C07067-2024

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)
Nov 7, 2024
2. SEC Identification Number
1803
3. BIR Tax Identification No.
00406761000
4. Exact name of issuer as specified in its charter
ABS-CBN CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
ABS-CBN Broadcasting Center, Sgt. Esguerra Ave. cor. Mother Ignacia Street Quezon City Postal Code 1103
8. Issuer's telephone number, including area code
632 3415 2272
9. Former name or former address, if changed since last report
Not Applicable
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 899,848,111
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.

ABS-CBN CorporationABS

PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Amendment of Article Sixth of the Articles of Incorporation to reduce the number of directors from 11 to 7.

Background/Description of the Disclosure

The Board today, November 7, 2024, approved the amendment of Article Sixth of its Amended Articles of Incorporation to reduce the number of directors from eleven (11) to seven (7). The scale and scope of ABS-CBN’s operations have been reduced significantly. The Company is streamlining the number of directors in line with the reduced scale of its business. As an added benefit, this also increases the ratio of independent directors to regular directors.

Date of Approval by
Board of Directors
Nov 7, 2024
Date of Approval by Stockholders TBA
Other Relevant Regulatory Agency, if applicable Not Applicable
Date of Approval by Relevant Regulatory Agency, if applicable TBA
Date of Approval by Securities and Exchange Commission TBA
Date of Receipt of SEC approval TBA
Amendment(s)
Article No. From To
Article Sixth Sixth: That the directors of said corporation are ELEVEN (11) who are elected to serve for a term of one (1) year until their successors are duly elected and qualified as provided in the By-laws and ar as follows: Sixth: That the directors of said corporation are SEVEN (7) who are elected to serve for a term of one (1) year until their successors are duly elected and qualified as provided in the By-laws and ar as follows:
Rationale for the amendment(s)

The scale and scope of ABS-CBN’s operations have been reduced significantly. The Company is streamlining the number of directors in line with the reduced scale of its business. As an added benefit, this also increases the ratio of independent directors to regular directors.

The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC TBA
Expected date of SEC approval of the Amended Articles of Incorporation TBA
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

The scale and scope of ABS-CBN’s operations have been reduced significantly. The Company is streamlining the number of directors in line with the reduced scale of its business. As an added benefit, this also increases the ratio of independent directors to regular directors.

Other Relevant Information

None

Filed on behalf by:
Name Enrique Quiason
Designation Assistant Secretary