C06023-2019

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 30, 2019
2. SEC Identification Number
31050
3. BIR Tax Identification No.
000-152-291
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
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 8,196,450,000
11. Indicate the item numbers reported herein
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.

Sta. Lucia Land, Inc.SLI

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

The BusinessWorld Online news article entitled: SLI to conduct follow-on offering
Source Please refer to the attached file
Subject of News Report SLI to conduct follow-on offering
Date of Publication Aug 30, 2019
Clarification of News Report

We refer to your correspondence dated 30 August 2019 requiring Sta. Lucia Land, Inc. (the “Corporation”) to clarify and confirm a news article entitled "SLI to conduct follow-on offering” posted on 30 August 2019 in BusinessWorld Online. The article reported in part that:

“STA. LUCIA Land, Inc. (SLI) is looking to raise up to P8.40 billion from a follow-on offering within the year to finance its capital expenditures.

In a preliminary prospectus filed with the Securities and Exchange Commission (SEC), the listed property developer said it will offer up to three billion common shares to the public, consisting of 2.7 billion primary offer shares and 300 million for the over-allotment option.

At a price of P2.26 to P2.80 each, SLI could raise anywhere from P6.78 billion to P8.40 billion.

SLI expects to net P8.117 billion from the offering, should it completely exercise the over-allotment option and secure the maximum price for each share. About P6.78 billion of the proceeds will go to capital expenditures for new and ongoing projects.

The company will use P820 million for landbanking purposes, while the remaining P517.79 million will go to general corporate purposes. The funds are expected to be disbursed from the fourth quarter of 2019 until 2020.

Most of SLI’s upcoming projects are in Central Visayas, Western Visayas, and the Calabarzon Region. It also has developments in the Davao Region, Soccsksargen, Mimaropa, the Cordillera Administrative Region, and Metro Manila.

The developer’s prospective land acquisitions are also located in the provinces, most of which are in Calabarzon.

SLI tapped China Bank Capital Corp. as the offering’s issue manager, underwriter, and bookrunner.

The company’s public float will reach 26.79% upon listing, with its market cap to rise up to P31.35 billion.

Depending on regulatory approvals, SLI looks to finalize the issue price by Nov. 12. The offer is set to run from Nov. 18 to 29, in time for listing on Dec. 9.

. . .”

The Corporation would like to clarify the following:

First paragraph: STA. LUCIA Land, Inc. (SLI) is looking to raise up to P8.40 billion from a follow-on offering within the year to finance its capital expenditures, land banking, and general corporate purposes.

Second paragraph: In a preliminary prospectus filed with the Securities and Exchange Commission (SEC), the listed property developer said it will offer up to three billion common shares to the public, consisting of 2.7 billion primary offer shares and 300 million common shares for the over-allotment option.

Third paragraph: At a price of P2.26 to P2.80 per offer share, SLI could raise anywhere from P6.102 billion to P8.40 billion.

Fourth paragraph: SLI expects to raise net proceeds of approximately P8.117 billion from the offering, should it completely exercise the over-allotment option and secure the maximum price for each share.

Seventh paragraph: The developer’s prospective land acquisitions are also located in the provinces, most of which are in Calabarzon, Western Visayas, Central Luzon, and Davao Region.

Ninth paragraph: The offer shares will comprise up to 26.79% of the outstanding capital stock upon completion of the offer, with its market cap to rise up to P31.35 billion should the over-allotment option be exercised and the maximum price per share be secured.
Other Relevant Information

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