C02506-2018

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 13, 2018
2. SEC Identification Number
CS200319138
3. BIR Tax Identification No.
227-409-243-000
4. Exact name of issuer as specified in its charter
ALLIANCE SELECT FOODS INTERNATIONAL, INC.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Suite 1206, East Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City Postal Code 1605
8. Issuer's telephone number, including area code
(632) 635-5241 to 44
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 2,499,712,463
11. Indicate the item numbers reported herein
Item No. 4 - Resignation, Removal, or Election of Registrant's Directors or Officers

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.

Alliance Select Foods International, Inc.FOOD

PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Amendment of the Articles of Incorporation

Background/Description of the Disclosure

The Board of Directors approved the amendment of Article Seventh of the Company’s Articles of Incorporation to reduce the par value of common shares of the Company from One Peso (P1.00) per share to Fifty Centavos (P0.50) per share, and the resulting decrease of the Company’s Authorized Capital Stock a from Three Billion Pesos (P3,000,000,000.00) divided into Three Billion (3,000,000,000) common shares with par value of One Peso (P1.00) each to One Billion Five Hundred Million Pesos (P1,500,000,000.00) divided into Three Billion (3,000,000,000) common shares with par value of Fifty Centavos (P0.50) each.

Date of Approval by
Board of Directors
Jul 20, 2017
Date of Approval by Stockholders Sep 7, 2017
Other Relevant Regulatory Agency, if applicable n.a.
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Date of Approval by Securities and Exchange Commission Mar 23, 2018
Date of Receipt of SEC approval Mar 27, 2018
Amendment(s)
Article No. From To
Article 7 That the authorized capital stock of the corporation is Three Billion Pesos (3,000,000,000) in lawful money of the Philippines, divided into Three Billion shares, with the par value of One Pesos (P1.00) per share. That the authorized capital stock of the corporation is One Billion Five Hundred Million Pesos (1,500,000,000) in lawful money of the Philippines, divided into Three Billion shares, with the par value of Fifty Centavos (P0.50) per share.
Rationale for the amendment(s)

The Board approved the Company’s equity restructuring plan to reduce the par value of the shares of stock of the Company and to apply the resulting additional paid-in capital to eliminate its accumulated deficit. Accordingly, this will allow the Company to declare dividends to shareholders from its unrestricted retained earnings that will be generated subsequent to the equity restructuring.

The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC Sep 15, 2017
Expected date of SEC approval of the Amended Articles of Incorporation Mar 23, 2018
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

The equity restructuring will not reduce the number of outstanding shares and will not change a stockholder’s ownership interest in the Company.

Other Relevant Information

This disclosure was amended on April 13, 2018 to update the date to as when FOOD will provide the complete details on the Procedure for Updating Stock Certificates from April 13, 2018 to April 20, 2018.

Filed on behalf by:
Name Ma. Kristina Ambrocio
Designation Vice President, Head of Legal, Compliance Officer and Assistant Corporate Secretary