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
13,277,470,000
Preferred
3,780
11. Indicate the item numbers reported herein
Item No. 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.
DMCI Holdings, Inc.DMC
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 Report: “DMCI beefs up capital outlay in 2017 to P28B”
Source
Inquirer.net
Subject of News Report
DMCI beefs up capital outlay in 2017 to P28B
Date of Publication
May 17, 2017
Clarification of News Report
DISCLOSURE DEPARTMENT The Philippine Stock Exchange 3/F Tower One and Exchange Plaza Ayala Triangle, Ayala Avenue Makati City
Attention: JOSE VALERIANO B. ZUÑO III OIC - Head, Disclosure Department
Gentlemen:
We reply to your request for comments/clarifications on the news entitled “DMCI beefs up capital outlay in 2017 to P28B” posted in Inquirer.net on May 17, 2017. The article reported in part that:
“Consunji-led DMCI Holdings Inc. has earmarked P28 billion for group-wide capital spending this year, as the group seeks to grow its coal mining, power, property, power and nickel mining businesses.
This amount is much higher than last year’s capital outlay of P16.5 billion, DMCI Holdings chief finance officer Herbert Consunji said in a press briefing after the company’s stockholders’ meeting.
The capital spending budget for this year excludes the P14-billion capital spending by Maynilad Water Services Inc., where the group has a 27.19- percent interest.
Maynilad’s budget this year is higher than the P10 billion spent last year.
. . . .
Of group-wide capital spending, Semirara Mining and Power Corp. will have an allotment of P14.5 billion. Semirara is steadily increasing its capacity to a maximum of 16 million metric tons to take advantage of favorable coal prices and local market demand.
. . . .
For property arm DMCI Homes, the capital spending budget is P11.6 billion.
. . . .
Off-grid power producer DMCI Power has a capital spending budget of P1 billion this year while construction arm DM Consunji Inc. and nickel miner DMCI Mining has earmarked P900 million and P800 million, respectively.
. . . .”
We would like to confirm that the planned capex spending of DMCI group for this year is P28 billlion.
Further to this, we wish to clarify the following: 1. The P14.5 billion capex budget allotted for 2017 by SMPC represents consolidated Capex budget. The coal segment allotted around P7 billion, inclusive of capital expenditures for the target increase in coal mining capacity. The balance of P7.5 billion is for the power segment’s capex requirement for 2017 covering normal maintenance capex and equipment enhancements for the Calaca power units under Sem Calaca Power Corporation and Southwest Luzon Power Generation Corporation, the wholly-owned operating power subsidiaries of SMPC. 2. DMCI Mining earmarked P8 million instead of the P800 million capex budget reported.
DMCI Holdings, Inc.DMC