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 31, 2023
2. SEC Identification Number
9170
3. BIR Tax Identification No.
000-400-016-000
4. Exact name of issuer as specified in its charter
UNIVERSAL ROBINA CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8th Floor, Tera Tower, Bridgetowne, E. Rodriguez, Jr. Avenue (C5Road), Ugong Norte, Quezon City, Metro ManilaPostal Code1110
8. Issuer's telephone number, including area code
(632) 8633-7631 to 40
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
2,178,507,618
11. Indicate the item numbers reported herein
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.
Universal Robina CorporationURC
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 Report
Source
Manila Bulletin (Online Edition)
Subject of News Report
URC buys CADP's idle sugar milling assets
Date of Publication
May 30, 2023
Clarification of News Report
This refers to the request of the Exchange to clarify the news article entitled “URC buys CADP's idle sugar milling assets” posted in Manila Bulletin (Online Edition) on May 30, 2023, which reported in part that:
“Universal Robina Corporation (URC), the food and beverage unit of the Gokongwei Group, is acquiring the idle sugar milling machinery and equipment of Central Azucarera Don Pedro Inc. (CADPI) for an undisclosed amount.
In a statement, URC said these assets will be used to expand the capacity and improve the sugar recovery process at its sugar mill in Balayan, Batangas.
URC noted that it is seeking to accommodate more sugarcane farmers at its Balayan mill to help secure a source of livelihood for them. It added that, raising the mill’s capacity will also ensure ample sugar supply for consumers.
The new machinery and equipment from CADPI, a subsidiary of listed firm Roxas Holdings Inc., that has permanently shut down its milling operations, will bring up the Balayan mill’s capacity from about 5,000 tons to 8,000 tons a day.
. . . .”
URC confirms the above quoted news article. The idle assets to be purchased are valued at Php897.31M based on Roxas Holdings, Inc.'s latest consolidated quarterly report as of March 31, 2023, and is not considered a material transaction for URC. With this acquisition, the corporation plans to expand URC-Balayan's sugar milling capacity and help displaced farmers.