C07041-2023

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)
Sep 21, 2023
2. SEC Identification Number
C199800134
3. BIR Tax Identification No.
200-652-460-000
4. Exact name of issuer as specified in its charter
ABOITIZ POWER CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
32nd Street, Bonifacio Global City, Taguig City, Metro Manila, Philippines Postal Code 1634
8. Issuer's telephone number, including area code
(02) 8886-2800
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 Stock P1 Par Value 7,321,094,207
Amount of Debt Outstanding (As of June 30, 2023) 247,619,598,000
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.

Aboitiz Power CorporationAP

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 to the September 19, 2023 Bilyonaryo.com Article
Source Bilyonaryo.com
Subject of News Report Aboitiz Power on the verge of exiting PSE Index as company, Danel Aboitiz buy back P123 million shares
Date of Publication Sep 19, 2023
Clarification of News Report

This refers to the letter received from the Philippine Dealing & Exchange Corp. requesting us to confirm the veracity of the information contained in the Bilyonaryo.com article dated September 19, 2023 entitled “Aboitiz Power on the verge of exiting PSE Index as company, Danel Aboitiz buy back P123 million shares”, the relevant portion of which is quoted hereunder:

“The Aboitiz family’s energy company teeters on the brink of being removed from the Philippine Stock Exchange Index.

On September 15 and 18, Aboitiz Power and its director Danel Aboitiz, bought a combined 3.87 million shares, a move that experts believe has brought the company’s public float perilously close to the 20 percent threshold required to maintain its position within the Philippine Stock Exchange Index.

Analysts had earlier projected that a buyback of only 3.28 million shares would reduce AP’s free float below 20 percent, down from 20.05 percent as of June 30.

AP, acting under the authority of its recently approved shares buyback program sanctioned on August 29, procured a total of 2.5 million shares on September 15 and 18. Danel Aboitiz also revealed his acquisition of 1.37 million AP shares on September 15.

xxx xxx xxx”

We confirm the statements in the article pertaining to the existence of the share buy-back program and that purchases have been made by Aboitiz Power Corporation (AboitizPower or the “Company”) and Mr. Danel Aboitiz. For clarity, below is a summary of the recent buy-back transactions of the Company and personal transactions of Mr. Aboitiz on September 15 to 20, 2023:

Date of Transaction Transaction Type Number of Shares
September 15, 2023 Share Buy-Back 1,557,500
September 15, 2023 Acquisition of Shares of Mr. Danel Aboitiz 1,370,000
September 18, 2023 Share Buy-Back 950,000
September 19, 2023 Share Buy-Back 8,900,000
September 20, 2023 Share Buy-Back 26,102,600

We will make the required disclosures to the public as and when there are material concrete developments to the Company’s shareholdings.
Other Relevant Information

Please see attached Aboitiz Power Corporation's response to Philippine Dealing & Exchange Corp.'s letter requesting to clarify the information stated in the September 19, 2023 Bilyonaryo.com article entitled “Aboitiz Power on the verge of exiting PSE Index as company, Danel Aboitiz buy back P123 million shares."
Filed on behalf by:
Name Ma. Clarisse Osteria
Designation Asst. Corporate Secretary