Petron : 03 14 17 - Declaration of Cash Dividend (PRF2B) (2Q2017)

Ex-Date : Apr 07, 2017

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)

   Mar 14, 2017

2. SEC Identification Number

   31171

3. BIR Tax Identification No.

   000-168-801

4. Exact name of issuer as specified in its charter

   PETRON CORPORATION

5. Province, country or other jurisdiction of incorporation

   Philippines

6. Industry Classification Code(SEC Use Only)

   C01423-2017

7. Address of principal office

   San Miguel Head Office Complex, 40 San Miguel Avenue, Mandaluyong City

   Postal Code

   1550

8. Issuer's telephone number, including area code

   (63 2) 886-3888, 884-9200

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 (PCOR)	9,375,104,497
    PREFERRED SERIES 2A (PRF2A)	7,122,320
    PREFERRED SERIES 2B (PRF2B)	2,877,680
    PCOR SERIES A BONDS DUE 2021 (IN MILLIONS)	13,000
    PCOR SERIES B BONDS DUE 2023 (IN MILLIONS)	7,000

    TOTAL DEBT AS OF DECEMBER 31, 2016 (IN MILLIONS)

    206,208

11. Indicate the item numbers reported herein

    Item 9

    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.

    Petron Corporation PCOR

    PSE Disclosure Form 6-1 - Declaration of Cash 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 cash dividend for Series 2B preferred shares (PRF2B) for 2nd quarter of 2017.

    Background/Description of the Disclosure

    Declaration of cash dividend for Series 2B preferred shares (PRF2B) for 2nd quarter of 2017. Dividend declaration also covered cash dividend for the 3rd quarter of 2017 reported in separate PSE Disclosure Form 6-1.

    Type of Securities

    Common

    ✔

    Preferred

    Others

    PRF2B

    -

    Cash Dividend

    Date of Approval by Board of Directors	Mar 14, 2017
    Other Relevant Regulatory Agency, if applicable	N/A
    Date of Approval by Relevant Regulatory Agency, if applicable	N/A
    Type (Regular or Special)	Regular
    Amount of Cash Dividend Per Share	P17.14575
    Record Date	Apr 12, 2017
    Payment Date	May 3, 2017

    Source of Dividend Payment

    Unrestricted retained earnings as of December 31, 2016.

    Other Relevant Information

    Please see attached letter dated March 14, 2017.

    Filed on behalf by:

    Name	Jhoanna Jasmine Javier-Elacio
    Designation	Legal Manager and Assistant Corporate Secretary

    March 14, 2017

    PHILIPPINE STOCK EXCHANGE, INC.

    Disclosure Department

    3rd Floor, Philippine Stock Exchange Center Ayala Triangle, Ayala Avenue

    Makati City

    Attention: Mr. Jose Valeriano B. Zuño III

    OIC, Head, Disclosure Department

    PHILIPPINE DEALING & EXCHANGE CORP.

    37th Floor, Tower 1, The Enterprise Center 6766 Ayala Avenue cor. Paseo de Roxas Makati City

    Attention: Ms. Vina Vanessa S. Salonga

    Head - Issuer Compliance and Disclosure Department

    Gentlemen:

    The Board of Directors, during its Regular Board Meeting held today, approved the following items:

12. 2016 Audited Financial Statements of the Company showing that the Company posted a net income of P10.82 billion;

13. Endorsement of the re-appointment of R. G. Manabat & Co./KPMG as external auditor of the Company for 2017 at the annual stockholders' meeting scheduled on May 16, 2017;

14. Cash dividend of P0.10 per share for common shareholders with a record date of March 28, 2017 and payment date of April 12, 2017;

15. Cash dividend for the preferred shareholders with the following record and payment dates: