SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
1. 07 November 2014
Date of Report (Date of earliest event reported)
2. SEC Identification Number A200117595

3. BIR Tax Identification No. 214-815-715-000

4. EMPERADOR INC.
Exact name of issuer as specified in its charter
5. PHILIPPINES
Province, country or other jurisdiction of
incorporation

6.
(SEC Use Only)
Industry Classification Code:

7. 7th Floor, 1880 Eastwood Avenue, Eastwood City CyberPark

188 E. Rodriguez Jr. Avenue, Bagumbayan, Quezon City
Address of principal office

1110
Postal Code

8. (632)-709-2038 to 41
Issuer's telephone number, including area code
9. N/A
Former name or former address, if changed since last report
10. 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

15,000,000,000

11. Indicate the item numbers reported herein: ITEM 9 OTHER EVENTS
Please see attached Press Release.
SIGNATURES
Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.
EMPERADOR INC.
By:
DINA D. INTING
Compliance Officer and
Corporate Information Officer

07 November 2014

GIC TO INVEST UP TO PHP22 BILLION

FOR A MINORITY STAKE IN EMPERADOR
GIC, Singapores sovereign wealth fund, through its private equity arm, and Emperador
Inc. (EMP) have entered into a definitive purchase agreement to invest Php17.6 billion in
equity and equity-linked securities of EMP at Php11.00 per share. GIC will also have an option
to invest an additional Php4.4 billion in EMP at Php11.00 per share over a 13-month period. The
definitive agreement is expected to be completed within November 2014.

The initial investment by GIC of Php17.6 billion comprises an equity investment of

Php12.32 billion for the purchase of 1.12 billion common shares representing 6.95% direct
equity stake in EMP and equity-linked securities (ELS) of Php5.28 billion which has a term of
up to 7 years and convertible into 480 million common shares of EMP under preset terms at the
option of both EMP and GIC. The equivalent equity ownership of GIC will be 9.64% if the ELS
are converted into common shares. If GIC exercises its option to invest an additional amount of
Php4.4 billion in EMP, GICs effective ownership under the agreement will be increased to
11.76%.

Emperador is a market leader in the liquor industry with a demonstrated track record in
the Philippines. The partnership with GIC will strengthen the capital position of the company to
further enhance the leading industry position of Emperador in the country and expand its
business in both local and global markets.
Dr. Andrew L. Tan, Chairman of EMP, said, We welcome the entry of GIC, a reputable
world-class global fund manager, into Emperador. EMP has a strong capital position and the
transaction is a partnership with a long-term and like-minded investor. The partnership enhances
AGIs track record of growing companies into market leaders through strong execution, brand
building and product innovation.

UBS AG acted as financial adviser of EMP in the transaction.

Emperador is the largest spirits company in the Philippines and the worlds biggest
brandy producer. In 2013, it sold approximately 33 million cases of brandy, cornering close to
50% of total spirits volume in the Philippines. The companys operations are fully integrated,
including manufacturing, bottling and distribution. Its most successful product is Emperador
Light, which has recorded a CAGR of 53% since its launch in 2010.