C06422-2021

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)
Sep 22, 2021
2. SEC Identification Number
77487
3. BIR Tax Identification No.
000-388-771
4. Exact name of issuer as specified in its charter
JOLLIBEE FOODS CORPORATION doing business under the name and style of Jollibee
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10/F JOLLIBEE PLAZA BUILDING, 10 F. ORTIGAS JR. AVENUE, ORTIGAS CENTER, PASIG CITY Postal Code 1605
8. Issuer's telephone number, including area code
(632) 8634-1111
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 1,109,566,917
Treasury 16,447,340
11. Indicate the item numbers reported herein
-

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.

Jollibee Foods CorporationJFC

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

Enabling Resolution and Dividend Rate for the Preferred Shares
Background/Description of the Disclosure

A. Enabling Resolution

On 22 September 2021, the Securities and Exchange Commission (“SEC”) issued the Certificate of Filing of Enabling Resolution in connection with the offer and issue of 20,000,000 cumulative, non-voting, non-participating, non-convertible and redeemable perpetual preferred shares, at an offer price of up to Php1,000.00 per share which was approved by the Board of Directors of the Company on May 11, 2021 and was filed with the SEC pursuant to Section 6 of the Revied Corporation Code of the Philippines (R.A. No. 11232).

B. Dividend Rate for the Preferred Shares

Further to its disclosure last 20 September 2021 on the pre-effective letter dated 20 September 2021 issued by the SEC, please be advised that on 22 September 2021 the Company authorized the issuance of the Offer in the Philippines of 8,000,000 Preferred Shares with an Oversubscription Option of 4,000,000 Preferred Shares consisting of and with the Initial Dividend Rate as follows:

Series A Preferred Shares: 3.2821% per annum

Series B Preferred Shares: 4.2405% per annum

Dividend Rate Step-up:

Unless the Initial Offer Shares are redeemed by the Issuer on, in respect of the Series A Preferred Shares the Series A First Optional Redemption Date and in respect of the Series B Preferred Shares the Series B First Optional Redemption Date or on the next Banking Day in case the redemption date falls on a non-Banking Day, the dividends on each series will be adjusted as follows:

(a) For the Series A Preferred Shares: to the higher of the (a) applicable Initial Dividend Rate; or (b) the simple average of the closing per annum rates of the 7-year BVAL (or if the 7-year BVAL is not available or cannot be determined, any such successor rate as determined by the Bankers Association of the Philippines (“BAP”) or the Bangko Sentral ng Pilipinas (“BSP”)), as shown on the relevant page (or such successor page) of the PDS Group (or its successor) for three consecutive days ending on (and including) the third (3rd) anniversary from the Listing Date, plus 4.00% (the “Series A Step-Up Rate”);

(b) For the Series B Preferred Shares: to the higher of the (a) applicable Initial Dividend Rate; or (b) the simple average of the closing per annum rates of the 10-year BVAL (or if the 10-year BVAL is not available or cannot be determined, any such successor rate as determined by the BAP or the BSP), as shown on the relevant page (or such successor page) of the PDS Group (or its successor) for three consecutive days ending on (and including) the fifth (5th) anniversary from the Listing Date, plus 4.00% (the “Series B Step-Up Rate”);

provided, that in the event the relevant Series A First Optional Redemption Date or Series B First Optional Redemption Date falls on a day that is not a Banking Day:

(a) the rate setting will be done on the immediately succeeding Banking Day using the average of the relevant BVAL rates for the three (3) consecutive Banking Days preceding and inclusive of the said rate setting date; and

(b) the higher of the applicable Initial Dividend Rate and the applicable Step-Up Rate will be applied commencing on the Series A First Optional Redemption Date for the Series A Preferred Shares and the Series B First Optional Redemption Date for the Series B Preferred Shares.
Other Relevant Information

Please see attachment.
Filed on behalf by:
Name VALERIE AMANTE
Designation VICE-PRESIDENT