C05168-2023

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 3, 2023
2. SEC Identification Number
PW-364
3. BIR Tax Identification No.
000-270-220-000
4. Exact name of issuer as specified in its charter
Victorias Milling Company, Inc.
5. Province, country or other jurisdiction of incorporation
Negros Occidental, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
VMC Compound, J.J. Ossorio St., Brgy. XVI, Victorias City Postal Code 6119
8. Issuer's telephone number, including area code
+63(34)488-7900
9. Former name or former address, if changed since last report
-
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 2,742,050,564
11. Indicate the item numbers reported herein
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.

Victorias Milling Company, Inc.VMC

PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Amendment of Article VII of VMC's Articles of Incorporation.

Background/Description of the Disclosure

Subject to the approval of the shareholders in a meeting called for such purpose, the Board of Directors in its meeting on December 5, 2022, approved the amendment of VMC's Articles of Incorporation to reflect the proposed increase in the Corporation's Authorized Capital Stock (ACS) from P3,042,061,094 to P10,000,000,000.

On Feb. 7, 2023, the VMC Stockholders approved the Amendment of its Articles of Incorporation.

Date of Approval by
Board of Directors
Dec 5, 2022
Date of Approval by Stockholders Feb 7, 2023
Other Relevant Regulatory Agency, if applicable -
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Date of Approval by Securities and Exchange Commission TBA
Date of Receipt of SEC approval TBA
Amendment(s)
Article No. From To
VII SEVENTH. That the authorized capital stock of the Company is Three Billion Forty Two Million Sixty One Thousand Ninety Four Pesos (PhP3,042,061,094.00) divided into Three Billion Forty Two Million Sixty One Thousand Ninety Four (3,042,061,094) shares with a par value of One Peso (PhP1.00) per share. SEVENTH. That the authorized capital stock of the Company is Ten Billion Pesos (PhP10,000,000,000.00) divided into Ten Billion (10,000,000,000) shares with a par value of One Peso (PhP1.00) per share.
Rationale for the amendment(s)

The purpose for the increase in the Company's authorized capital stock is to raise capital for future business expansion and issue stock dividends.

The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC TBA
Expected date of SEC approval of the Amended Articles of Incorporation TBA
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

Before the increase:
1. Authorized Capital Stock: PhP3,042,061,094.00 (inclusive of 300,010,530 Treasury Shares)
2. Par Value: PhP1.00

After the increase:
1. Authorized Capital Stock: PhP10,000,000,000.00
2. Par value: Php1.00

Other Relevant Information

Amending the report to reflect the approval of VMC's stockholders on February 7, 2023.

Filed on behalf by:
Name Eva Rodriguez
Designation Compliance and Information Officer