C04768-2017

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)
Aug 1, 2017
2. SEC Identification Number
CEO2536
3. BIR Tax Identification No.
003-828-269-V
4. Exact name of issuer as specified in its charter
ABOITIZ EQUITY VENTURES, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
32nd Street, Bonifacio Global City, Taguig City, Metro Manila, Philippines Postal Code 1634
8. Issuer's telephone number, including area code
(02) 886-2800
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 5,633,792,557
Amount of Debt Outstanding (March 31, 2017) 259,135,524,000.00
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.

Aboitiz Equity Ventures, Inc.AEV

PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Acquisition of Additional 15% interest in Pilmico Vietnam Feeds Joint Stock Company (formerly Pilmico VHF Joint Stock Company, hereafter “Pilmico Vietnam”)

Background/Description of the Disclosure

On July 31, 2014, Aboitiz Equity Ventures, Inc. (“AEV”) previously disclosed the acquisition by Pilmico International Pte. Ltd. (“Pilmico International”) of 70% equity interest in Pilmico Vietnam.

The purchase of the additional 15% equity interest in Pilmico Vietnam is a requirement under the Share and Purchase Agreement dated May 29, 2014 (SSPA). After the transaction, Pilmico International will own 85% of the total outstanding shares of Pilmico Vietnam.

Pilmico International is a wholly owned subsidiary of AEV organized under the laws of Singapore.

Date of Approval by
Board of Directors
May 19, 2017
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

The acquisition is aligned with AEV’s strategy of expanding its core feeds business in Vietnam via the aqua feeds segment.

Details of the acquisition or disposition
Date Aug 1, 2017
Manner

The acquisition of additional 15% of the total outstanding shares of Pilmico Vietnam will be paid in cash.

Description of the company to be acquired or sold

Pilmico Vietnam is one of the largest aqua feed producers in Vietnam.

The terms and conditions of the transaction
Number of shares to be acquired or disposed 4,500,000
Percentage to the total outstanding shares of the company subject of the transaction 15
Price per share USD 0.9416 per share
Nature and amount of consideration given or received

Cash/USD4,237,073.00

Principle followed in determining the amount of consideration

Cash-free, debt-free valuation

Terms of payment

One-time payment

Conditions precedent to closing of the transaction, if any

None

Any other salient terms

None

Identity of the person(s) from whom the shares were acquired or to whom they were sold
Name Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Mr. Vu Thanh Hai and Ms. Lam Mau Diep None
Effect(s) on the business, financial condition and operations of the Issuer, if any

The acquisition is aligned with AEV’s strategy of expanding its core feeds business and expanding into the Vietnamese market.

Other Relevant Information

Pilmico International is required to purchase the remaining 15% equity interest of Mr. Vu Thanh Hai and Ms. Lam Mau Diep in Pilmico Vietnam by July 31, 2019.

Filed on behalf by:
Name Sammy Dave Santos
Designation Associate General Counsel