C08532-2021

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)
Dec 20, 2021
2. SEC Identification Number
54666
3. BIR Tax Identification No.
000-163-396
4. Exact name of issuer as specified in its charter
SHAKEY'S PIZZA ASIA VENTURES INC.
5. Province, country or other jurisdiction of incorporation
MANILA, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
15KM EAST SERVICE ROAD CORNER MARIAN ROAD 2, BARANGAY SAN MARTIN DE PORRES, PARANAQUE CITY Postal Code 1700
8. Issuer's telephone number, including area code
(632) 8742 5397
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 1,683,760,178
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.

Shakey's Pizza Asia Ventures, Inc.PIZZA

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

SHAKEY’S PIONEERS NEW 100% PLANT-BASED PIZZA IN PH
Background/Description of the Disclosure

Shakey’s Pizza Asia Ventures, Inc. (PSE:PIZZA), the leading full-service restaurant chain in the Philippines, introduced its first 100% plant-based pizza – the Goood Taco Pizza, marking another milestone for Shakey’s as the first major chain in the country to launch a vegan pizza.

The Goood Taco Pizza is made with 100% plant-based ground “meat” and dairy-free cheese and topped with fresh onions, tomatoes, lettuce, and savory spices to create the classic tex-mex-flavored comfort snack with a healthy twist.

The new plant-based pizza joins the ranks of the Goood Burger and the Goood Nuggets, a move by PIZZA to widen its healthy selections.

Vicente Gregorio, President and Chief Executive Officer of PIZZA, said, “We launched the new Goood Taco Pizza to serve as the centerpiece of our growing plant-based product line. Shakey’s is well-known for pizza, and since the beginning of our journey in plant-based, we’ve been aiming to develop a great-tasting vegan pizza for our guests.”

The full ‘Goood’ menu makes use of 100% plant-based meat alternatives. Once again, PIZZA partnered with unMEAT to bring the innovation to life. ‘unMEAT’ is the Philippines’ pioneer large-scale meat alternatives brand by affiliate company Century Pacific Food Inc., one of the leading branded food manufacturers in the country.

For the patties, nuggets, and meat toppings, PIZZA utilizes unMEAT’s plant-based burgers and nuggets, all made with non-GMO soy proteins.

For the launch of the Goood Taco Pizza, unMEAT created a dairy-free cheese alternative called ‘unCHEESE’ made with potato starches blended with natural flavors and oils. The product looks, tastes, and feels like dairy cheese, making it the perfect topping for Shakey’s new vegan pizza.

“True innovation is at the heart of the new launch. From the dough to the toppings to the cheese, or unCHEESE rather, everything was made entirely of plant-based ingredients.” added Gregorio.

Globally, the demand for healthier, better-for-you, and better-for-the-planet food choices has been on the rise, prompting the growth of the plant-based alternatives category. In the Philippines, the category is still nascent, thus it is critical for players in the F&B industry to help develop the category by educating consumers and providing them with affordable options.

He continued, “Providing our guests with healthier and better-for-you options is an essential component of our strategy to future-proof the business. As health and wellness become more widespread among our consumers, the demand for healthier choices will continue to rise. Thus, we will continue our pursuit in building our ‘Goood’ menu. Expect more green innovations to come from Shakey’s kitchens.”

The new Goood Taco pizza is now available in selected Shakey’s stores nationwide.
Other Relevant Information

Refer to attachment.
Filed on behalf by:
Name Manuel Del Barrio
Designation Chief Information Officer