SEC 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) Jun 2, 20222. SEC Identification Number 1636713. BIR Tax Identification No. 000-804-342-0004. Exact name of issuer as specified in its charter AyalaLand Logistics Holdings Corp.5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 3rd Floor Glorietta 5, Ayala Center, Makati CityPostal Code12248. Issuer's telephone number, including area code (+632) 8884-11069. 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 | 6,301,591,987 |
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.
AyalaLand Logistics Holdings Corp.ALLHC PSE Disclosure Form 4-1 - Acquisition or Disposition of Assets References: SRC Rule 17 (SEC Form 17-C) andSection 4.4 of the Revised Disclosure Rules
Subject of the Disclosure |
Acquisition of land located in Padre Garcia, Batangas |
Background/Description of the Disclosure |
On May 31, 2022, AyalaLand Logistics Holdings Corp. (ALLHC), through its subsidiary, Laguna Technopark, Inc., entered into Deeds of Absolute Sale to acquire 55 hectares of land located in Padre Garcia, Batangas. |
Date of Approval by Board of Directors | N/A |
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
This transaction increases ALLHC's industrial park portfolio and further strengthens the vision to be the leading real estate logistics and industrial estate developer in the Philippines. |
Date | May 31, 2022 |
Description of the Transaction |
The transaction was approved by ALLHC's Executive Committee on May 26, 2022. |
Manner |
Purchase of land from individual and corporate sellers |
Description of the assets involved |
11 contiguous land parcels totaling 547,788 square meters located in Padre Garcia, Batangas |
Nature and amount of consideration given or received |
PhP 677,693,321.05, VAT-inclusive |
Principle followed in determining the amount of consideration |
Amount of consideration was agreed value of the parties |
Terms of payment |
One-time payment for the land |
Conditions precedent to closing of the transaction, if any |
For the purchase of land, delivery of documents customary to this type of transaction, including the owner's duplicate of the Transfer Certificates of Title and declarations of real property, which condition was fulfilled simultaneous to the execution of the deeds of absolute sale. |
Any other salient terms |
None |
Name | Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates |
First Gilmore Realty Corp. | None |
JRK Development Corp. | None |
Maria Paz K. Fabella | None |
Carmen Fabella Mueller | None |
Augusto K. Fabella | None |
Maria Isabel Tan Pedersen | None |
Vicente K. Fabella | None |
Carlos M. Tan | None |
Purisima K. Tan | None |
Marinela K. Fabella, et.al. | None |
Effect(s) on the business, financial condition and operations of the Issuer, if any |
This transaction increases ALLHC's industrial park portfolio and further strengthens the vision to be the leading real estate logistics and industrial estate developer in the Philippines. |
Other Relevant Information |
None |
Source(s) of funds |
Internally generated funds and intercompany borrowings |
If any asset so acquired by the issuer or its subsidiaries constituted plant, equipment or other physical property, state the nature of the business in which the assets were used by the persons from whom acquired and whether the issuer intends to continue such use or intends to devote the assets to other purposes, indicating such other purposes |
ALLHC Group will assume the ownership of the land which will be the site of the future Batangas Technopark. |
Name | Francis Montojo |
Designation | Chief Finance Officer and Chief Risk Officer |
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AyalaLand Logistics Holdings Corporation published this content on 03 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 23:41:01 UTC.