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)
Aug 9, 2016
2. SEC Identification Number
AS094-000088
3. BIR Tax Identification No.
003-058-789
4. Exact name of issuer as specified in its charter
SM PRIME HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor Mall of Asia Arena Annex Building, Coral Way cor. J.W. Diokno Blvd., Mall of Asia Complex, Brgy. 76, Zone 10, CBP-1A, Pasay City, PhilippinesPostal Code1300
8. Issuer's telephone number, including area code
(632) 831-1000
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
28,879,231,694
11. Indicate the item numbers reported herein
ITEM # 9, LETTER B
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.
SM Prime Holdings, Inc.SMPH
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
News Clarification: SM Prime plans to raise US$1B via REIT
Source
Interaksyon online
Subject of News Report
SM Prime plans to raise US$1B via REIT
Date of Publication
Aug 9, 2016
Clarification of News Report
August 9, 2016
The Philippine Stock Exchange, Inc. 3F Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue Makati City
Attention of Mr. Jose Valeriano B. Zuño III Head - Disclosure Department
Gentlemen:
This refers to the news article entitled “SM Prime plans to raise US$1B via REIT” published in today’s issue of Interaksyon online. The article reported in part that:
“MANILA - Property conglomerate SM Prime Holdings Inc. plans to raise as much as US$1 billion through the real estate investment trust (REIT) offer, part of which may be used to finance its reclamation projects in the cities of Pasay and Paranaque.
“That will be dependent on the market. I think given the size of SM Prime now and the number of malls, i think it's easy to raise US$500 million to US$1 billion through the REIT,” Jeffrey Lim, SM Prime’s incoming president, said in an interview.
Lim stressed that the amount of funds to be raised depends on how the REIT will be structured.
He said the new administration has indicated its willingness to review the implementing rules and regulations (IRR) of the REIT.
xxx
Lim said the conglomerate is considering the REIT market among its avenues to raise funds for its 600-hectare reclamation projects in the cities of Pasay and Paranaque.
“But it (REIT) is not going to be tied in to like the requirements of reclamation because even without the REIT, we can fund the reclamation (projects),” he added. xxx”
We confirm the veracity of the above-quoted news article.