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
8,546,450,000
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.
Sta. Lucia Land, Inc.SLI
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 Reports appearing in BusinessWorld Online on 15 February 2015.
Source
www.bworldonline.com
Subject of News Report
Sta. Lucia Land keen to launch equity offering this quarter
Date of Publication
Feb 15, 2015
Clarification of News Report
We refer to your correspondence dated 16 February 2015 requiring Sta. Lucia Land, Inc. (the “Corporation”) to clarify and confirm a news article entitled “Sta. Lucia Land keen to launch equity offering this quarter” posted in BusinessWorld Online on 15 February 2015. Part of the said news article reads as follows:
“In a phone interview last week, Sta. Lucia Chief Financial Officer David M. Dela Cruz said the real estate developer tapped Maybank ATR Kim Eng Capital Partners, Inc. as the issue manager for the sale of roughly 2.2 billion common shares.
The shares will be sold mainly to local investors, Mr. Dela Cruz said.
Sta. Lucia shares added four centavos or 4.65% on Friday to end the week at P0.90 each. While the company has yet to price the shares, it could raise P1.98 billion from the share sale based on Friday’s closing price.
“We really need to expand our asset base because of competition,” Mr. Dela Cruz said.
The property developer has been deferring the fund-raising exercise since 2011 amid volatility in the global financial markets.
The fund-raiser, targeted within the first quarter, will finance “selective land banking, acceleration of projects and working capital,” Mr. Dela Cruz said, adding that it may also fund the construction of the company’s own brand of community malls in Davao and Iloilo.
SLI is on the lookout for retail partners to lease out 28 hectares of commercial areas within its subdivision projects nationwide to serve the needs of their residents, Mr. Dela Cruz said.”
The Corporation would like to confirm the above quoted portion of the news article particularly with regard the contemplated sale of 2.2 billion common shares, which is consistent with the disclosure of the Corporation on 09 July 2014.
The Corporation would like to clarify, however, the following statement in the said news article:
“It has 2,000 hectares of developed projects in 10 regions in the country.”
The more accurate statement should be that the Corporation plans to develop additional 2,000 hectares of properties in the country.