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 15, 2018

2. SEC Identification Number

ASO94-039

3. BIR Tax Identification No.

003-871-592

4. Exact name of issuer as specified in its charter

Global Ferronickel Holdings, Inc.

5. Province, country or other jurisdiction of incorporation

Makati, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

7F Corporate Business Center, 151 Paseo de Roxas cor. Arnaiz St. Makati City Postal Code 1228

8. Issuer's telephone number, including area code

(02) 519 7888

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

not applicable

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	2,334,640,312

11. Indicate the item numbers reported herein

9

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.

Global Ferronickel Holdings, Inc.FNI

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Global Ferronickel Holdings, Inc. Declares Property Dividends
Background/Description of the Disclosure
Manila, Philippines/ March 15, 2018. Global Ferronickel Holdings, Inc. (PSE: FNI) announced that its Board of Directors has approved a property dividend that entitles a shareholder to 1 listed treasury share for every 17 shares in FNI. The dividend is payable 15 trading days after SEC approval to shareholders of record by April 2, 2018. FNI President Atty. Dante R. Bravo stated: “Instead of a dividend payable in cash, the Company is paying dividends this year in the form of additional stock in FNI to shareholders. This property dividend demonstrates the commitment of the Company’s Board of Directors and Management to enhance shareholder value and reward long-term shareholders with an option for long-term capital appreciation or cash if they chose to sell the stock. It reflects our confidence in the strength of the Company’s future prospects. We will also continue to implement our Share Buyback Program. We expect the Company will have adequate cash flow to support this initiative.” As of December 31, 2017, FNI repurchased a total of 368.9 million shares of common stock at a total cost of P982.3 million at an average price of P2.66 per share pursuant to its Share Buyback Program which was approved by the Board of Directors on June 29, 2016. The Company is allowed to buyback up to ten percent (10%) of the total outstanding shares of the Company or equivalent to 582.2 million common shares. As at March 14, 2018, about 182.4 million shares remain available in the Company’s approved Share Buyback Program. ### For further information, please contact: [email protected]
Other Relevant Information
Attached Press Release