C07791-2022

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)
Oct 20, 2022
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

PERI-PERI CHARCOAL CHICKEN, ON A ROLL WITH NEW LOCATIONS;
HITS 60TH STORE MILESTONE AND OPENS CLARK INTERNATIONAL AIRPORT OUTLET
Background/Description of the Disclosure

Peri-Peri Charcoal Chicken and Sauce Bar (Peri-Peri), a fast-growing casual dining restaurant chain in the Philippines, opened a string of new store locations, hitting its milestone 60th store. Peri-Peri is the second largest chain of Shakey’s Pizza Asia Ventures, Inc. (PSE:PIZZA), the leading fast casual restaurant chain and food service group in the country.

In a bid to establish Peri-Peri as one of the top players in the category, PIZZA has been ramping up store expansion for the chain, opening a string of new and innovative outlets in September. First acquired in 2019 with 29 stores, Peri-Peri now has over 60 outlets in the Philippines and counting.

Vicente Gregorio, PIZZA President and Chief Executive Officer said, “Over the last two years, we have witnessed significant growth from Peri-Peri, despite the headwinds brought about by the pandemic. We see opportunities to further its market penetration. For us, strategic expansion is key – having the right stores in the ideal locations with apt formats.”

The chain recently opened a new store at the Clark International Airport, the first airport outlet of Peri-Peri and one of the synergies brought about by the entry of the Gokongwei group as a strategic investor. The airport opened a new terminal building that is designed to accommodate approximately 8 million passengers a year, unlocking growth opportunities North of Metro Manila.

In September, Peri-Peri achieved its 60th store milestone, this time opening at the heart of Manila – Malate, a bustling town known for its local food scene and live music entertainment. The new outlet is a full store, designed to accommodate more diners with Manila demonstrating strong foot traffic recovery amidst an abating pandemic and heading towards the festive holiday season.

On a roll with its new outlets, the charcoal chicken chain opened its second full store with a fly-thru (drive-through), an innovative format located in BF Homes Aguirre in Paranaque City. Initially a Peri Jr., an agile small store format designed to penetrate markets via carry out, the outlet has been converted to cater to the growing demand in the area.

With a receding pandemic in the Philippines, mobility is up and foot traffic is back. Schools are expected to be 100% face-to-face in Q4, which is expected to further boost spending.

According to Gregorio, PIZZA is in the midst of gearing up for the holiday season.

“The fourth quarter is always a robust period. This year, we are expecting to see even more revenge spending in the coming months because of reunions and gatherings. It will be celebratory. We’re already preparing our stores for functions and expanding our footprint to seize this opportunity,” he said.
Other Relevant Information

Disclaimer:

This press release includes forward-looking statements. Such forward-looking statements are management’s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The reader is cautioned not to rely on such forward-looking statements, which speak only as of the date they were made. All subsequent forward-looking statements attributable to the Company, its affiliates or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements referred to in this press release.


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