1. Date of Report (Date of earliest event reported)
Oct 1, 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

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Sta. Lucia Land, Inc.SLI

PSE Disclosure Form 4-22 - Joint Ventures References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Joint Venture between Sta. Lucia Land, Inc. ("SLI") and Araneta Properties, Inc. ("ARA")

Background/Description of the Disclosure

Joint development by SLI and ARA of a project located in Bulacan with an area of 580,154 sq.m.

Date of Approval by Board of Directors Jan 8, 2018
Date of Approval by Stockholders, if applicable Jun 21, 2018
Description and nature of the transaction including the timetable for implementation, and related regulatory requirements

SLI shall develop the land purchased by ARA located in Bulacan into a residential subdivision.

SLI’s obligation to develop shall commence immediately upon the peaceful turnover of the property by ARA upon procurement of a DAR conversion or exemption clearance (if applicable or required) and upon the issuance of the development permit.

SLI guarantees completion of the development work, except for the completion of electrical facilities, if not prevented by force majeure or fortuitous event or by competent authority, within four (4) years from the date of procurement of the development permit to be issued by the Local Government.

The related regulatory requirements include the necessary licenses, environmental clearance, bond, permits, approval from the Local Government, HLURB, public utility companies and other government agencies having authority on residential subdivisions.

The Joint Venture Agreement was finalized by SLI and ARA on 29 November 2019.

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

The transaction is part of SLI’s expansion in Bulacan.

Terms and conditions of the joint venture
Amount of investment and/or interest by the parties involved

ARA shall contribute a parcel of land with an area of 580,154 sq.m. located in Bulacan while SLI shall develop the area of the property into a residential subdivision.

Provisions on profit-sharing, arrangements on management and operations

60% of the net saleable area will be owned by SLI, while 40% will be owned by ARA. Notwithstanding the foregoing, the parties may, by mutual agreement, select lots which shall be owned in common by both SLI and ARA.

Conditions precedent to closing of transaction, if any


Other salient features of the joint venture agreement


Identity and/or corporate background of the parties to the transaction, including the following
Name Nature of Business Nature of any material relationship with the Issuer and the parties to the joint venture, their directors/officers or any of their affiliates
ARA Real estate development No material relationship with SLI, its directors/officers or any of its affiliates
Effect(s) on the business, financial condition and operations of the Issuer, if any

The foregoing matter is expected to improve the financial standing of SLI.

Other Relevant Information

The disclosure was amended to reflect that the Joint Venture Agreement was finalized by SLI and ARA on 29 November 2019.

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