C01336-2024

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)
Mar 8, 2024
2. SEC Identification Number
77487
3. BIR Tax Identification No.
000-388-771
4. Exact name of issuer as specified in its charter
JOLLIBEE FOODS CORPORATION doing business under the name and style of Jollibee
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10/F JOLLIBEE PLAZA BUILDING, 10 F. ORTIGAS JR. AVENUE, ORTIGAS CENTER, PASIG CITY Postal Code 1605
8. Issuer's telephone number, including area code
(632) 8634-1111
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 1,120,532,029
Treasury 16,447,340
Preferred Shares (JFCPA) 3,000,000
Preferred Shares (JFCPB) 9,000,000
11. Indicate the item numbers reported herein
-

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.

Jollibee Foods CorporationJFC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

JFC Announces Plan to Issue Additional Preferred Shares
Background/Description of the Disclosure

Jollibee Foods Corporation (JFC) announced on March 8, 2024, that its Board of Directors has approved its plan to offer and issue to the public in the Philippines an additional 5,000,000 Preferred Shares with an oversubscription option of up to 3,000,000 Preferred Shares. The Preferred Shares will be sold at a subscription price of Php1,000.00 per share, with an estimated issue size of Php5.0 billion to up to Php8.0 billion, if the oversubscription option is fully exercised. These will be cumulative, non-voting, nonparticipating, non-convertible, redeemable, Peso-denominated perpetual Preferred Shares.

This planned additional Preferred Shares issuance will be offered as the second tranche under the 20,000,000 Preferred Shares Shelf Registration approved by the Securities and Exchange Commission – Markets and Securities Regulation Department on September 24, 2021. The second tranche of the Preferred Shares will be listed on the Philippine Stock Exchange. The issuance and listing of the second tranche of the Preferred Shares is subject to the approval by the Securities and Exchange Commission and the Philippine Stock Exchange, respectively.

The first tranche of the Preferred Shares previously offered consisted of 3,000,000 Series A Preferred Shares with a dividend rate of 3.2821% p.a. and 9,000,000 Series B Preferred Shares with a dividend rate of 4.2405% p.a. The dividend rate and other terms of the planned additional Preferred Shares will be determined at the time of pricing of the offering.

JFC is undertaking this funding transaction to maintain strong capital structure, robust leverage position, and optimize liquidity by managing maturities of financial obligations. A portion of the net proceeds from the offering will be used to refinance financial obligations including JFC’s callable Series A Preferred Shares which is due in October 2024 and for other general business purposes.

The second tranche Preferred Shares will come from the reclassification of the existing authorized and unissued common shares of JFC, thus not expanding the total number of authorized shares in its equity base. The Preferred Shares issuance will also not affect the current cash dividend policy and its implementation i.e., 33% of net income attributable to common equity holders of the parent company.

The second tranche Preferred Shares offering will be jointly underwritten by BPI Capital Corporation, Chinabank Capital Corporation and BDO Capital.

JFC is one of the largest Asian food service companies with 18 brands in 33 countries. At the end of December 2023, JFC’s store network increased by 6.3% compared to a year ago. JFC operated 6,885 stores worldwide: Philippines (3,339) and International (3,546): 567 in China, 389 in North America, 337 in EMEA, 779 with Highlands Coffee mainly in Vietnam, 1,164 with CBTL and 310 with Milksha. Its largest brands by store outlets worldwide are Jollibee with 1,660, CBTL 1,164, Highlands Coffee 779, Chowking 613, and Mang Inasal 573.
Other Relevant Information

Please see attachment.
Filed on behalf by:
Name VALERIE AMANTE
Designation VICE-PRESIDENT