Ex-Date : Jun 26, 2017



1. Date of Report (Date of earliest event reported)
Jun 23, 2017
2. SEC Identification Number
3. BIR Tax Identification No.
4. Exact name of issuer as specified in its charter
SBS Philippines Corporation
5. Province, country or other jurisdiction of incorporation
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
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 to be payable at the rate of One (1) common share for every twenty-five (25) common shares owned by shareholders as of record date (or approximately up to 48,000,000 Common Shares based on total outstanding shares as of June 23, 2017) with any resulting fractional shares to be dropped. The issuance of the stock dividends is an exempt transaction under Section 10.1(d) of the Securities Regulation Code, as amended and do not require any written confirmation of exemption from the SEC.

Type of Securities

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 : 48,000,000
To be taken from an increase in authorized capital stock
From: n/a


Number of Shares to be Issued : 0
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. C03658-2017 to provide for the revised approximate number of shares to be covered by the 4% stock dividend, following the increase of the number of outstanding shares to 1,200,000,000 on account of the sale of 30,959,600 treasury shares by the Company on June 23, 2017, and the exempt transaction status of the issuance of the stock dividends.

Filed on behalf by:
Name Sabrina Adamelle Poon-Sytengco
Designation Corporate Information Officer and Investor Relation Officer