COVER SHEET ATTY. RENATO O. MARZAN Contact Person rn~ ~ Month Day Fiscal Year ~~ FORM TYPE Month Day Annua Meeting Secondary License Type, if Applicable CTB Dept. Requiring this Doc. Amended Articles Number/ [[[]]] Total No. Of Stockholders --------------------------------------------------------------------------------------------------------------------------- To be accomplished by SEe Personnel concerned LCU Cashier STAMPS '- - - - --- - - - --- -~ -- -- - - -- Remarks = pis. Use black ink for scanning purposes ------------ SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATIONS CODE (SRC) AND SRC RULE 17(a)-1(b)(3) THEREUNDER 1. 19 November 2008 ..................................................................................................................................................................................................................... Date of Report (Date of earliest event reported) 2. .............................................................................................................. 4. .................................................................................................................................................................................................................... 34218 SEC Identification Number 3. . 000-153-610-000 SIR Tax Identification Number . AYALA CORPORATION ' Exact Name of registrant as specified in its charter 5. PHILIPPINES .............................................................................................................. 6. Province, country or other jurisdiction of incorporation 7. ...~.~!E! ..T.~~.~.~ ..9.~~!.~. .Y.~!.~ ..T.~!.~.~.~.!~! ..~y..~!.~ ..~y.~.~.~.~.' ~.~.~.~.~.i ..~.!~Y.: . Address of principal office ~.~.~::~!.!..~ ..!.. ~.~~.:~~~~ 8. , ... Registrant's telephone number, including area code 9. Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the SRC Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstan ing COMMON SHARES Indicate the item numbers reported herein Re: Please refer to attached letter ................................................................................................................ Result of Offering of Preferred "A" Shares Pursuant to the requirements of the Securities Regulations Code, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AYALA CORPORATION ............................................................................................... Registrant Date: 19 November 2008 piltdJu1w~ ICHELLE MARIE T. VALBUE Compliance Manager Signature and Title* * Print name and title of the signing officer under the signature. A SEe Re . No. 34218 Ayala Corporation Makati Central PO Box 1 44 Makati City 1254 Philippi es Tel (632) 848 5643 19 November 2008 Fax (632) 848 5768 www.ayala.com.ph Securities & Exchange Commission Attn.: Director Justina F. Callangan Corporation & Finance Department S.E.C. Building, EDSA Mandaluyong City Philippine Stock Exchange Attn.: Atty. Pete M. Malabanan Head - Disclosure Department 4/F PSE Center, Exchange Road Ortigas Center, Pasig City Philippine Dealing & Exchange Corporation Attn.: Mr. Cesar B. Crisol President and Chief Operating Officer 37/F Tower 1, The Enterprise Center 6766 Ayala Avenue corner Paseo de Roxas Makati City Gentlemen: Reference is made to the offer by Ayala Corporation ("the Company") of 8,000,000 Class "A" Preferred Shares with an oversubscription option to issue an additional 4,000,000 Class "A" Preferred Shares. Please be informed that the Company has sold a total of 12,000,000 Preferred "A" Sh res during the public offer and that the Shares have been fully subscribed. The 12,000,000 Pr ferred "A" Shares will be listed in the Philippine Stock Exchange on 25 November 2008. The above information is being submitted in compliance with the disclosure rules of th and Exchange Commission and the Philippine Stock Exchange. Very truly yours, rMb~ RUFINO LUIS T. MANOTOK Senior Managing Director and Chief Finance Officer Securities