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 26, 2018

2. SEC Identification Number

A199813754

3. BIR Tax Identification No.

201277095

4. Exact name of issuer as specified in its charter

Puregold Price Club

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

No. 900 Romualdez St., Paco, Manila Postal Code 1007

8. Issuer's telephone number, including area code

522-8801 to 04

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

None

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 share	2,765,381,406

11. Indicate the item numbers reported herein

Other matters

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.

Puregold Price Club, Inc.PGOLD

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 News Reports

Source	Manilastandard.net
Subject of News Report	News Report entitled, "Puregold allots P3.7 billion to finance expansion"
Date of Publication	Apr 24, 2018

Clarification of News Report
We would like to confirm the news report issued in Manilastandard.net on April 24, 2018, quoted here below: “Puregold Price Club Inc. is accelerating its expansion this year with capital expenditures of P3.7 billion amid an anticipated slower net sales. Puregold said in a presentation during a recent investors’ briefing consolidated net sales would rise by 6 percent to 8 percent this year, slightly lower than the 10.6-percent growth registered in 2017. . . . . Puregold said it would allot P1 billion out of the P3.7-billion capital expenditures this year to build 25 stores, P1.5 billion for the two S&R stores, P200 million for 12 S&R quick service restaurants and P50 million for 10 Lawson stores. The company is spending P1.25 billion for IT system upgrade and and maintenance. Funding for this year’s capital expenditures will primarily come from internally generated cash and short-term loans, if necessary. Meanwhile, Puregold said the 6-percent to 8-percent increase in consolidated revenues this year woule (sic) be supported by the 2 percent to 4 percent same store sales growth, opening of new outlets and conversion of recently-acquired stores NE Bodega and Budgetlane supermarket. . . . .” However, for more accurate details, we would like to emphasize that Puregold is setting aside P250 million for IT upgrade and P700 million for store maintenance.
Other Relevant Information
None.