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)

Aug 1, 2024

2. SEC Identification Number

34218

3. BIR Tax Identification No.

000-153-610-000

4. Exact name of issuer as specified in its charter

AYALA CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

37F to 39F, Ayala Triangle Gardens Tower 2, Paseo de Roxas cor Makati Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(02) 7908-3000

9. Former name or former address, if changed since last report

NA

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	620,526,625
Preferred A Shares (Reissued)	5,244,515
Preferred B Series 2 Shares	30,000,000
Voting Preferred Shares	200,000,000

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.

Ayala CorporationAC

PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Ayala Corporation (“AC”) through AC Ventures Holding Corp.(“ACV”), to increase its ownership stake in Globe Fintech Innovations, Inc. (“Mynt”), the operator of GCash, by ~8%.
Background/Description of the Disclosure
AC, through its wholly-owned subsidiary ACV signed a definitive agreement to acquire common shares from existing shareholders equivalent to an additional ~8% ownership stake in Mynt, the operator of the GCash platform, for approximately PhP22.9 billion. This transaction values Mynt at approximately PhP286.4 billion and increases Ayala’s ownership in Mynt to ~13%.

Date of Approval by Board of Directors	Jul 30, 2024

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
AC’s strategic priority is to rationalize its portfolio and reallocate capital to clear business winners. The increased stake in Mynt allows AC to further benefit from GCash’s success and strong long-term growth potential.

Details of the acquisition or disposition

Date	Aug 1, 2024

Manner
AC’s acquisition of secondary common shares equivalent to ~8% of Mynt post-transaction.
Description of the company to be acquired or sold
Mynt is the first and only US$5 billion unicorn in the Philippines. It is a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance Super App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	157,623,446
Percentage to the total outstanding shares of the company subject of the transaction	8
Price per share	Php145.372

Nature and amount of consideration given or received
Cash, approximately PhP22.9 billion
Principle followed in determining the amount of consideration
Negotiated price, aligned with market comparables
Terms of payment
Cash payment subject to fulfillment of conditions precedent
Conditions precedent to closing of the transaction, if any
Conditions precedent as are customary for similar transactions
Any other salient terms
None.

Identity of the person(s) from whom the shares were acquired or to whom they were sold

Name	Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Consortium of private equity investors	None

Effect(s) on the business, financial condition and operations of the Issuer, if any
The increased stake in Mynt allows AC to further benefit from GCash’s success and strong long-term growth potential.
Other Relevant Information
AC is currently in discussions with a strategic investor which has expressed interest in acquiring a portion of its ownership stake in Mynt subject to completing due diligence and receiving its approvals. Please see attached press release.