C02762-2018

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

Subject of the Disclosure

SM Prime to spend PHP80 Billion on Integrated Property Projects this 2018
Background/Description of the Disclosure

(24 April 2018, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, has earmarked PHP80 billion this year to support the growth of its key businesses in the country. The capital expenditure will be allocated to reach key provincial cities which demonstrated promising economic progress and for the expansion of the Company’s other businesses.

“The Philippines is projected to register one of the fastest economic growth in South East Asia and this will definitely benefit key cities all over the country,” SM Prime President Jeffrey C. Lim said. “We want to take advantage of the fast growing provincial areas in the Philippines with increasing urbanization and commercialization stemming not only from robust domestic demand but also from increasing investments in the country,” Lim added.

SM Prime has already opened SM Center Imus in Cavite last February, and is scheduled to open SM City Urdaneta Central in Pangasinan and SM City Telabastagan in Pampanga in the first half of 2018.

SM Prime, through SM Development Corporation (SMDC), targets to launch at least 15,000 residential units this year. The Company will continue to develop high-rise building projects as these attract great number of urban dwellers and start-up families. The Company will also expand its mid-rise building and single-detached house and lot projects to address a larger share of the broad housing demand across all segments.

SM Prime will also open this year its third office building in the Mall of Asia Complex, the ThreeE-Com Center, as well as expand the Park Inn Hotel in Clark, Pampanga.

During its Annual Stockholders’ Meeting, SM Prime declared a regular cash dividend of PHP0.30 and special cash dividend of PHP0.05 per share amounting to approximately PHP10 billion to all stockholders of record as of May 9, 2018 and payable on May 23, 2018. This is equivalent to a 39% payout of last year’s net income.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.
Other Relevant Information

For further information, please contact:
Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: [email protected]
Tel. no.: +632 862 7940
Filed on behalf by:
Name Alexander Pomento
Designation Vice President