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)
Jul 22, 2024
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, PhilippinesPostal Code1634
8. Issuer's telephone number, including area code
(02) 8886-2800
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
5,553,805,057
Amount of Debt Outstanding (As of March 31, 2024)
384,724,492,000.00
11. Indicate the item numbers reported herein
Item 9: Other Events
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 July 21, 2024 Bilyonaryo.com News Article.
Source
Bilyonaryo.com
Subject of News Report
We believe in Marcos: Aboitiz Group to pour in P250 billion in new investments in 2025 – Sabin
Date of Publication
Jul 21, 2024
Clarification of News Report
Gentlemen:
This refers to your letter requesting Aboitiz Equity Ventures Inc. (AEV, or the “Company”) to confirm the veracity of the information contained in the Bilyonaryo.com news article dated July 21, 2024 entitled, “We believe in Marcos: Aboitiz Group to pour in P250 billion in new investments in 2025 – Sabin,” the relevant portion of which is quoted hereunder:
“Bilyonaryo Sabin Aboitiz is betting big on the Marcos administration, revealing plans for his family’s business empire to spend up to P250 billion in capital expenditures next year.
‘The world is looking at the Philippines as an investment destination. Locally, for example, we’re planning to invest about P250 billion next year in capital expenditures. That’s approximately $5 billion. It’s quite a significant amount for a company of our size,’ said the president and CEO of Aboitiz Equity Ventures.
. . . .”
We confirm the statement of Mr. Sabin M. Aboitiz, our President and Chief Executive Officer, that AEV is considering plans to spend up to Php 250bn in capital expenditures in 2025.
We would like to clarify that AEV, alongside other businesses in our portfolio, is in constant pursuit of opportunities to grow our businesses as we position ourselves as the country's first techglomerate. We emphasize that this planning stage does not constitute a firm commitment from the Company.
We assure the Exchange that it is our policy to make the necessary disclosures as our initiatives reach a level of certainty or materiality. We trust that we have clarified the above-mentioned news article to your satisfaction.