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)

Oct 17, 2022

2. SEC Identification Number

0000091447

3. BIR Tax Identification No.

000190324000

4. Exact name of issuer as specified in its charter

SEMIRARA MINING AND POWER CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2/F DMCI Plaza, 2281 Don Chino Roces Avenue, Makati City Postal Code 1231

8. Issuer's telephone number, including area code

632-88883000

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	4,250,547,620

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.

Semirara Mining and Power CorporationSCC

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
SMPC declares record high special cash dividends
Background/Description of the Disclosure
PRESS RELEASE October 17, 2022 SMPC declares record high special cash dividends In a special meeting held today, the Board of Directors of Semirara Mining and Power Corporation (PSE: SCC) approved the declaration of P3.50 per outstanding common share in special cash dividends for shareholders on record as of October 31. This is 100 percent more than the P1.75 special cash dividends declared last year, and the highest dividend ever declared by SCC. Ex-dividend date will be on October 26 while payment will be made on November 15. Last April, the company paid out P1.50 per share in regular cash dividends. With the additional special cash dividend, the total dividend payout of SCC to its shareholders for 2022 will be P5.00 per share, the highest in its corporate history. It also translates to a cash dividend yield of 12.34 percent based on its October 14 closing price of P40.50. ###
Other Relevant Information
In accordance with SEC Notice issued on March 17, 2020, attached herewith is SEC Form 17-C for your immediate reference.