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Ayala CorporationAC
PSE Disclosure Form 4-34 - Voluntary Trading Suspension
| Subject of the Disclosure |
Voluntary Trading Suspension on Preferred “B” Series 1 Shares (ACPB1) |
| Background/Description of the Disclosure |
Further to our disclosure on September 28, 2023, we wish to remind the holders of our Preferred “B” Series 1 shares (the “Shares” or “ACPB1 shares”) of our exercise of the call option on the said Shares on November 15, 2023, the 10th year anniversary from issue date of the Shares as specified in its Prospectus. The Shares shall be redeemed at the redemption price equal to the issue price plus all accrued and unpaid dividends up until November 15, 2023 based on the dividend rate of 5.2500% per annum.
The registrar for our ACPB1 shares needs to prepare a certified Redemption Entitlement Report and deliver the same to us and our paying agent no later than 9:00 A.M. of November 3, 2023 or eight (8) banking days immediately prior to the redemption date.In view of the foregoing, the record date for the full redemption of the Shares is set for October 27, 2023, and the trading suspension on our ACPB1 shares is also intended to start on October 26, 2023 until the re-issuance of the Shares. |
| Stock Symbol(s) of Affected Securities |
ACPB1 |
Trading Suspension Details
| Execution Date |
Oct 26, 2023 |
| Execution Time |
9:00 AM |
| Lifting Date |
TBA |
| Lifting Time |
TBA |
| Reason(s) for the request |
Redemption of the shares |
| Other Relevant Information |
1. The relevant dates for the final ACPB1 dividend & redemption payment are as follows:
On Final Dividend:
Ex-date: October 26, 2023
Record date: October 27, 2023
Payment date: November 15, 2023
On Redemption (Equity):
Ex-date: October 26, 2023 (start of trading suspension)
Record date: October 27, 2023
Payment date: November 15, 2023
2. For clarity, those entitled to the ACPB1 redemption payment are the shareholders who acquired the shares prior to the dividend ex-date, October 26, 2023. They will receive the full redemption amount equal to the issue price plus the accrued and unpaid dividend for the period August 15, 2023 to November 15, 2023.
3. The redemption amount comprising of the final dividend &/or redemption price will be paid in a manner similar to the quarterly dividend payments
Depending on the payment mode specified by the shareholders as appearing on the record of the Registrar, the final dividend and equity redemption shall be paid by electronic transfer to stockholders with enrolled accounts. For stockholders with no enrolled accounts, both the dividend checks and the redemption checks shall be available for pick-up at the Stock Transfer Service, Inc.’s office located at 34-D Rufino Pacific Tower, 6784 Ayala Avenue, Makati City beginning November 15, 2023. |
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 |