San Miguel : SMC-Use of Proceeds

108312016001624

SECBuilding,EDSA,Greenhills,MandaluyongCity,MetroManila,Phili ppines Tel:(632)726-0931to 39Fax:(632) 725-5293 Email:mis@sec.gov.ph

Receipt Date and Time : August 31, 2016 03:20:42 PM

Received From

: Head Office

Company Representative Doc Source

Company Information

SEC Registration No. PW00000277 Company Name SAN MIGUEL CORP. Industry Classification

Company Type Stock Corporation

Document ID Document Type Document Code Period Covered No. of Days Late Department Remarks

108312016001624

17-C (FORM 11-C:CURRENT DISCL/RPT)

17-C

August 31, 2016

0

CFO

C O V E R S H E E T

S. E. C. Registration Number

I M l t ! G l u I E I L I

(Company's Full Name)

(Business Address : No.Street C1ty/Town/Prov1nce)

I Atty. Mary Rose S. Tan

Contact Person

(632) 632-3000

Company Telephone Number

SEC FORM 2"d Tuesday of June

1 1 1 2

Month

I 3 1 1

Day

1 1 I 1 1 - I c I

FORM TYPE

I I I I I I

Month Day

Annual Meeting

L L------'--1

Secondary License Type,If Applicable

Dept.Requiring this Doc. Amended Articles Number/Section

Tota l Amount of Borrowings

. _

JI LI __ J

Total No. of Stockholders

Domestic Foreign

----------------------·-·· --------·-------------·----·--------------------·--·· --···· ------------------,-----------------

To be accomplished by SEC Personnel concerned

I I I I I I I I I I I

File Number LCU

I I I I I I I I I I I

Document I. D. Cashier

S T A M P S

Remarks = pis.Use black ink for scanning purposes

Date of Report (Date of earliest event reported)

2. SEC Identificat ion No. PW 00000277

3. BIR Tax Identification No.000-060-741-000

4. SAN MIGUEL CORPORATION

Exact name of registrant as specified in its charter

5. Philippines

(Province, country or other jurisdiction of Incorporation)

6. (SEC Use Only)

Industry Classification Code

(Address of principal office)

1550

(Postal Code)

8. (632) 632-3000

(Registrant's telephone number, including area code)

1. N/A

   (Former name or former address, if change since last report)

   The Registrant has not changed its address since its last report to this Honorable Commission.

2. Securities registered pursuant to Sections 8 and 12 of SRC

   Title of Each Class Number of Outstanding Common and Preferred Shares

   as of July 31, 2016

   Common Shares	2,380,187,437
   Series "1" Preferred Shares Series "2" Preferred Shares	279,406,667
   Subseries B	90,428,200
   Subseries C	255,559,400
   Subseries D	89,333,400
   Subseries E	134,000,100
   Subseries F	223,333,500
   Subseries G	66,666,600
   Subseries H	164,000,000
   Subseries I	169,333,400
   TOTAL	3,852,248,704

   2

3. Indicate the item numbers reported herein: Item 9

4. The follow i ng table details the computat i on of net proceeds of the Offering of the Series "2" Preferred Shares, Subseries G, H and I (the "Offering").

   Gross Proceeds	Plhp 30,000,000,000.00
   Exoenses related to the Offerina1	Php 278,872,944.98
   Net Proceeds	Php29,721,127,055.02

5. The follow1i ng are the additi onal disbursements of the Company from the net proceeds of t he Offering.

Date of Use of Proceeds Details Amount in Php Disbursement

26 August 2016 Investment Additional investment in San Miguel 217,500,000.00

Holdings Corp. for investment in Trans Aire Development Holdings Corp.. the concess ion holder of the Boracay Airoort oroiect

26 August 2016 Investment Additional investment in San Miguel 85,000,000.00

Holdinqs Coro.

TOTAL DISBURSEMENTS IN THIS 302,500,000.00

REPORT

TOTAL DISBURSEMENTS TO 17,406,155,167.60

DATE

BALANCE OF PROCEEDS 12,314,971,887.42

[End]

Pursuant to the requirements of the Securities Regulation Code, the registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SAN MIGUEL CORPORATION

By:

Mal::::1:ran

Assistant Corporate Secretary

August 31, 2016

I

lnclushle of lodgement fee , initial SECfili ngfees , PSE listingfee, documentary stamp taxes paid by the Company

on the issuance of the Offer Shares, legal and professio nalfees, fees to thejoint lead underwriters and bookrunners, and other expenses (including cost of printing theprospectus).