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 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 (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 4-21 - Redemption of Security References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Optional Redemption by the Issuer of the P10.0Bn 5.2500% Preferred “B” Series 1 Shares (ACPB1)
Background/Description of the Disclosure
Please be informed that our Board of Directors (“Board”), at its regular meeting held today, approved the ratification of the resolution of our Finance Committee approving the optional redemption of the P10.0Bn 5.2500% Preferred “B” Series 1 shares (ACPB1). The redemption will be effective November 15, 2023 (the 10th year anniversary from the issue date of the shares) by payment in cash of the redemption price equal to 100% of the issue price of the shares plus accrued and unpaid dividends up until November 15, 2023 based on the dividend rate of 5.2500% per annum.
Date of Approval by Board of Directors
Sep 28, 2023
Record Date, if applicable
TBA
Redemption Price
100% of the issue price
Redemption Period
TBA
Redemption Date
Nov 15, 2023
Effects on the capital structure
Issued Shares
Type of Security/Stock Symbol
Before
After
Common Shares/ AC
635,052,277
635,052,277
Preferred A/ ACPA
6,755,485
6,755,485
Preferred A Shares (Reissued)/ ACPAR
5,244,515
5,244,515
Preferred B Series 1 Shares/ ACPB1
28,000,000
28,000,000
Preferred B Series 2 Shares/ APB2R
30,000,000
30,000,000
Voting Preferred Shares
200,000,000
200,000,000
Outstanding Shares
Type of Security/Stock Symbol
Before
After
Common Shares/ AC
619,807,425
619,807,425
Preferred A Shares (Reissued)/ ACPAR
5,244,515
5,244,515
Preferred B Series 1 Shares/ ACPB1
20,000,000
0
Preferred B Series 2 Shares/ APB2R
30,000,000
30,000,000
Voting Preferred Shares
200,000,000
200,000,000
Treasury Shares
Type of Security/Stock Symbol
Before
After
Common Shares/ AC
15,244,852
15,244,852
Preferred A/ ACPA
6,755,485
6,755,485
Preferred B Series 1 Shares/ ACPB1
8,000,000
28,000,000
Listed Shares
Type of Security/Stock Symbol
Before
After
Common Shares/ AC
627,324,878
627,324,878
Preferred A/ ACPA
6,755,485
6,755,485
Preferred A Shares (Reissued)/ ACPAR
5,244,515
5,244,515
Preferred B Series 1 Shares/ ACPB1
28,000,000
28,000,000
Preferred B Series 2 Shares/ APB2R
30,000,000
30,000,000
Effect(s) on foreign ownership level, if any
From 21.74% to 22.24%
Other Relevant Information
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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