C02545-2021

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)
Apr 20, 2021
2. SEC Identification Number
AS094-000088
3. BIR Tax Identification No.
003-058-789
4. Exact name of issuer as specified in its charter
SM PRIME HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor Mall of Asia Arena Annex Building, Coral Way cor. J.W. Diokno Blvd., Mall of Asia Complex, Brgy. 76, Zone 10, CBP-1A, Pasay City, Philippines Postal Code 1300
8. Issuer's telephone number, including area code
(632) 8831-1000
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 28,879,231,694
11. Indicate the item numbers reported herein
ITEM # 9, LETTER B.

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.

SM Prime Holdings, Inc.SMPH

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

PRESS RELEASE
SM Prime Announces Three New Independent Directors
Background/Description of the Disclosure

(20 April 2021, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, announces its three new Board of Directors for the year 2021-2022.

In the Company’s Annual Stockholder’s Meeting, which was held virtually, SM Prime named Mr. Amando M. Tetangco, Jr., Ms. Darlene Marie B. Berberabe, and Mr. J. Carlos G. Cruz as newly-elected Independent Directors taking over the positions of the three outgoing Independent Directors, Mr. Jose L. Cuisia, Jr., Mr. Gregorio U. Kilayko and Mr. Joselito H. Sibayan.

In a joint statement from the Chairman of the Board Mr. Henry T. Sy, Jr. and President Jeffrey C. Lim, SM Prime congratulates and welcomes the newly-elected members of the Board, in anticipation of their positive contributions in ensuring sustainable growth of the Company. Likewise, SM Prime’s Management look forward to the guidance coming from the excellent mix of experiences and competencies the new set of independent directors bring with them.

Mr. Sy, Jr. and Mr. Lim also thank the three outgoing Independent Directors - Mr. Jose L. Cuisia, Jr., Mr. Gregorio U. Kilayko and Mr. Joselito H. Sibayan – for their unwavering guidance and wisdom through these past remarkable years of SM Prime that led to the Company being one of the leading integrated property developers in Southeast Asia.

Mr. Tetangco, Jr., has been appointed as SM Prime’s new Vice-Chairman and Lead Independent Director of the Board. He is currently the Independent Director of Belle Corporation. He was the third Governor of the Bangko Sentral ng Pilipinas (BSP) and served the BSP for two consecutive 6-year terms from July 2005 to July 2017. Mr. Tetangco graduated from Ateneo de Manila University with an AB Economics degree (Cum Laude), where he also took up graduate courses in Business Administration. As a BSP scholar, he obtained his MA in Public Policy and Administration (Development Economics) in 1978 at the University of Wisconsin-Madison, in Wisconsin, USA.

Ms. Berberabe, who was appointed by the President of the Republic of the Philippines as the CEO of Pag-IBIG Fund in 2010, currently holds directorates in Palm Concepcion Power Corporation, PA Alvarez, Katapult Digital Corp and is also a member of the the Board of Trustees of Philippine Heart Association and UP Law Alumni Foundation. She is a recipient of numerous awards and accolades including Outstanding CEO in Asia by the ADFIAP, one of the Ten Outstanding Women in Nation Service in 2013, and one of the 100 Most Influential Filipino Women in 2014. She is a senior lecturer at the University of the Philippines (UP) College of Law where she graduated salutatorian of her class in 1999.

Mr. Cruz is currently an independent director of Transnational Diversified Group, Inc., Federal Land, Inc. and Solar Philippines Power Project Holdings, Inc. Mr. Cruz graduated from the University of Santo Tomas with a Bachelor of Science in Commerce degree and completed the Advanced Management Program of the Harvard Business School in 2007. He has been conferred with numerous awards, the latest of which is the “Parangal San Mateo” from the Philippine Institute of Certified Public Accountants. This award is the highest honor given to a CPA in honor of his significant contributions to the accountancy profession.

Mr. Tetangco, Jr., Ms. Berberabe, Mr. Cruz will serve in the Board of SM Prime Holdings, Inc.’s along with its Chairman Mr. Henry T. Sy, Jr., Director and Chairman of the Executive Committee Mr. Hans T. Sy, Director Mr. Herbert T. Sy, Director Mr. Jorge T. Mendiola, and Executive Director and President Mr. Jeffrey C. Lim.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.


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Other Relevant Information

For further information, please contact:
Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: [email protected]
Tel. no.: +632 8862 7940
Filed on behalf by:
Name Alexander Pomento
Designation Vice President