CR01770-2017

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Petron Corporation PCOR

PSE Disclosure Form 17-18 - Other SEC Forms/Reports/Requirements

Form/Report Type

Certification of Independent Directors

Report Period/Report Date

Mar 31, 2017

Description of the Disclosure

Please see attached letter dated March 31, 2017, together with the Certification of Independent Director filed by each of the independent directors of the Company with the Securities and Exchange Commission on March 30, 2017.

Filed on behalf by:

Name

Jhoanna Jasmine Javier-Elacio

Designation

Legal Manager and Assistant Corporate Secretary

March 31, 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:

Please find attached copies of the Certification of Independent Director each filed with the Securities and Exchange Commission by Messrs. Reynaldo G. David, Artemio V. Panganiban and Margarito B. Teves on March 30, 2017.

Very truly yours,

JOEL ANGELO C. CRUZ

VP - General Counsel & Corporate Secretary

C O V E R S H E E T

p E I T R 0 N

c 0 R p o ! R A T 0 N

S. E. C. Registration Number

I

I

(Company's Ful Name)

I M I I I G I U I E I L I I A I V I E. I I M I A I N I D I A I L I U I Y I O I N I G I I C I I T I y I I I I

( Business Adress: No. Street City I Town I Province )

ATTY. JOEL ANGELO C. CRUZ

Contact Person

886-3888

Company Telephone Number

I 2 3 I

Month Day

Fiscal Year

CERTIFICATION OF INDEPENDENT DIRECTOR

FORM TYPE

o I s 1 6

Month Day Annual Meeting

(for 2017)

Certificates of Permit to Offer Securities for Sale dated 1994, 1995,1996, 2010, 2014 and 2016

Secondary License Type,if Applicable

Dept. Requiring this Doc.

NIA

Amended Articles Number/Section

Total Amount of Debt Outstanding: P230,073 Milli on (as of December 31,2016-CONSO)

1•8.293 (as of December 31,2016)

TotalNo. of Stockholders Domestic Foreign

To be accomplished by SEC Personnel concerned

Fiscal Numer LCU

Document I. D. Cashier

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CERTIFICATION OF INDEPENDENT DIR, .__MAR . , ._j

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I, REYNALDO G. DAVID, Filipino, of legal age, and a resi'a-e11t-of ..ijo/ :. · '. Na·......,.......u.u..s

South Forbes Park, Makati City,after having been duly sworn to in accord ce with law do hereby declare that:

  1. I am a nominee for independent director of Petron Corporat ion and have been its independent director since May 12, 2009.

  1. Iam affiliated with the following companies or organizations:

    Company/Organizat ion

    Position/Relationship

    Period of Service

    San MiguelCorporation

    Independent Director

    June 14, 2016 to present

  2. I possess all the qualifications and none of the disqualifications to serve as an Independent Director of Petron Corporation, as provided for in Section 38 of the Securities Regulation Code and its implementing rules and regulations and other issuances of the Securities and Exchange Commission ("SEC").

  3. I am related to the following director/officer/substantial shareholder of Petron Corporation and its subsidiaries and affiliates other than the relationship provided under Rule 38.2.3 of the Securities Regulation Code:

    Name of Director/Officer/ Substantial Shareholder

    Company

    Nature of Relationship

    San Miguel Corporation

    San Miguel Corporation

    Independent Director

  4. I disclose that I am the subject of the following criminal/administr ative investigation or proceeding:

Offense Charged/ Investigated

Tribunal or Agency Involved

Status

Violation of Section 3(e) of

R.A. 3019, as amended

Sandiganbayan Supreme Court

Case before Sandiganbayan

dismissed. Appeal pending with the Supreme Court.

Petition for the Issuance of Freeze Order

Court of Appeals Supreme Court

Petition before Court of Appeals dismissed. Appea l pending w ith the Supreme Court

Queries regarding Philex Mining Corporation

Securities and Exchange Commision

Comment submitted

Petron Corporation published this content on 31 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 March 2017 05:59:11 UTC.

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