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.

SBS Philippines CorporationSBS

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

• Annual Report
• Quarterly Report
• OthersRe-appropriation of IPO Use of Proceeds

Subject of the Disclosure
Re-appropriation of IPO USOP
Background/Description of the Disclosure
With reference to the Initial Public Offering Use of Proceeds (“USOP”), SBS Philippines Corporation has previously re-allocated P104,600,000 to be used as Capex for the equipment and machinery of the Company. However, the Company wishes to re-appropriate said USOP, the balance of which is approximately PHP82M as of December 31, 2018, and re-allocate PHP80M to investment in affiliates. Thus, the Company through its board of Directors approved to amend the USOP and reallocated PHP80M to investment in affiliates, which will be used to partially support its additional subscription to its Affliliate, Smyte Phils. Holdings Corporation.
Other Relevant Information
n/a