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)

Jan 25, 2018

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	1,549,999,999

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 4-30 - 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
Matters approved by the Board of Directors in its regular meeting held on January 25, 2018
Background/Description of the Disclosure
In its regular meeting held on January 25, 2018, the Board of Directors of the Company considered and/or approved the following matters: 1 Approved the additional share subscription in Lence Holdings Corporation equivalent to a total of Fifty Two Million (52,000,000) unissued common shares of LHC at the Subscription Price of Six Pesos and 7625/10000 (PhP 6.7625) per share for a total consideration in cash of Three Hundred Fifty One Million Six Hundred Fifty Thousand Pesos (PhP 351,650,000.00) to be funded by the IPO proceeds to the extent of P350 million as earlier approved by the Board in its meeting of December 19, 2017 and the balance from internally generated funds of the Corporation. Other shareholders will also be subscribing to their proportionate share in the total share issue for the same subscription price of PhP 6.7625 per share. 2. Fixed the date of the next annual meeting of the shareholders for June 22, 2018 and the record date for shareholders entitled to notice of meeting and to attend and vote at the meeting for May 22, 2018 and the book closure period to cover from May 22, 2018 up to the date of meeting on June 22, 2018. The time, venue and agenda for the meeting to be fixed and announced at a later date. 3. Noted that the closing of the acquisition of the warehouse facility complex in Laguna by Lence Holdings Corporation from the Coca Cola Export Corporation- Philippine Branch and its related parties will be moved for February 9, 2018 instead of January 29, 2018 as earlier announced.
Other Relevant Information
Separate update will be provided to previous announcements issued about the above mentioned matters.