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)

Oct 14, 2021

2. SEC Identification Number

PW-94

3. BIR Tax Identification No.

000-707-922

4. Exact name of issuer as specified in its charter

PAL Holdings, Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

8th Floor, PNB Financial Center, President Diosdado Macapagal Ave., CCP Complex, Pasay City Postal Code 1307

8. Issuer's telephone number, including area code

(02) 8810-2451

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	11,610,978,242

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.

PAL Holdings, Inc.PAL

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Material Information
Background/Description of the Disclosure
October 14, 2021 Ms. Janet Encarnacion Head, Disclosure Department Philippine Stock Exchange BGC, Taguig, Metro Manila Dear Ms. Encarnacion, Further to our Disclosure made on Sept. 27,2021 on, among others, the increase of the authorized capital stock of Issuer from 13,500,000,000 shares to 30,000,000,000 shares, please be informed that in the same meeting, the Board of Directors delegated to Management the finalization of the details to support said capital increase. Upon the foregoing, we advise that in its meeting today, 14 October 2021, Management has determined as follows: 1.) The increase of the authorized capital stock will be supported by a private placement of Buona Sorte Holdings, Inc. (“BSHI “ the parent company of Trustmark Holdings Corporation or “ Trustmark”) in the amount of Two Hundred Fifty Five Million United States Dollars (USDollar 255,000,000,000.00) equivalent to Twelve Billion Seven Hundred Fifty Million Pesos ( Php 12,750,000,000.00) to be received by PHI in cash by way of fresh and additional capital. 2.) The P12.75 Billion private placement represents the full and final payment of BSHI’s subscription to Ten Billion Two Hundred Million (10,200,000,000) new common shares of PHI at a subscription price of One Peso and Twenty Five Centavos (Php1.25) per share in favor of BSHI. Further to the Annual Stockholders’ Meeting, the Nomination Committee of PHI met on October 14, 2021 and approved the nomination of the following to the Board of PHI for 2021- 2022: Lucio C. Tan Carmen K. Tan Lucio C. Tan III Sheila T. Pascual Gilbert Sta. Maria Junichiro Miyagawa Johnip G. Cua (ID) Jerome Su Tan (ID) Bienvenido E. Laguesma (ID) We trust that you will find the foregoing in order. Please let us know if you have further question. Thank you. Kind regards, Ma. Cecilia L. Pesayco Corporate Secretary
Other Relevant Information
None.