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 Articles of Incorporation.
Background/Description of the Disclosure
Amendment of Article VII of Articles of Incorporation to reflect the increase in authorized capital stock from Two Billion Nine Hundred Thirteen Million Two Hundred Fifty Thousand Eight Hundred Fifty Pesos (PhP2,913,250,850.00) divided into Two Billion Nine Hundred Thirteen Million Two Hundred Fifty Thousand Eight Hundred Fifty (2,913,250,850) shares with a par value of One Peso (PhP1.00) per share to Three Billion Forty Two Million Sixty One Thousand Ninety Four Pesos (PhP 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.
Date of Approval by Board of Directors
Dec 9, 2016
Date of Approval by Stockholders
Feb 7, 2012
Other Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
May 23, 2017
Date of Receipt of SEC approval
May 24, 2017
Amendment(s)
Article No.
From
To
7
The authorized capital stock of the Company is Two Billion Nine Hundred Thirteen Million Two Hundred Fifty Thousand Eight Hundred Fifty Pesos (PhP2,913,250,850.00) divided into Two Billion Nine Hundred Thirteen Million Two Hundred Fifty Thousand Eight Hundred Fifty (2,913,250,850) shares with a par value of PhP1.00 per share.
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 PhP1.00 per share.
Rationale for the amendment(s)
Increase in authorized capital stock is in compliance with the provisions of the Alternative Rehabilitation Plan (ARP) and Debt Restructuring Agreement (DRA) approved by the SEC on 19 November 2000 and 29 April 2002, respectively.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC
May 12, 2017
Expected date of SEC approval of the Amended Articles of Incorporation
May 23, 2017
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: Php2,913,250,850.00 2. Subscribed and Paid-Up Capital: 2,913,250,850 3. Par Value: Php1.00
After the increase: 1. Authorized Capital Stock: PhP3,042,061,094.00 2. Subscribed and Paid-Up Capital: 3,042,061,094 3. Par Value: Php1.00