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)

Jun 9, 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 Matters

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 6-2 - Declaration of Stock Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Declaration of stock dividends by SBS Philippines Corporation
Background/Description of the Disclosure
In its meeting held on June 9, 2017, the shareholders representing at least 2/3 of the outstanding capital stock of the Corporation approved the declaration of stock dividends of up to approximately 46,761,616 common shares to be payable at the rate of One (1) common share for every twenty-five (25) common shares owned by shareholders, with any resulting fractional shares to be dropped.

Type of Securities

• Common
• Preferredn/a
• Othersn/a

Stock Dividend

Date of Approval by Board of Directors	Mar 28, 2017
Date of Approval by Stockholders	Jun 9, 2017
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	N/A
Stock Dividend Rate	4% stock dividend or 1 share for every 25 common shares owned by shareholder

Source of Dividend Payment
The stock dividends will be payable from the unrestricted retained earnings of the Corporation.

Source of Shares for Distribution	To be taken from the unissued capital stock Number of Shares to be Issued : 46,761,616 To be taken from an increase in authorized capital stock From: n/a To:n/a Number of Shares to be Issued : 0 Others: - Number of Shares to be Issued : 0
Record Date	Jun 29, 2017
Payment Date	Jul 17, 2017

Other Relevant Information

The stock dividend declared by the Board of Directors on March 28, 2017 was re-confirmed by the Board of Directors on April 21, 2017. In its meeting held on June 9, 2017 after the holding of the Annual Shareholders' Meeting, the Board of Directors approved to fix the record date for the stock dividends declared for June 29, 2017 and the payment date thereof for July 17, 2017. This amends the Company Announcement under Circular No. C03655-2017 to reflect the corrected report date of June 9, 2017 instead of March 9, 2017, the date of shareholder approval on June 9, 2017 instead of TBA, the date of Board re-confirmation of the dividend declaration to April 21, 2017 in lieu of May 11, 2017 and the non-requirement of the SEC prior approval of the dividend distribution. .