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) Jul 1, 20222. SEC Identification Number 1527473. BIR Tax Identification No. 000-153-790-0004. Exact name of issuer as specified in its charter Ayala Land, Inc.5. Province, country or other jurisdiction of incorporation Makati City, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 31F Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati CityPostal Code12268. Issuer's telephone number, including area code +632 7908 31119. Former name or former address, if changed since last report N/A10. 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 14,783,597,401
Voting Preferred Shares 12,443,102,599
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.

Ayala Land, Inc.ALI PSE Disclosure Form 4-21 - Redemption of Security References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure

Result of Redemption of Voting Preferred Shares (VPS) and Dividend Rate Re-pricing of VPS

Background/Description of the Disclosure

Please be informed that a total of 623,392,160 Voting Preferred Shares (VPS) has been redeemed on June 24, 2022. The remaining number of outstanding VPS is 12,443,102,599. All of the redeemed VPS will be retired.

Further to our disclosure on February 24, 2022 on the resetting of the dividend rate on the outstanding VPS, the dividend rate will be repriced from 4.74786% to 6.32862%, which is equal to 90% of the 10-year PHP BVAL Reference Rate as of June 29, 2022, and will be payable annually. The new dividend rate will be applicable until June 29, 2032, the next repricing date.

We wish to remind the remaining VPS holders that commencing June 29, 2022, the VPS holders may convert their shares into common shares at a conversion ratio of 1 VPS to 1 common share at a price which shall be the higher of (i) the average closing price for the immediately preceding 30 trading days less the par value of the VPS of P0.10 per share or (ii) the closing price immediately preceding the conversion date less the par value of the VPS of P0.10 per share.

Date of Approval by Board of Directors Feb 24, 2022
Record Date, if applicable Mar 11, 2022
Redemption Price Php0.10 per share, plus accrued dividends
Redemption Period March 24, 2022 to May 24, 2022
Redemption Date Jun 24, 2022

Effects on the capital structure

Issued Shares
Type of Security/Stock Symbol Before After
Common Shares/ALI 15,391,268,583 15,391,268,583
Unlisted Voting Preferred Shares 13,066,494,759 13,066,494,759
Outstanding Shares
Type of Security/Stock Symbol Before After
Common Shares/ALI 14,783,597,401 14,783,597,401
Unlisted Voting Preferred Shares 13,066,494,759 12,443,102,599
Treasury Shares
Type of Security/Stock Symbol Before After
Common Shares/ALI 607,671,182 607,671,182
Unlisted Voting Preferred Shares 0 623,392,160
Listed Shares
Type of Security/Stock Symbol Before After
Common Shares/ALI 14,554,334,801 14,554,334,801
Unlidsed Voting Preferred Shares - -
Effect(s) on foreign ownership level, if any decrease from 17.91% to 16.29%
Other Relevant Information

The resulting number of issued and outstanding unlisted voting preferred shares will be disclosed after conversion of the remaining unlisted voting preferred shares to common shares.

The updated number of common shares to be issued, as the result of the conversion, will also be reported in due course.

This disclosure is being amended to disclose the effect of the redemption of VPS in the foreign ownership level of our Company.

Filed on behalf by:
Name Michelle Valbuena
Designation Compliance Manager

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Ayala Land Inc. published this content on 01 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2022 06:02:06 UTC.