C04313-2018

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 22, 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 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Results of the Annual Shareholders' Meeting held on 22 June 2018.
Background/Description of the Disclosure

In the Annual Shareholders’ Meeting of SBS Philippines Corporation (the “Corporation”) held on 22 June 2018, the shareholders, representing at least 94.95% of the outstanding and voting capital stock of SBS Philippines Corporation, passed and approved the following matters:

1. Approval of the minutes of the previous Annual Stockholders Meeting.

2. Approval of the 2017 Audited Consolidated Financial Statements

3. Ratification of all acts of the Board of Directors and Management from the date of the last annual stockholders’ meeting (ASM) held on 9 June 2017 until present date.

4. Approval of the re-appointment of Punongbayan & Araullo as the Corporation’s Independent Auditors for financial year 2018 and to delegate to the Board the authority to fix their remuneration;

5. Approval of the election of the following members of the Board to serve for the term 2018-2019;

1. Mr. Necisto U. Sytengco
2. Mr. Gerry D. Tan
3. Mr. Esmeraldo A. Tepace
4. Ms. Aylene Y. Sytengco
5. Mr. Necisto Y. Sytengco II
6. Mr. Ricardo Nicanor N. Jacinto

And as Independent Directors:
7. Mr. Roberto Anonas Jr.
8. Ms. Lilian S. Linsangan
9. Mr. Geocel D. Olanday
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
NECISTO U. SYTENGCO 73,031,571 570,711,126 Held by members of immediate family sharing the same household and by companies of which the director is a controlling shareholder
GERRY D. TAN 32,291 0 N/A
ESMERALDO A. TEPACE 233,016 0 N/A
AYLENE Y. SYTENGCO 10,662,441 98,651,119 Held by members of immediate family sharing the same household and by a company of which the director is a controlling shareholder
NECISTO Y. SYTENGCO II 5,367,629 12,544,041 Held by members of immediate family sharing the same household and by a company of which the director is a controlling shareholder
RICARDO NICANOR N. JACINTO 64,583 0 N/A
LILIAN S. LINSANGAN 64,584 0 N/A
ROBERTO F. ANONAS JR. 1,241 0 N/A
GEOCEL D. OLANDAY 1,000 0 N/A
External auditor PUNONGBAYAN & ARAULLO
List of other material resolutions, transactions and corporate actions approved by the stockholders

N/A
Other Relevant Information

In compliance with the provision of SRC Rule 17.1(iii), pursuant to Item 4 of SEC Form 17-C which provides that:
(i) If a director or officer who has died, resigned, or been removed has been replaced by the issuer or elected at any meeting of the shareholders, it shall state the name of the appointee or electee, the office to be held by such person, the date of such appointment or election including the qualification and business experience for the last five years of such person.”
Below is the educational achievement and business experience of the newly elected Director, Mr. Geocel D. Olanday:
Mr. Geocel D. Olanday is a CPA and holds a Masters in Business Administration from University of the Philippines. He is a UP Business Administration & Accountancy graduate. He has extensive general management experience with strong Functional Expertise in Strategic Marketing, Advertising, Finance and Business Development and Industry expertise in Fast Moving Consumer Goods, Commercial and Residential Real Estate, Retail, Construction and Healthcare. He was a Management Consultant of Globalland Property Management, Inc., Environet Products & Systems, Solerex Water Systems, MCI Express Inc., and Georgia School System. He also served as the Chief Operating Officer of Habitat for Humanity, Philippines and Moldex Realty, Inc., MGS Construction & Products Group, Golden Haven Memorial Parks, Southwell Waterworks, CMP homes, Capitol Securities. He also served as the President of Manuela Corp. (now Starmall Inc.,), and Citibank Securities, Inc. Mr. Olanday has experience as Vice President - Treasury for Citibank NA and Vice President for Marketing of Diners Card. He is currently serving as a Director in Star 8 Green Tech (PH) Ltd, HK and Mindoro Resources Ltd, and CEO & Chief Advisor of Amaris Global LTD (HK) Advisory Services.
Filed on behalf by:
Name Gerry Tan
Designation President and CEO