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 21, 2017

2. SEC Identification Number

A200110402

3. BIR Tax Identification No.

213-054-503

4. Exact name of issuer as specified in its charter

SBS PHILIPPINES CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, QUEZON CITY Postal Code 1105

8. Issuer's telephone number, including area code

(02) 371 1111

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

N/A

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	1,169,040,400

11. Indicate the item numbers reported herein

ITEM 9: OTHER EVENTS

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 4-30 - 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
Significant matters approved by the Board of Directors in its meeting of 21 April 2017
Background/Description of the Disclosure
In its meeting held today, 21 April 2017, the Board of Directors approved the following matters II. Postponement of the May 17, 2017 Annual Shareholders Meeting (ASM) and to re-schedule the ASM for June 9, 2017 at 3 pm to be held at the Quezon City Sports Club III. Change in the Record Date of Shareholders entitled to notice and to vote at the ASM from April 17, 2017 to May 17, 2017 and the Book Closure Period reset for May 17, 2017 to June 9, 2017 IV. Approval of the conduct of a Stock Rights Offering subject to the prior approval of the shareholders and relevant regulatory entities V. Revocation of the earlier approval for the conduct of a Follow On Offering V. Amendment of the Seventh Article of the Articles of Incorporation to increase the authorized capital stock of the Corporation from PhP1,550,000,000.00 to by up to PhP 5,552,500,000.00 VI. Re- approval and confirmation of the Stock Dividend Declaration
Other Relevant Information
None