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)
Oct 10, 2023
2. SEC Identification Number
PW0000727
3. BIR Tax Identification No.
000229931
4. Exact name of issuer as specified in its charter
CENTRAL AZUCARERA DE TARLAC, INC.
5. Province, country or other jurisdiction of incorporation
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
San Miguel, Tarlac CityPostal Code2301
8. Issuer's telephone number, including area code
(632) 8818.62.70
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
238,496,840
11. Indicate the item numbers reported herein
Item 2. Acquisition or Disposition of Assets
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.
Central Azucarera de Tarlac, Inc.CAT
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
The Board of Directors of Central Azucarera de Tarlac, Inc. approved the proposed sale of a 200-hectare property by its wholly-owned subsidiary Luisita Land Corporation.
Background/Description of the Disclosure
On 10 October 2023 the Board of Directors of Central Azucarera de Tarlac, Inc. approved the proposed sale of a 200-hectare property by its wholly-owned subsidiary Luisita Land Corporation.
Luisita Land Corporation is a wholly-owned subsidiary of Central Azucarera de Tarlac Inc. It was incorporated and registered with the Securities and Exchange Commission (SEC) on May 11, 1977, primarily for developing, leasing, and selling real properties.
Luisita Land Corporation is selling, subject to closing conditions, a 200-hectare property situated in Tarlac City to Lima Land Inc. The transaction requires the consent/approval of Central Azucarera de Tarlac Inc. which owns a controlling interest and more than two-thirds of the outstanding capital stock of Luisita Land Corporation. Central Azucarera de Tarlac Inc. is also the largest creditor of Luisita Land Corporation. The sale is still subject to certain closing conditions which have yet to be fulfilled/satisfied. Moreover, the parties are still discussing and finalizing some proposed transaction terms.
Other Relevant Information
A timely and appropriate disclosure will be made in the event that the closing conditions are satisfactorily fulfilled/satisfied, and definitive agreement/s are concluded.
Filed on behalf by:
Name
Addison Castro
Designation
Assistant Corporate Secretary and Compliance Officer