Petron : 03 14 17 - Matters Approved at the March 14, 2017 Board Meeting

C01420-2017

SECURITIES AND EXCHANGE COMMISSION SEC 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)

   Mar 14, 2017

2. SEC Identification Number

   31171

3. BIR Tax Identification No.

   000-168-801

4. Exact name of issuer as specified in its charter

   PETRON CORPORATION

5. Province, country or other jurisdiction of incorporation

   Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

   San Miguel Head Office Complex, 40 San Miguel Avenue, Mandaluyong City

   Postal Code

   1550

8. Issuer's telephone number, including area code

   (63 2) 886-3888, 884-9200

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 (PCOR)	9,375,104,497
    PREFERRED SERIES 2A (PRF2A)	7,122,320
    PREFERRED SERIES 2B (PRF2B)	2,877,680
    PCOR SERIES A BONDS DUE 2021 (IN MILLIONS)	13,000
    PCOR SERIES B BONDS DUE 2023 (IN MILLIONS)	7,000
    TOTAL DEBT AS OF DECEMBER 31, 2016 (IN MILLIONS)	206,208

11. Indicate the item numbers reported herein

Item 9

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.

Petron Corporation PCOR

PSE Disclosure Form 4-30 - Material Information/Transactions

References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Matters approved at the regular board meeting of the Company held on March 14, 2017.

Background/Description of the Disclosure

Matters approved at the regular board meeting of the Company held on March 14, 2017.

Other Relevant Information

Please see attached letter dated March 14, 2017.

Filed on behalf by:

Name	Jhoanna Jasmine Javier-Elacio
Designation	Legal Manager and Assistant Corporate Secretary

March 14, 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:

The Board of Directors, during its Regular Board Meeting held today, approved the following items:

1. 2016 Audited Financial Statements of the Company showing that the Company posted a net income of P10.82 billion;

2. Endorsement of the re-appointment of R. G. Manabat & Co./KPMG as external auditor of the Company for 2017 at the annual stockholders' meeting scheduled on May 16, 2017;

3. Cash dividend of P0.10 per share for common shareholders with a record date of March 28, 2017 and payment date of April 12, 2017;

4. Cash dividend for the preferred shareholders with the following record and payment dates:

   Dividend Amount (per share)	Record Date	Payment Date
   Preferred Shares Series 2A Preferred Shares Series 2B	2nd Quarter 2017 2nd Quarter 2017	P 15.75 P 17.14575	April 12, 2017 April 12, 2017	May 3, 2017 May 3, 2017
   Preferred Shares Series 2A Preferred Shares Series 2B	3rd Quarter 2017 3rd Quarter 2017	P 15.75 P 17.14575	July 18, 2017 July 18, 2017	August 3, 2017 August 3, 2017

5. Annual Stockholders' Meeting

1.	Date of meeting :	May 16, 2017
2.	Venue :	Valle Verde Country Club, Pasig City
3.	Record date :	March 28, 2017 (agenda attached)
4.	Closing of the stock transfer books:	March 29 - April 4, 2017

Very truly yours,

JOEL ANGELO C. CRUZ

VP - General Counsel & Corporate Secretary