SBS APPROVES NEW PhP 200 MILLION SHARE BUYBACK PROGRAM

PSE / MEDIA RELEASE : Share Buyback Program

SBS Philippines Corporation (“the Company”) proudly announces that its Board of Directors approved a new share buyback program amounting to up to P200 million during its meeting on 11 April 2017. This new program replaces the previous mandate, which the Company has already fully expended.

Beginning on 18 April 2017, the Company will repurchase shares through the trading facilities of the Philippine Stock Exchange. The program will continue until the Company utilizes the entire earmarked amount.

The Company will finance the buyback using internally generated funds drawn from unrestricted retained earnings. This initiative will not impact ongoing or planned projects, nor will it alter the Company’s dividend policy. The Company will classify the repurchased shares as treasury shares.

Through this buyback program, the Company aims to enhance shareholder value, boost investor confidence, and reinforce the intrinsic value of its shares.