C00109-2017

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)
Jan 10, 2017
2. SEC Identification Number
PW-94
3. BIR Tax Identification No.
000-707-922
4. Exact name of issuer as specified in its charter
PAL Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8/F PNB Financial Center, Pres. Diosdado Macapagal Ave., CCP Complex, Pasay City, Philippines Postal Code 1008
8. Issuer's telephone number, including area code
(02) 816-3451
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 24,836,512,096
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.

PAL Holdings, Inc.PAL

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Material Information/Transactions

Background/Description of the Disclosure

Gentlemen:

Further to the Disclosure made on September 26, 2016, please be advised, that we received confirmation that the share swap between PAL Holdings, Inc. (PHI) and Philippine Airlines, Inc. (PAL) is exempt from the requirement of registration under Section 8 rule 8.1 of the Securities Regulation Code (SRC).


Should you have any further questions please do not hesitate to let us know.

Other Relevant Information

N/A

Filed on behalf by:
Name Ma. Cecilia Pesayco
Designation Corporate Secretary