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)

Jan 12, 2017

2. SEC Identification Number

60312

3. BIR Tax Identification No.

000464876

4. Exact name of issuer as specified in its charter

IRC PROPERTIES, INC.

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

35FLR. RUFINO PACIFIC TOWER, 6784 AYALA AVENUE, MAKATI CITY Postal Code 1223

8. Issuer's telephone number, including area code

(632) 750-2000

9. Former name or former address, if changed since last report

NOT APPLICABLE

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	1,327,088,964

11. Indicate the item numbers reported herein

NA

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.

IRC Properties, Inc.IRC

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
Issuance of Shares for Sigma Epsilon Fund Ltd. last December 27, 2016.
Background/Description of the Disclosure
As disclosed last February 26, 2016 that on February 4, 2016 the Board of Directors approved the subscription of 200,000,000 common shares by Sigma Epsilon Fund LTD. These (200,000,000) shares were issued last December 27, 2016.

Change(s) in Number of Issued and Outstanding Shares

Issued Shares

Type of Security /Stock Symbol	Before	After
COMMON	1,127,088,978	1,327,088,978

Outstanding Shares

Type of Security /Stock Symbol	Before	After
COMMON	1,127,088,964	1,327,088,964

Other Changes, if any

In percent	Before	After
Public float	85.65	72.74
Foreign Ownership level	14.35	27.26