1. Date of Report (Date of earliest event reported)
May 7, 2019
2. SEC Identification Number
3. BIR Tax Identification No.
4. Exact name of issuer as specified in its charter
Sta. Lucia Land, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Penthouse, Building 3, Sta. Lucia Mall, Marcos Highway corner Imelda Avenue, Cainta, Rizal Postal Code 1900
8. Issuer's telephone number, including area code
(02) 681-7332
9. Former name or former address, if changed since last report
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 8,196,450,000
11. Indicate the item numbers reported herein

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.

Sta. Lucia Land, Inc.SLI

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

Acquisition from LBS Properties Inc. of 2,562,490 shares of stock of Uni-Asia Properties Inc. ("Uni-Asia").

Background/Description of the Disclosure

At the Special Meeting of the Board of Directors of Sta. Lucia Land, Inc. (the "Corporation") held on 07 May 2019 at its principal office, at which meeting a quorum was present and acting throughout, the Board of Directors discussed and approved resolutions authorizing the Corporation to acquire 2,562,490 shares of stock of Uni-Asia.

Date of Approval by
Board of Directors
May 7, 2019
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

To increase the Corporation's stake in Uni-Asia which owns a premiere township development project in Iloilo. The Corporation will benefit from the positive cash flows of Uni-Asia from the expected sales of its new township project in Iloilo.

Details of the acquisition or disposition
Date TBA

The Corporation and LBS Properties Inc. shall execute a Deed of Conditional Sale of Shares.

Description of the company to be acquired or sold

Uni-Asia was incorporated in the Philippines and registered with the Securities and Exchange Commission on 13 September 1996. Uni-Asia is engaged in real estate business primarily to acquire and develop lands for sale. To date, its subdivision projects include Centro Verde and a township project in Iloilo known as Hacienda Verde.

The terms and conditions of the transaction
Number of shares to be acquired or disposed 2,562,490
Percentage to the total outstanding shares of the company subject of the transaction 4.37
Price per share Php 15.80
Nature and amount of consideration given or received

The amount of consideration for the acquisition of shares of Uni-Asia is Php 40,487,342.00.

Principle followed in determining the amount of consideration

The amount of consideration was determined by computing the Net Asset Valuation of Uni-Asia.

Terms of payment

Payment of fifty percent (50%) downpayment equivalent to Php20,243,671.00 shall be payable upon execution of the Deed of Conditional Sale of Shares and the remaining balance shall be payable within one year through monthly installments of Php1,686,972.58 to be covered by post-dated checks.

Conditions precedent to closing of the transaction, if any


Any other salient terms


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
LBS Properties Inc. None
Effect(s) on the business, financial condition and operations of the Issuer, if any

The foregoing matter will strengthen the Corporation's presence in the Visayas region as one of the leading project owners / developers in the area.

Other Relevant Information


Filed on behalf by:
Name Jennifer Marie Castro
Designation Acting Corporate Secretary