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)

Dec 19, 2017

2. SEC Identification Number

A200110402

3. BIR Tax Identification No.

213-053-504

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 SHARE	1,247,999,999

11. Indicate the item numbers reported herein

Item 4 on resignation of officer and Item 9 on 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
Matters approved by the Board of Directors in its special meeting held on December 19, 2017
Background/Description of the Disclosure
In its special meeting held on December 19, 2017, the Board of Directors of the Company approved the following matters: 1. Payment of the balance of the subscription payable to the Company's wholly-owned subsidiary, SBS Holdings and Enterprises Corporation, in the amount of P774,687,500.00 following receipt of the proceeds of the stock rights offering ("SRO") upon completion of the listing of the SRO shares; 2. Additional share subscription in SBS Holdings and Enterprises Corporation of 425,312,500 common shares at a par value of P1.00 per share for a total par value of P425,312,500.00 following receipt of the proceeds from the stock rights offering ("SRO") upon completion of the listing of the SRO shares; 3. Further change in the use of the proceeds from the Initial Public Offering (IPO); 4. Additional capital infusion of P300 - P350 million by way of additional share subscription in the Company's subsidiary, Lence Holdings Corporation; 5. Acceptance of the resignation of Mr. Ned Bryan Y Sytengco, Vice President for Investments, with effect on January 2, 2018 as he will be seconded to work full time in the Company's subsidiary, SBS Holdings and Enterprises Corporation.
Other Relevant Information
none