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)

Jun 22, 2017

2. SEC Identification Number

A200110402

3. BIR Tax Identification No.

213-054-503

4. Exact name of issuer as specified in its charter

SBS PHILIPPINES CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, QUEZON CITY Postal Code 1105

8. Issuer's telephone number, including area code

(02) 371 1111

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 SHARES	1,169,040,400

11. Indicate the item numbers reported herein

Item 9: Other Events

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.

SBS Philippines CorporationSBS

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Approval by the Company's Board of Directors of the sale of its treasury shares to a substantial shareholder
Background/Description of the Disclosure
In its special meeting held on 22 June 2017, the Board of Directors approved the sale of 30,959,600 common shares held in treasury to the Company's parent company, Anesy Holdings Corporation by way of a block sale to be executed upon approval of the Exchange.. The shares will be sold by way of a block sale through the facilities of the Exchange at an agreed negotiated price of P6.50 per share. The price represents a premium of 2.85% from its last traded price of P6.32 as of June 22, 2017 and 2.05% premium over the 5-day volume weighted average price (VWAP) from June 21, 2017 of P 6.3696 and will result in some gain over its acquisition costs. The proceeds from the sale will be used for general corporate purposes and capital expenditures. The treasury share to be sold represents a 2.58% shareholding interests in the Company. .
Other Relevant Information
None