C08191-2021

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)
Nov 30, 2021
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
Metro Manila
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
(632)34152272
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 854,164,968
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 4-11 - Change in Number of Issued and Outstanding Shares References: Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Change in Number of Issued and/or Outstanding Shares

Background/Description of the Disclosure

Please be advised, that as of date, the Company updated the subscription by participants of the ABS-CBN Employee Stock Purchase Plan (“ASPP”) and the Executive Stock Purchase Plan (“ESPP”) to a total of 3,365,177 common shares in ABS-CBN Corporation.

The total issued shares as of date is 875,487,529. The total outstanding shares as of date is 854,164,968.

The number of subscriptions decreased by 25,500 (from 3,390,677 to 3,365,177) common shares due to various withdrawals of the participants up to November 30, 2021, the monthly report of which is provided to the Philippine Stock Exchange. The total withdrawn shares up to November 30, 2021 is 8,026,323 common shares which reverted to the Company as part of its unissued common shares.

Under Sections 12 and 13 of the ASPP, a participant forfeits any rights or interest relating to the plan except for the right to receive a full refund for all purchase payments made: when a participant voluntarily withdraws from the plan for any reason; when the participant’s employment terminates or ceases as a result of resignation or voluntary separation from employment; when the participant’s service agreement ends; or when the participant involuntarily withdraws from the plan with fault on the part of such participant (e.g., termination for just case or termination due to breach of service agreement). The said shares shall revert to the Company.

Under Section 13 and 14 of the ASPP, in addition to the option to withdraw from the plan, the option to purchase shares equivalent to the paid portion is also available: when the participant involuntarily withdraws from the plan without fault on the part of such participant (e.g., closure of establishment and reduction of employees, separation due to disease or permanent disability, or retirement) or in case of the death of a participant. The shares corresponding to the unpaid portion shall revert to the Company.

The ESPP has the same forfeiture and option features for its participants.

Change(s) in Number of Issued and Outstanding Shares

Issued Shares
Type of Security /Stock Symbol Before After
ABS 875,513,029 875,487,529
Outstanding Shares
Type of Security /Stock Symbol Before After
ABS 854,190,468 854,164,968
Other Changes, if any
In percent Before After
Public float 42.8 42.8
Foreign Ownership level 0 0
Filed on behalf by:
Name Raymund Martin Miranda
Designation Chief Strategy Officer & Chief Risk Management Officer