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 22, 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 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Amendment of the Articles of Incorporation to increase the authorized capital stock of the Corporation
Background/Description of the Disclosure
Amendment of the Seventh Article of the Articles of Incorporation to increase the authorized capital stock of the Corporation by up to P5,552,500,000.00 from PhP1,550,000,000.00.

Date of Approval by Board of Directors	Apr 21, 2017
Date of Approval by Stockholders	TBA
Other Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article No.	From	To
Seventh Article	“SEVENTH: That the authorized capital stock of the Corporation is ONE BILLION FIVE HUNDRED FIFTY MILLION PESOS (PhP1,550,000,000.00), in lawful money of the Philippines, divided into ONE BILLION FIVE HUNDRED FIFTY MILLION (1,550,000,000.00) common shares with a par value of ONE PESO (P1.00) each.”	“SEVENTH: That the authorized capital stock of the Corporation is FIVE BILLION FIVE HUNDRED FIFTY TWO MILLION FIVE HUNDRED THOUSAND PESOS (PhP5,552,500,000.00), in lawful money of the Philippines, divided into FIVE BILLION FIVE HUNDRED FIFTY TWO MILLION FIVE HUNDRED THOUSAND (5,552,500,000.00) common shares with a par value of ONE PESO (P1.00) each.” *

Rationale for the amendment(s)
The increase in the authorized capital stock is intended to support the capital raising exercise to be undertaken by the Company in support of the growth and strategic initiatives of the Company which will include, among others, its business diversification plans to engage in property related investments and businesses.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	TBA
Expected date of SEC approval of the Amended Articles of Incorporation	TBA

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
The increase in authorized capital stock will enable the Corporation to raise additional equity capital in support of its growth and strategic initiatives.
Other Relevant Information
NOTE: Please be informed that figure indicated in the Amendment to the Seventh Article above pertains to the maximum increase in the amount of authorized capital stock that may be considered and that the approval of the stockholders shall be obtained for: (i) the delegation to the Board of Directors of the power and authority to: (a) determine the manner (either in one or more tranches) by which the proposed increase in the authorized capital stock of the Corporation will be implemented; and (b) the manner by which the increase in the authorized capital stock will be subscribed and paid for, such as, but not limited to, a stock rights offering, private placement transaction or public offering; and (ii) the delegation to the Board of Directors of the authority to file such applications and submit such documents with the Securities and Exchange Commission and other government agencies, as may be necessary to increase the authorize capital stock of the Corporation and amend the articles of incorporation of the Corporation.