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)
Feb 19, 2024
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
NA
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 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 4-13 - 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
Clarification of news article entitled, "Ayala Corporation to lower capex by 10% in 2024"
Source
GMA News Online
Subject of News Report
Ayala Corporation to lower capex by 10% in 2024
Date of Publication
Feb 19, 2024
Clarification of News Report
This refers to the request to clarify the news article entitled “Ayala Corporation to lower capex by 10% in 2024” posted in GMA News Online on February 19, 2024. It was reported in part that:
“Ayala Corporation, the country’s oldest conglomerate, is set to lower its capital expenditure (capex) for 2024 by double digits, as a number of its business units have slightly reduced their respective spending programs.
According to chief finance officer Alberto de Larrazabal, Ayala Corp. is looking at a 10% reduction from its P264-billion capex in 2023, with the bulk set to finance maturing loans.
. . . .”
We would like to clarify several points related to the request of the PSE: (i) On the Ayala Group's 2023 CAPEX, we estimate the figure to be closer to P250 billion. (ii) On Ayala Corporation's (parent) 2023 CAPEX, we estimate the figure to be closer to P13 billion. (iii) On the reduction in 2024 CAPEX, this is in relation to Ayala Corporation's (parent) 2024 CAPEX, which we estimate to be flat year-on-year. (iv) On the Ayala Group's 2024 CAPEX, we estimate the figure to be higher compared to Ayala Group's 2023 CAPEX.”