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)
Jul 24, 2017
2. SEC Identification Number
34218
3. BIR Tax Identification No.
000-153-610-000
4. Exact name of issuer as specified in its charter
AYALA CORPORATION
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
32F TO 35F, TOWER ONE AND EXCHANGE PLAZA, AYALA TRIANGLE, AYALA AVENUE, MAKATI CITYPostal Code1226
8. Issuer's telephone number, including area code
(02) 908-3000
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 SHARES
621,224,987
PREFERRED B SERIES 1 SHARES
20,000,000
PREFERRED B SERIES 2 SHARES
27,000,000
VOTING PREFERRED SHARES
200,000,000
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.
Ayala CorporationAC
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
AC Energy Consortium transfers interest in Philippine BidCo to AllFirst Equity Holdings, Inc.
Background/Description of the Disclosure
Please be informed that AC Energy Holdings Inc. (“AC Energy”), a wholly-owned subsidiary of Ayala Corporation, together with Star Energy Geothermal Holdings Pte. Ltd., entered into definitive agreements for the transfer of 99% of their consortium interests in ACEHI-STAR Holdings, Inc. (“ACEHI-STAR”) to AllFirst Equity Holdings, Inc. (“AllFirst”).
ACEHI-STAR is the special purpose company that signed a share sale and purchase agreement with Chevron in December 2016, to acquire Chevron’s Philippine geothermal assets subject to the satisfaction of certain conditions precedent, including the approval of the Philippine Competition Commission.
AllFirst is Chevron’s current partner, and directly holds a 60-percent ownership interest, in Philippine Geothermal Production Company (PGPC).
Credit Suisse acted as the Sole Financial Advisor to the Consortium of AC Energy and Star Energy Holdings.