C07602-2017

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)
Dec 18, 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 (September 30, 2017) 272,128,645,062.00
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 4-13 - 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 to the December 18, 2017 BusinessWorld Online News Article

Source BusinessWorld Online
Subject of News Report “Aboitiz Equity to set aside up to P50-B capex”
Date of Publication Dec 18, 2017
Clarification of News Report

Dear Ms. Salonga:

This refers to the letter from the Philippine Dealing & Exchange Corp. (PDEx) requesting Aboitiz Equity Ventures, Inc. (AEV) to confirm the veracity of the information contained in BusinessWorld Online news article dated December 18, 2017 entitled “Aboitiz Equity to set aside up to P50-B capex” a portion of which are quoted hereunder:

…………………..

“ABOITIZ EQUITY Ventures, Inc. (AEV) may set aside between P40 to P50 billion in capital expenditures for 2018, with its power unit cornering the bulk of the spending as it completes several power projects next year.

“Probably P40 to P50 billion, overall. Not just power. Power will still be the main,” AEV Chief Finance Officer Manuel R. Lozano told reporters in a press chat in Taguig City last week.
Next year’s spending plan is significantly lower than the P77-billion capex for 2017.

xxx”
…………………..
We confirm the statements made by Mr. Manuel R. Lozano, AEV’s Senior Vice President and Chief Finance Officer/Corporate Information Officer.

We trust the foregoing is to your satisfaction.

Very truly yours,

ABOITIZ EQUITY VENTURES, INC.
By:


(SGD.)
MAILENE M. DE LA TORRE
Assistant Corporate Secretary

Cc:

MR. JOSE VALERIANO B. ZUÑO
OIC – Head, Disclosure Department
Philippine Stock Exchange, Inc.
3rd Floor, Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue
Makati City

Other Relevant Information

This is in response to the request for clarification by PDEx dated December 18, 2017. Please see attached.

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