General Announcement::Execution of a Non-Binding Term Sheet

Issuer & Securities

Issuer/ Manager
AYC FINANCE LIMITED
Securities
AYCFINANCE US$400M5.125%N - XS1681502537 - 7V7B
AYCFINANCE US$300M0.5%B190502 - XS1056384420 - 3M9B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
08-Jan-2018 09:19:58
Status
New
Announcement Sub Title
Execution of a Non-Binding Term Sheet
Announcement Reference
SG180108OTHRSOTC
Submitted By (Co./ Ind. Name)
Solomon M. Hermosura
Designation
Company Secretary and Director
Effective Date and Time of the event
05/01/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)
Execution of a Non-Binding term sheet for the proposed merger of Ayala Corporation's wholly-owned subsidiary, AC Education, Inc., with iPeople, inc., the listed holding company for the education sector controlled by House of Investments, Inc., a member of the Yuchengco Group of Companies.

Please see attached disclosure and press release for more information with regard to the transaction.

Attachments

PSE-SEC-PDEx -Non-Binding Term Sheet for the Proposed Merger of AC Education Inc. with iPeople Inc._1 5 18.pdf
Total size =570K