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) Jul 29, 20222. SEC Identification Number 1084763. BIR Tax Identification No. 000-390-189-0004. Exact name of issuer as specified in its charter Philippine Seven Corporation5. Province, country or other jurisdiction of incorporation PHILIPPINES6. Industry Classification Code(SEC Use Only) 7. Address of principal office 7th Floor, The Columbia Tower Ortigas Avenue, Mandaluyong City Postal Code15508. Issuer's telephone number, including area code (632) 8724-4441 to 539. Former name or former address, if changed since last report n / a10. 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
756,418,283
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.
Philippine Seven CorporationSEVN
PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarifications on news article of July 29, 2022
Source
BusinessWorld (Online Edition)
Subject of News Report
PHL Seven sets 2022 capex, plans to open more stores
Date of Publication
Jul 29, 2022
Clarification of News Report
July 29, 2022
PHILIPPINE STOCK EXCHANGE
9th Floor, PSE Tower, 28th St. corner 5th Ave.
Bonifacio Global City (BGC)
Taguig City
Attention : ALEXANDRA D. TOM WONG
Officer-in-Charge, Disclosure Department
Re : Clarifications on news article of July 29, 2022
Dear Ms. Tom Wong:
This is in response to your correspondence today, July 29, 2022, asking for confirmation of the veracity of information contained in the news article entitled "PHL Seven sets 2022 capex, plans to open more stores" posted in BusinessMirror (Online Edition) on July 29, 2022.
We refer to the portions of the article quoted in your correspondence as follows:
"Philippine Seven Corp., the owner of the license to operate 7-Eleven convenience stores in the country, said it will spend some P2 billion in capital expenditures (capex) this year, mainly to expand its footprint.
This year's capex is double the previous year's P1 billion.
Jose Victor P. Paterno, the company's president and CEO, said most of the expenditures will be used for the 300 additional stores that will be added to its network. About half of the additional stores would be company-owned and the other half would be franchised. Each store costs about P4 million.
. . . ."
We believe that we are in a better position to pursue our store expansion program, as the economy continues to re-open, and the new administration promises that no lockdown shall be mandated, in order for businesses to recover.
We confirm that the reported capital expenditure is correct, and we shall be utilizing the strength of our balance sheet to fund our market and product development plans for the medium term.
We hope that this response is sufficient to clarify the matter.
Thank you very much.
Very truly yours,
LAWRENCE M. DE LEON
Head of Finance and Investor Relations
Other Relevant Information
-
Filed on behalf by:
Name
Evelyn Enriquez
Designation
Corporate Secretary and Compliance Officer
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Philippine Seven Corporation published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 02:33:02 UTC.
Philippine Seven Corporation is a Philippines-based company, which operates 7-Eleven stores. The Company is primarily engaged in the business of retailing, merchandising, buying, selling, marketing, importing, exporting, franchising, acquiring, holding, distributing, warehousing, trading, exchanging or otherwise dealing in all kinds of grocery items, dry goods, food or foodstuff, beverages, drinks and all kinds of consumer needs or requirements and in connection therewith, operating or maintaining warehouses, storages, delivery vehicles and similar or incidental facilities. It is also engaged in the management, development, sale, exchange, and holding for investment or otherwise of real estate of all kinds, including buildings, houses and apartments and other structures. It sells its developed or own branded products or services under various trademarks, including Big Time Meals, Busog Meals, Chef Creations, Crunch Time, Hottarice and others.
PHILIPPINE SEVEN CORPORATION 
