C03833-2023

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)
May 12, 2023
2. SEC Identification Number
60566
3. BIR Tax Identification No.
004-504-281-000
4. Exact name of issuer as specified in its charter
CENTURY PROPERTIES GROUP INC.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
35th Floor Century Diamond Tower, Century City, Kalayaan Avenue, Makati City Postal Code 1200
8. Issuer's telephone number, including area code
632-7-7938905
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 11,599,600,690
Preferred 30,000,000
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.

Century Properties Group, Inc.CPG

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

Results of the Special Board Meeting held on May 12, 2023
Background/Description of the Disclosure

CPGI would like to inform the Honorable Exchange that the Company, during its Special Board Meeting held today, May 12, 2023, the Board of Directors of the Company approved the redemption of the Cumulative, Non-Voting, Non-Convertible, Non-Participating, Redeemable Peso-denominated Preferred Shares (“Preferred Shares” or “CPGP”) issued by the Company and listed on the Philippine Stock Exchange (“PSE”) on January 10, 2020.

In accordance with the terms and conditions of the issuance of the Preferred Shares, as provided in the Prospectus dated December 12, 2019 (the “Prospectus”):

The Company may redeem the Offer Shares in whole (and not in part) on the sixth (6th) month of the third (3rd) anniversary of the Issue Date or on any Dividend Payment Date thereafter (each an “Optional Redemption Date”), after giving each of the Registrar and Paying Agent prior written notice of not less than 30 days nor more than 60 days from the intended date of redemption, which notice shall be irrevocable and binding upon the Company to effect such optional redemption

The redemption price for the Preferred Shares shall be at Php100.00 per share, pursuant to the terms set out in the Prospectus, and shall be paid in check on July 10, 2023, the redemption date, to the relevant shareholders of record as of July 5, 2023. The redeemed shares will be recorded as treasury stock of the Company and shall be retired.


To summarize, the following are the key dates in respect of the redemption of the Preferred Shares:

Ex-Date June 30, 2023
Record Date July 5, 2023
Payment Date July 10, 2023
Release of check payments starting July 10, 2023

The Company shall issue a Notice of Redemption (through Stock Transfer Services, Inc. and the PCD Nominee Corporation) for guidance of the holders of the Preferred Shares, with respect to the procedure and documentary requirements for the redemption.
Other Relevant Information

Please find attached Report
Filed on behalf by:
Name Isabelita Sales
Designation Head of Legal Services and Corporate Affairs, Chief Information and Chief Compliance Officer