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 23, 2022

2. SEC Identification Number

A199701584

3. BIR Tax Identification No.

005-469-606

4. Exact name of issuer as specified in its charter

Philippine Business Bank, Inc., A Savings Bank

5. Province, country or other jurisdiction of incorporation

Caloocan

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

350 Rizal Avenue corner 8th Avenue Grace Park, Caloocan City Postal Code 1400

8. Issuer's telephone number, including area code

(02) 8363-3333

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

Not Applicable

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 Shares	643,750,094

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.

Philippine Business BankPBB

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Principal shareholders have subscribed to One Billion Two Hundred Fifty Million Pesos (Php 1,250,000,000.00) equivalent to 25% of the Php 5,000,000,000.00 increase in capital stock
Background/Description of the Disclosure
Pursuant to the approval of the Board of Directors and Stockholders to increase the capital stock of Philippine Business Bank (“PBB”) and to support the increase in authorized capital stock, the principal shareholders have subscribed to One Billion Two Hundred Fifty Million Pesos (Php 1,250,000,000.00) equivalent to 25% of the Php 5,000,000,000.00 increase in capital stock and have paid Three Hundred Twelve Million Five Hundred Thousand Pesos (P312,500,000.00), or 25% of the minimum paid-up capital increase requirement, which was lodged under deposit for future stock subscription. PBB had earlier announced its intention to conduct a Stock Rights Offering within the year. The principal shareholders are advancing their participation to the Stock Rights Offering by subscribing to the increase in authorized capital stock. Please note that the Rights Offer, the increase in the Company’s authorized capital stock, and the listing of the Rights Shares are each subject to regulatory approvals. PBB is hopeful that the amendment will be approved at the earliest possible time to allow the take-up during the Stock Rights Offering (inclusive of the above subscription) to be immediately available for listing.
Other Relevant Information
Please see attached 17C