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)

May 17, 2017

2. SEC Identification Number

42020

3. BIR Tax Identification No.

047000526765

4. Exact name of issuer as specified in its charter

LMG CHEMICALS CORP.

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

851 A. Arnaiz Avenue, Legaspi Village, Makati City Postal Code 1229

8. Issuer's telephone number, including area code

8185206

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

n/a

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	193,644,204

11. Indicate the item numbers reported herein

DISPOSITION OF COMPANY'S SHARES

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.

LMG Chemicals CorporationLMG

PSE Disclosure Form 4-32 - Reply to Exchange's Query

Subject of the Disclosure
DISPOSITION OF COMPANY'S SHARES OF STOCKS
Description of the Disclosure
The Company was advised by its principal shareholder, Chemical Industries of the Philippines, Inc. (“Chemphil”), that on 16 May 2017 Chemphil entered into a Share Purchase Agreement with Newmanholdings, Inc. for the sale of Chemphil's 65.92% stake in the Company. The proportionate value of the said 65.92% is P397,033,746 or approximately P2.97 per share. The full payment shall be crossed at the PSE. Some of the conditions are timely lodge of the subject shares with Philippine Depository and Trust Corporation, completion of Mandatory Tender Offer report with the Securities & Exchange Commission and PSE, closing date is on June 30, 2017 or at such later date that the parties may agree upon, submission of original corporate secretary's certificate of the seller containing the resolutions or approval of its Board of Directors, sworn certification from the company's stock & transfer agent with respect to the stockholders' records and such other documents as may be reasonably required by the buyer. The address of the buyer is at Unit 3103A East Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City
Information Requested
Other information will be included in the mandatory Tender Offer report.