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)
Mar 18, 2024
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, PhilippinesPostal Code1634
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
7,205,854,307
Amount of Debt Outstanding (As of Dec. 31, 2023)
237,145,075,000.00
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 March 17, 2024 Bilyonaryo.com Article
Source
Bilyonaryo.com
Subject of News Report
Bullish under Bongbong: Aboitiz conglomerate pours P153 billion into renewables, high-growth sectors
Date of Publication
Mar 17, 2024
Clarification of News Report
Gentlemen:
This refers to your letter requesting us to confirm the veracity of the information contained in Bilyonaryo.com article dated March 17, 2024 entitled “Bullish under Bongbong: Aboitiz conglomerate pours P153 billion into renewables, high-growth sectors” the relevant portion of which is quoted hereunder:
“The Aboitiz family’s flagship company, Aboitiz Equity Ventures (AEV) is making a big bet on the future.
Led by bilyonayo Sabin Aboitiz, AEV is more than doubling its capital spending in 2024 to P153 billion from P65 billion a year earlier, with a focus on clean energy and high-growth sectors.
The move underscores AEV’s commitment to accelerating its expansion in the renewable energy sector, a key growth area in the Philippines, and seizing opportunities in other high-potential industries.
‘This significant increase in capital spending reflects our confidence in the Philippine economy and our commitment to capturing growth opportunities,’ said a company official.
Majority of the programmed budget for this year or P73 billion will be allocated to Aboitiz Power Corporation, the listed power arm of AEV, to bolster its clean energy portfolio. The Philippines aims to increase the share of renewables in its energy mix to 50% by 2040, from around 30% currently.
. . . .”
We confirm that Aboitiz Power Corporation (the “Company”), together with its partners, has allotted ₱73 billion for capital expenditures in 2024. This was disclosed in the Company’s 2023 Preliminary Information Statement (SEC Form 20-IS) file on March 11, 2024.
We note that the request for clarification and confirmation pertains to a statement on the allocation by Aboitiz Equity Ventures (AEV) of such amount in favor of the Company. Since the allocation is to be made by AEV, we believe that AEV would be in the best position to confirm the veracity of the full statement.
We trust that you find the foregoing clarification in order.
Very truly yours,
ABOITIZ POWER CORPORATION By:
(SGD.) MA. CLARISSE S. OSTERIA Assistant Corporate Secretary
Cc:
PHILIPPINE DEALING & EXCHANGE CORP. Market Regulatory Services Group 29th Floor BDO Equitable Tower 8751 Paseo de Roxas, Makati City 1226
Aboitiz Power CorporationAP