd/yyyy)		 Effective Date of Appointment Election
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Fernando Zobel de Ayala Director 09/28/2023 09/28/2023 554,983 6,130 Held thru PCD (the 554,983 direct shares are voting preferred shares)
Promotion or Change in Designation
Name of Person Position/Designation Date of Approval
(mmm/dd/yyyy)		 Effective Date of Change
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
From To Direct Indirect
- - - - - - - -
Other Relevant Information

Fernando Zobel de Ayala, Filipino, 63, serves as a Special Advisor to the Board of Ayala Land Inc. He previously served as Ayala Corporation’s President and Chief Operating Officer for 15 years before assuming the role of Chief Executive Officer until September 27, 2022. He was recently elected as a Director of Bank of the Philippine Islands and Chairman of Ayala Healthcare Holdings, Inc. He serves as an Independent Director of Pilipinas Shell Corporation. He also serves as the Chairman of Alabang Commercial Corporation and Accendo Commercial Corp.; Vice Chairman of Fort Bonifacio Development Corporation, Bonifacio Land Corp., Berkshires Holdings, Inc., Emerging City Holdings, Inc., and Columbus Holdings, Inc. In addition, he serves on the Board of Georgetown University and is a member of the Chief Executives Organization. He is involved in various international and local non-profit organizations. He serves on the Board of the Asia Society and is a member of Asia Philanthropy Circle and Habitat for Humanity International’s Asia Pacific Development Council. In the Philippines, he is Chairman of Ayala Foundation and Hero Foundation, Inc.; Vice Chairman of Bonifacio Arts Foundation, Inc.; and member of the Board of Trustees of Caritas and Pilipinas Shell Foundation. Mr. Zobel de Ayala holds a liberal arts degree from Harvard College and a CIM from INSEAD, France.
Filed on behalf by:
Name Solomon Hermosura
Designation Senior Managing Director, Chief Legal Officer, Corporate Secretary, Compliance Officer, Data Protection Officer & Corporate Governance Group Head