C05602-2023

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 21, 2023
2. SEC Identification Number
108476
3. BIR Tax Identification No.
000-390-189-000
4. Exact name of issuer as specified in its charter
Philippine Seven Corporation
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7th Floor, The Columbia Tower Ortigas Avenue, Mandaluyong City Postal Code 1550
8. Issuer's telephone number, including area code
(632) 8724-4441 to 53
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 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 21, 2023
Source BusinessMirror (Online Edition)
Subject of News Report 7-11 operator to spend P4B
Date of Publication Jul 21, 2023
Clarification of News Report

July 21, 2023

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 21, 2023

Dear Ms. Tom Wong:

This is in response to your correspondence today, July 21, 2023, asking for confirmation of the veracity of information contained in the news article entitled “7-11 operator to spend P4B” posted in BusinessMirror (Online Edition) on July 21, 2023, it was reported in part that:

We refer to the portions of the article quoted in your correspondence as follows:

“PHILIPPINE Seven Corp., which operates 7-11 convenience stores in the country, said it will spend between P3.5 billion and P4 billion in capital expenditures this year to expand its network to reach close to 3,800.

Lawrence M. de Leon, Philippine Seven head of finance, said the capex would mainly be used to expand its store network by an additional 400 branches.
. . . .

Paterno said the company expects 2023 to be another record year with the current year being an inflection point for the company as it reaps the benefit of investments done over the years, even during the pandemic period.

‘First quarter is a record first quarter. And we believe 2023 will be a very much record year,’ he said.
. . . .“

We confirm the accuracy of the reported capital expenditure. We also note that our company's balance sheet is strong enough to support our expansion plan and fund product development initiatives for the medium term and beyond. Utilizing the strength of our balance sheet can provide a stable financial foundation for our growth strategies.

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