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)

Nov 28, 2022

2. SEC Identification Number

14782

3. BIR Tax Identification No.

000-128-846

4. Exact name of issuer as specified in its charter

LIBERTY FLOUR MILLS INC.

5. Province, country or other jurisdiction of incorporation

Makati City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Liberty Building, 835 A. Arnaiz Avenue, Makati City Postal Code 1200

8. Issuer's telephone number, including area code

(632) 88925011

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	150,000,000

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.

Liberty Flour Mills, Inc.LFM

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
Execution of a Memorandum of Understanding ("MOU") with its Subsidiary, LFM Properties Corporation ("LPC")
Background/Description of the Disclosure
In the meeting of the Board of Directors of Liberty Flour Mills, Inc. (“the Company”) held on November 28, 2022, the Board approved the entering and execution of a Memorandum of Understanding (the “MOU”) with its subsidiary, LFM Properties Corporation (“LPC”), for the potential sale of Liberty Building and the 1,009-square meter parcel of land upon which Liberty Building is constructed (the “Property”) by the former to the latter. LFMI is the registered owner of the Property which is located at 835 A. Arnaiz Avenue, Makati City. The consummation of the sale shall be conditioned, among others, on the determination of the purchase price for the transaction based on the issuance of a fairness opinion issued by an independent third-party financial adviser jointly selected by the Company and LPC. Given the time needed for the preparation of the fairness opinion and its study upon issuance, the Company and LPC aim to enter and execute a deed of sale in the first quarter of 2023 if a favorable recommendation/opinion is secured from the independent-third party financial adviser. In case shares of LPC will be used for payment of the transaction (Property for share swap), both parties commit and accept to issue shares that will be in compliance with the 20% public float policy and with all the necessary approval from the relevant regulators.
Other Relevant Information
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