C00442-2024

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)
Jan 26, 2024
2. SEC Identification Number
1803
3. BIR Tax Identification No.
00406761000
4. Exact name of issuer as specified in its charter
ABS-CBN CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
ABS-CBN Broadcasting Center, Sgt. Esguerra Ave. cor. Mother Ignacia Street Quezon City Postal Code 1103
8. Issuer's telephone number, including area code
+63234152272
9. Former name or former address, if changed since last report
Not Applicable
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 Shares 899,848,111
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.

ABS-CBN CorporationABS

PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure

Update on Sale by ABS-CBN Corporation of its interest in Sky Cable Corporation

Background/Description of the Disclosure

Further to our disclosure dated January 22, 2024, on the sale of Sky Cable’s (“Sky) broadband business and related assets to PLDT via the sale of 100% of Sky’s total issued and outstanding capital stock (the “Proposed Transaction”), Sky will now begin its transition into a dedicated internet service provider. Sky started informing its cable TV subscribers that its cable TV operations, subject to other conditions, will have their final broadcast and sign-off on February 26, 2024, at 11:59 pm and shall be discontinued effective February 27, 2024. This information has been made available through Sky’s website starting on January 27, 2024, and has offered other platforms to provide further information on how this new development will affect their service.

Sky received from the National Telecommunications Communications (the “NTC”) various Certificates of Registration (the “COR”) as a value-added service provider to offer Internet Access, services across the Philippines to allow it to be a dedicated and independent internet service provider.

The Proposed Transaction is, however, still subject to a number of closing conditions. ABS-CBN will disclose material information to update the disclosure made to the exchange on March 16, 2023, once they become available.

Other Relevant Information

N/A

Filed on behalf by:
Name Paul Michael Villanueva Jr.
Designation Chief Risk Management Officer, Chief Compliance Officer & Head, ABS-CBN Shared Service Center