Change in Number of Issued and/or Outstanding Shares
November 08, 2021 at 06:23 pm EST
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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 31, 20212. SEC Identification Number 18033. BIR Tax Identification No. 004067610004. Exact name of issuer as specified in its charter ABS-CBN Corporation5. Province, country or other jurisdiction of incorporation Metro Manila6. Industry Classification Code(SEC Use Only) 7. Address of principal office ABS-CBN Broadcasting Center, Sgt. Esguerra Ave. cor. Mother Ignacia Street Quezon CityPostal Code11038. Issuer's telephone number, including area code (632)341522729. Former name or former address, if changed since last report Not Applicable10. 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
854,190,468
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.
ABS-CBN CorporationABS
PSE Disclosure Form 4-11 - Change in Number of Issued and Outstanding Shares References: Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Change in Number of Issued and/or Outstanding Shares
Background/Description of the Disclosure
Please be advised, that as of date, the Company updated the subscription by participants of the ABS-CBN Employee Stock Purchase Plan ("ASPP") and the Executive Stock Purchase Plan ("ESPP") to a total of 3,390,677 common shares in ABS-CBN Corporation.
The total issued shares as of date is 875,513,029. The total outstanding shares as of date is 854,190,468.
The number of subscriptions decreased by 25,500 (from 3,416,177 to 3,390,677) common shares due to various withdrawals of the participants up to October 31, 2021, the monthly report of which is provided to the Philippine Stock Exchange. The total withdrawn shares up to October 31, 2021 is 8,000,823 common shares which reverted to the Company as part of its unissued common shares.
Under Sections 12 and 13 of the ASPP, a participant forfeits any rights or interest relating to the plan except for the right to receive a full refund for all purchase payments made: when a participant voluntarily withdraws from the plan for any reason; when the participant's employment terminates or ceases as a result of resignation or voluntary separation from employment; when the participant's service agreement ends; or when the participant involuntarily withdraws from the plan with fault on the part of such participant (e.g., termination for just case or termination due to breach of service agreement). The said shares shall revert to the Company.
Under Section 13 and 14 of the ASPP, in addition to the option to withdraw from the plan, the option to purchase shares equivalent to the paid portion is also available: when the participant involuntarily withdraws from the plan without fault on the part of such participant (e.g., closure of establishment and reduction of employees, separation due to disease or permanent disability, or retirement) or in case of the death of a participant. The shares corresponding to the unpaid portion shall revert to the Company.
The ESPP has the same forfeiture and option features for its participants.
Change(s) in Number of Issued and Outstanding Shares
ABS-CBN Corporation published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 23:22:07 UTC.
ABS-CBN Corporation is a media and entertainment company engaged in the television (TV) and radio broadcasting business. The Companyâs segments include Content Production and Distribution and Sky Cable. The Content production and distribution comprises entertainment, news and current affairs, global operations, film and music production, cable channels, publishing, content distribution through digital platforms, and live events and concerts. This consists of local and global content creation and distribution through TV and radio broadcasting. The Cable and Broadband comprises cable TV and broadband services in Metro Manila and in certain provincial areas in the Philippines. The Companyâs subsidiaries and associates are involved in the various businesses, including cable and TV distribution and movie production, audio recording and distribution, video/audio post-production and film distribution. Other activities of the subsidiaries include merchandising, and Internet services.
ABS-CBN CORPORATION 
