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 20, 2021

2. SEC Identification Number

39121

3. BIR Tax Identification No.

000-141-527-000

4. Exact name of issuer as specified in its charter

PhilWeb Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

41st Floor, One San Miguel Avenue Condominium, San Miguel Avenue corner Shaw Boulevard, Ortigas Center, Pasig City, Philippines Postal Code 1605

8. Issuer's telephone number, including area code

632-82365577

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

-

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	1,435,776,680

11. Indicate the item numbers reported herein

-

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.

PhilWeb CorporationWEB

PSE Disclosure Form 4-20 - Reclassification of Shares References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Reclassification of Shares
Background/Description of the Disclosure
Reclassification of some unissued common shares to preferred shares

Date of Approval by Board of Directors	May 28, 2020
Date of Approval by Stockholders	Aug 12, 2020
Date of Approval by Securities and Exchange Commission	Apr 7, 2021

Reason or purpose of the reclassification of shares
The reclassification was approved in order for the Company to have flexibility in raising capital.

Effects on Capital Structure

Issued Shares

Type of Security/Stock Symbol	Before	After
common/WEB	1,517,157,618	1,517,157,618
preffered/WEB	0	0

Outstanding Shares

Type of Security/Stock Symbol	Before	After
common/WEB	1,435,776,680	1,435,776,680
preffered/WEB	0	0

Treasury Shares

Type of Security/Stock Symbol	Before	After
common/WEB	81,380,938	81,380,938
preferred/WEB	0	0

Listed Shares

Type of Security/Stock Symbol	Before	After
common/WEB	1,517,157,618	1,517,157,618
preffered/WEB	0	0

Procedure(s) for updating stock certificates

Details of Stock Transfer Agent

Name	-
Address	-
Contact Person	-

Inclusive dates when the old stock certificates can be replaced

Start Date	N/A
End Date	N/A

Documentary requirements

Individual Shareholders
-
Corporate Shareholders
-

Date of availability of new stock certificates	N/A

Procedures in case of lost stock certificates
-

Other Relevant Information
The Securities and Exchange Commission approved the change in Article 7 of the Articles of Incorporation which reclassified 750,000,000 unissued and unsubscribed common shares to preferred shares.