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)

Nov 13, 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	1,247,999,999

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 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Update on the Revised Timetable for the Stock Rights Offering ("SRO")
Background/Description of the Disclosure
Amended timetable of the Offer Period and Listing Date for the SRO activities

Date of Approval by Board of Directors	Jul 14, 2017
Entitlement Ratio	One (1) RIght Share for every 4.1325 common shares held as of Record Date
Offer Price	PhP 4.67 per RIght Share
Number of Shares to be Offered	302,000,000
Ex-Rights Date	Nov 17, 2017
Record Date	Nov 22, 2017
Start of Offer Period	Dec 1, 2017
End of Offer Period	Dec 12, 2017

Use of Proceeds
The net proceeds from the Offer are estimated to be about P1.41 billion and will be used by the Company to (i) support the capital requirements of its subsidiary, SBS Holdings and Enterprises Corporation (PhP 1.2 billion) to pursue investment opportunities in property related assets and businesses and (ii) provide for general working capital requirements of the Company (PhP 210 million).
Other Relevant Information
This amends the Company Announcement under Circular No. C06845-2017 to further provide for the amended timetable for the Rights Offer activities. Specifically, the Offer Period which was previously set for November 27, 2017 to December 5, 2017 has been revised to cover the new Offer Period from December 1, 2017 to December 12, 2017 to allow the Company additional time to finalize the agreements and documents needed for the Rights Offer, cause the printing of the required copies of the Subscription Agreement forms and the Final Prospectus and complete their dissemination and delivery within the prescribed period. It will also provide the Company’s shareholders more time to consider and prepare for the Rights Offer. Corollary to this, the Listing Date is also changed from December 12, 2017 and reset for December 22, 2017. The final Offer Price is based on a 24% discount to the volume-weighted average price of the Company’s common shares on the PSE for the 15-day trading period immediately preceding the Pricing Date, or PhP 6.13 per share as of November 9, 2017.