Ayala Corporation (AC) Tender Offer
Please be advised that Ayala Corporation (the “Bidder”) is conducting a tender offer to acquire 30,067,392 of its outstanding common shares.
The tender offer is being undertaken to enable Ayala Corporation to comply with its obligations under the Investment Agreement with Mitsubishi Corporation. Specifically, the transaction is intended to ensure that Ayala Corporation has sufficient number of common shares available for sale to Mitsubishi Corporation in accordance with the terms of the agreement.
Details of the tender offer are as follows:
| Tender Offer Period: | November 4, 2026 – January 8, 2027, at 12 noon |
| Tender Offer Price: | Php 650.00 |
| Cross Date: | January 13, 2027 |
| Settlement Date: | January 15, 2027 |
| BSC Internal Deadline to Tender: | January 7, 2027, at 12:00 noon |
For more information, the Tender Offer Report dated October 29, 2026 is available for downloading through the PSE Edge Website.
https://bit.ly/AC-Tender-Offer
To participate in this tender offer, please email bpitradecorpact@bpi.com.ph using your BPI Trade registered email address, indicating the number of shares you wish to tender.
Also, please take note of the following terms and conditions:
- Shareholders may tender their shares to the Bidder during the Tender Offer Period. Only outstanding shares that are settled by January 7, 2027, and are free from any claims, liens, or encumbrances shall be eligible for acceptance under the Tender Offer.
- All fees, taxes, and other charges arising from the Tender Offer shall be for the account of the tendering shareholder. The net proceeds from the accepted tendered shares shall be credited to the shareholder’s BPI Trade Account upon receipt of cleared funds from the Bidder.
- The deadline for the acceptance of tendered shares may be moved to an earlier or later date should the Bidder amend the Tender Offer Period, subject to prior approval by the Securities and Exchange Commission (SEC) and appropriate notice to the Philippine Stock Exchange (PSE).
- The Bidder reserves the right to withdraw the Tender Offer at any time prior to the acceptance of any tendered shares, subject to compliance with applicable regulatory requirements.
- Acceptance of tendered shares shall be subject to the terms and conditions set forth in the Tender Offer Report. Any shares not accepted by the Bidder shall be returned and credited back to the shareholder’s BPI Trade Account in accordance with the Tender Offer guidelines.
- Tendering shareholders may withdraw their tendered shares by submitting a written withdrawal request on or before the internal deadline prescribed by BPI Securities Corporation.
- Submission of an application to tender shares shall constitute the shareholder’s irrevocable commitment to BPI Securities Corporation with respect to the shares being tendered, subject to the withdrawal provisions stated above.
Should you have any questions, please feel free to e-mail bpitradecorpact@bpi.com.ph. You can also call the BPI Trade hotline at 8580-4000.
For your information and guidance.