C00980-2024

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 26, 2024
2. SEC Identification Number
1803
3. BIR Tax Identification No.
00406761000
4. Exact name of issuer as specified in its charter
ab
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 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 OF NEWS REPORT

Source The Philippine Star (Online Edition) philSTAR.com
Subject of News Report "Sky-high debt a major factor in aborted cable TV merger"
Date of Publication Feb 26, 2024
Clarification of News Report

We write in reply to the Exchange’s request for clarification to the news article entitled “Sky-high debt a major factor in aborted cable TV merger” posted in posted in The Philippine Star (Online Edition), it was reported in part that:

“MANILA, Philippines — It was a ‘til debt do us part’ of sorts that caused the collapse of talks between telco giant PLDT Inc. and Sky Cable Corp.’s parent firm ABS-CBN, industry sources said.

Pangilinan-led PLDT was supposed to acquire the Lopezes’ Sky Cable in a P6.75-billion package but talks fell through as announced by both groups last week.

. . . .

With the latest development, the Lopezes are looking at Converge founder and CEO Dennis Uy as a possible white knight.

Both parties have started exploratory talks.

What could happen, industry sources said, is a possible sharing of infrastructure and technology between Sky Cable and Converge although nothing is final yet.

Converge could then get a share in revenue from Sky Cable’s business if they reach an agreement, which could then lead to a bigger deal in the future, sources also said.
. . . .”

Sky Cable fully disclosed all financial information related to the deal over the due diligence review, but the parties were unable to agree on the commercial terms. The Company will always explore opportunities to serve our subscribers, employees, and stakeholders. We shall comply with disclosure requirements if any definitive decisions are made on any of those opportunities.

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