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)

Sep 14, 2022

2. SEC Identification Number

16342

3. BIR Tax Identification No.

000-169-020-000

4. Exact name of issuer as specified in its charter

SM Investments Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10th Floor, One E-com Center, Harbour Drive, Mall of Asia Complex, Pasay City Postal Code 1300

8. Issuer's telephone number, including area code

(632) 8857-0105

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	1,222,023,358

11. Indicate the item numbers reported herein

Item 9

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 Investments CorporationSM

PSE Disclosure Form 4-11 - Change in Number of Issued and Outstanding Shares References: Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Change in Number of Issued and Outstanding Shares
Background/Description of the Disclosure
Ladies and Gentlemen: Please be informed of the change in the number of issued and outstanding shares of SM Investments Corporation (“SMIC”) which represents (i) the original issuance of 21,531,471 common shares pursuant to the Merger of SMIC and Allfirst Equity Holdings, Inc., with SMIC as the surviving entity, which took effect on August 1, 2022 (the “Merger”), and (ii) the original issuance of 240 common shares which are the aggregate of unissued fractional shares that arose from SMIC’s increase in capital stock and 50% stock dividend declaration in 2016. These 240 fractional shares were issued on August 3, 2022 to comply with the directive of the Securities and Exchange Commission in relation to the Merger. Of the 21,531,711 common shares issued, 4,091,220 common shares, consisting of 4,090,980 common shares issued to SMIC pursuant to the Merger and the 240 common shares, aggregate fractional shares, are recognized as treasury shares in the books of SMIC. Kindly note that the Before figures used in the “Other Changes, if any” portion of the template are as of July 31, 2022. Thank you.

Change(s) in Number of Issued and Outstanding Shares

Issued Shares

Type of Security /Stock Symbol	Before	After
Common Shares/SM	1,204,582,867	1,226,114,578

Outstanding Shares

Type of Security /Stock Symbol	Before	After
Common Shares/SM	1,204,582,867	1,222,023,358

Other Changes, if any

In percent	Before	After
Public float	48.22	47.53
Foreign Ownership level	32.85	32.38