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.