C02341-2018

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)
Apr 12, 2018
2. SEC Identification Number
069039274
3. BIR Tax Identification No.
000506020
4. Exact name of issuer as specified in its charter
PHINMA Energy Corporation
5. Province, country or other jurisdiction of incorporation
Makati City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Level 11 Phinma Plaza 39 Plaza Drive, Rockwell Center, Makati City Postal Code 1200
8. Issuer's telephone number, including area code
632 8700 100
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 4,889,774,922
Amount of Debt Outstanding (in billions) 7
11. Indicate the item numbers reported herein
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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.

PHINMA Energy CorporationPHEN

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

Clarification of Business Mirror (Internet Edition) news article on PHINMA Energy Corporation's new project

Source Business Mirror (Internet Edition)
Subject of News Report "Phinma enters fuel-supply business"
Date of Publication Apr 11, 2018
Clarification of News Report

This is in reply to your request for clarification of the news article that appeared in the April 11, 2018 issue of Business Mirror (Internet Edition) titled “Phinma enters fuel-supply business,” which states in part that:


“PHINMA Energy Corp. is going into the fuel-supply business that will primarily serve the requirements of its energy arm.

During the company’s stockholders’ meeting on Wednesday, Phinma announced that its subsidiary, One Subic Oil Distribution Corp., will enter the fuel- supply business as a means of mitigating the domestic fuel-supply risk.

The entry into this business will provide the company with an immediate diversification platform. In the future, Phinma President Francisco Viray said the company ‘will exploit opportunities along the value chain.’

At end-2017, One Subic Oil completed commercial and technical analysis of this new business venture. It is currently securing the permits necessary to initiate the short construction period for the required facility.

Viray said the business will be operational within the year.

‘We are just waiting for the necessary permits from Subic Bay Metropolitan Authority. But it will be this year,’ he added.

The facility will initially be able to accommodate 16 million liters of fuel. Phinma’s energy requirements to fuel some of its peaking plants is estimated to use up 50 million liters. These include the plants of CIP II Power Corp., Phinma Power Generation Corp., One Subic Power Generation Corp. and power barges 101 and 102.

. . . .”


We confirm the accuracy of the news report. We will advise the Exchange promptly of any developments in the project as applicable.

Thank you.

Other Relevant Information

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Filed on behalf by:
Name Cecille Arenillo
Designation Compliance Officer