C00908-2024

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)
Feb 22, 2024
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
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 GROUP LISTS P2Bn PREFERRED SHARES
Adheres to prudent financial stewardship and targets sustained growth
Background/Description of the Disclosure

February 22, 2024 - Property developer Century Properties Group, Inc. (CPG:PM) completed its Php2 billion perpetual, cumulative, non-participating, non-voting, redeemable, non-convertible Series B Preferred Shares (“CPGPB”) follow-on offering with the bell-ringing at the Philippine Stock Exchange (PSE) today.

“We are very pleased with the investors' reception of our issuance which allowed us to price at the tighter end of the marketing spread and set the dividend rate at 7.5432%," said Ponciano S. Carreon, Jr, CPG Chief Finance Officer. "The timing for CPGPB issuance was also good as the benchmark interest rates have started to move lower with the easing of inflationary pressures,” he added.
China Bank Capital Corporation acted as the sole issue manager, lead underwriter, and bookrunner for the transaction.
“On behalf of CPG, we are grateful to our institutional and retail investors, transaction partners, dedicated working group, and stakeholders for their unwavering trust. The success of this undertaking is a testament to our combined efforts and their enduring support and confidence in CPG's growth,” said CPG President and CEO Marco R. Antonio. “The proceeds of this fundraising will help the company to fortify its commitment to prudent financial management and facilitate sustained expansion efforts,” he added.
Last month, CPG announced two projects for the first half of 2024 under its Premium In City Line: "The Hotel Residences at Acqua" in Mandaluyong City, offering move-in ready suites, and a mid-rise residential development at Azure North in San Fernando, Pampanga, with the first tower offering 375 units. The development will offer multi-feature water-park amenities, giving a unique and appealing dimension to resort living.

CPG has successfully diversified into the First-Home market to serve the unmet housing demand and further strengthen its position in key destinations within the country.

PHirst, now fully owned by CPG, is expanding geographically to achieve a nationwide presence with sustainable product delivery. Recently, PHirst successfully launched PHirst Park Homes Bacolod, fueling its expansion in the Visayas region. With plans to open at least 6 new subdivisions this year, PHirst aims to close 2024 with 26 active First-Home developments.
Other Relevant Information

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