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)

Dec 7, 2021

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

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 4-30 - 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
Appropriation of Retained Earnings.
Background/Description of the Disclosure
In the meeting of the Board of Directors today, December 7, 2021, the Board of Directors approved the appropriation of the Company’s retained earnings amounting to P1.1 billion for the acquisition of a medium pressure boiler and construction of warehouse facilities. The projects were previously approved by the Board of Directors and are expected to be completed by 2023. The Board of Directors also approved the appropriation of the Company's retained earnings amounting to P274.2 million for the declaration of regular cash dividends in the amount of P0.05 per share and special cash dividends in the amount of P0.05 per share. Both regular and special cash dividends will be paid to all common shareholders of record as of December 22, 2021 and will be paid to them on January 18, 2022.
Other Relevant Information
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