C01325-2018

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)
Mar 1, 2018
2. SEC Identification Number
AS094-000088
3. BIR Tax Identification No.
003-058-789
4. Exact name of issuer as specified in its charter
SM PRIME HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor Mall of Asia Arena Annex Building, Coral Way cor. J.W. Diokno Blvd., Mall of Asia Complex, Brgy. 76, Zone 10, CBP-1A, Pasay City, Philippines Postal Code 1300
8. Issuer's telephone number, including area code
(632) 831-1000
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 STOCK, P1 PAR VALUE 28,879,231,694
11. Indicate the item numbers reported herein
ITEM # 9, LETTER B

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.

SM Prime Holdings, Inc.SMPH

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

News Clarification: “SM Prime may spend higher capex this year” posted in BusinessMirror (Internet Edition) on February 28, 2018 and “SM bags seafront property for P18B” posted in Inquirer.net today
Source BusinessMirror (Internet Edition) & Inquirer.net
Subject of News Report “SM Prime may spend higher capex this year” and “SM bags seafront property for P18B”
Date of Publication Mar 1, 2018
Clarification of News Report

March 1, 2018

The Philippine Stock Exchange, Inc.
3F Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue
Makati City

Attention of Mr. Jose Valeriano B. Zuño III
Head - Disclosure Department


Gentlemen:

This refers to the news articles entitled “SM Prime may spend higher capex this year” posted in BusinessMirror (Internet Edition) on February 28, 2018 and “SM bags seafront property for P18B” posted in Inquirer.net today. The articles reported in part that:

1. “SM Prime Holdings Inc. (SMPH), the shopping mall operator led by the Sy family, is increasing its capital expenditures (capex) this year to about P75 billion, mainly to buy its properties to expand its business all over the country.

Jeffrey C. Lim, the company’s president, said SMPH last year spent close to P65 billion. He added this year’s capex will be higher as the company expands its land bank.

Lim told reporters on Wednesday the company will open seven new malls and roll out from 12,000 units up to 15,000 units of residential units.

He added that the company will list its issued P20 billion bonds at the Philippine Dealing and Exchange Corp. within the week. However, the remaining P20 billion that it already registered with the Securities and Exchange Commission may be issued by next year.

‘We have no plans [of issuing bonds] this year,’ Lim said. ‘We can do it maybe next year.’

The new malls are mostly out of Metro Manila, while we will build one mall in China by the end of the year, he added.

Other than in China, the company has no other investments overseas, Lim said.

Nonetheless, SM Prime is now looking at other territories, he added.

‘Vietnam is one, probably [building] mall and residential, but it is still in exploratory stage,’ Lim said. I think that’s [joint venture] the better option for us.’

He explained the company sees the Vietnam market as ‘okay.’

. . . .”

2. “The SM group has sealed a deal to buy a seafront property situated between its sprawling Mall of Asia shopping complex and the Solaire Resort and Casino from UK-based investment fund Ashmore and its local partner Eric Recto.

The transaction—worth at least P18 billion, or P180,000 per square meter for the 10-hectare prime parcel of reclaimed land —will give the real estate giant additional space on which to build residential condominium towers under the SMDC brand.

. . . .”


We confirm the veracity of the above-quoted news articles; however, we would like to clarify the following:

• SMPH’s capital expenditures last year was P58 billion;
• The remaining balance of SMPH retail bonds previously registered with the Securities and Exchange Commission is P10 billion which may be issued next year; and
• The SM group did not acquire the seafront property situated between Mall of Asia shopping complex and the Solaire Resort and Casino from UK-based investment fund Ashmore and its local partner Eric Recto.


Very truly yours,




TERESA CECILIA H. REYES
Vice President – Finance
Other Relevant Information

N/A
Filed on behalf by:
Name Diana Inderio
Designation Assistant Manager