C05319-2023

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)
Jul 10, 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 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

CENTURY PROPERTIES FULLY REDEEMS P3 BILLION PREFERRED SHARES
Background/Description of the Disclosure

Century Properties Group, Inc. (“CPG”) fully redeemed on July 10, 2023 its P3 billion 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.
The Company’s Board of Directors approved the optional redemption of CPGP in its special board meeting last May 12, 2023. The Preferred Shares were redeemed at its redemption price of One Hundred Pesos (Php100.00) per share, pursuant to the terms set out in the Prospectus dated December 12, 2019.

“The full redemption of the Preferred Shares is part of our strategic program that is anchored on prudent financial management and debt reduction with the goal of strengthening our balance sheet to support our growth expansion,” said Ponciano S. Carreon, Jr., CPG’s Chief Finance Officer. We continue to see an active and liquid domestic capital markets and we intend to tap the same if needed for our capital funding purposes, Carreon added.”

CPG’s outstanding total debt as of the end of December 2022 was down to P17.3 billion, from P18.4 billion the previous year due to repayment of P1.1 billion short-term and long-term debt.

In April 2022, CPG also redeemed its P3 billion fixed-rate retail bonds.#
Any forward-looking statements contained in the press release are based upon what management of the Company believes are reasonable assumptions. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes to update such forward-looking statements if circumstances or management’s estimates or opinions should change.
Other Relevant Information

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