C05827-2017

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. Date of Report (Date of earliest event reported)
Sep 26, 2017
2. SEC Identification Number
A199813754
3. BIR Tax Identification No.
201-277-095
4. Exact name of issuer as specified in its charter
Puregold Price Club, Inc.
5. Province, country or other jurisdiction of incorporation
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
No. 900 Romualdez St., Paco, Manila Postal Code 1007
8. Issuer's telephone number, including area code
(632) 522-8801 to 04
9. Former name or former address, if changed since last report
None
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 2,765,381,406
11. Indicate the item numbers reported herein
Other Matters

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.

Puregold Price Club, Inc.PGOLD

PSE Disclosure Form 4-1 - Acquisition or Disposition of Assets References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Puregold acquires five (5) stores in Roxas City.

Background/Description of the Disclosure

Puregold acquires B&W, Black and White and Goodshop stores in Roxas City.

Date of Approval by
Board of Directors
N/A
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

The acquisition is expected to bolster Puregold's store presence in Western Visayas Region.

Details of the acquisition or disposition
Date Sep 26, 2017
Description of the Transaction

Puregold acquires five (5) stores in Roxas City, Capiz including leasehold rights, trade names, inventory, furniture, fixtures, equipment and properties.

Manner

Acquisition of leasehold rights, trade names, inventory, furniture, fixtures, equipment and properties of B&W, Black and White and Goodshop stores in Roxas City.

Description of the assets involved

Five (5) supermarket stores located in Roxas City including leasehold rights, trade names, inventory, furniture, fixtures, equipment and properties.

Terms and conditions of the transaction
Nature and amount of consideration given or received

Amount is below 10% of total book value of the Company.

Principle followed in determining the amount of consideration

Based on projected revenue and net income.

Terms of payment

One time cash payment.

Conditions precedent to closing of the transaction, if any

None

Any other salient terms

None

Identity of the person(s) from whom the assets were acquired or to whom they were sold
Name Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Jovita Apaitan None
Leny Albert Apaitan None
Helen Tan To None
Janyn Apaitan-Bermudez None
Gene Tan None
Ellen Apaitan None
Effect(s) on the business, financial condition and operations of the Issuer, if any

With this acquisition, Puregold will have 6 stores in the Panay province and 11 stores in the Negros province for a total of 17 stores in Visayas region. This will give Puregold a total of 313 Puregold stores nationwide.

Puregold expects the purchase to bolster its store presence in the Western Visayas Region.

Other Relevant Information

None.

If the transaction being reported is an acquisition, kindly submit the following additional information:
Source(s) of funds

Cash position.

If any asset so acquired by the issuer or its subsidiaries constituted plant, equipment or other physical property, state the nature of the business in which the assets were used by the persons from whom acquired and whether the issuer intends to continue such use or intends to devote the assets to other purposes, indicating such other purposes

The assets acquired from the sellers were used in their supermarket operations in Roxas City and the issuer intends to continue said operations under the Puregold brand.

Filed on behalf by:
Name Candy Dacanay-Datuon
Designation Corporate Secretary