Pursuant to the Exchange's Implementing Guidelines for Companies under Corporate Rehabilitation, please be advised that Victorias Milling Company, Inc. ("VMC") is under corporate rehabilitation. The Exchange will update the investing public of further developments on the foregoing matter.
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)
Sep 11, 2024
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
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
9,699,989,470
11. Indicate the item numbers reported herein
-
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 6-2 - Declaration of Stock Dividends References: SRC Rule 17 (SEC Form 17-C) and Sections 6 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Amending the report to disclose the SEC approval of the Record Date for the Declaration of Stock Dividends of VMC to be on September 17, 2024.
Background/Description of the Disclosure
VMC's proposed issuance of Stock Dividends from the Corporation's unrestricted retained earnings as of 31 August 2022 consisting of 2,742,050,564 new shares by way and in support of the proposed increase in capital stock from P3,042,061,094 to P10,000,000,000, subject to the approval of the shareholders in a meeting duly called for such purpose.
The VMC Stockholders approved the aforesaid proposed issuance on Feb. 7, 2023.
Type of Securities
Common
Preferred-
Others-
Stock Dividend
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
Sep 9, 2024
Stock Dividend Rate
100%
Source of Dividend Payment
Unrestricted Retained Earnings as of August 31, 2022.
Source of Shares for Distribution
To be taken from the unissued capital stock
Number of Shares to be Issued :
-
To be taken from an increase in authorized capital stock
From:
3,042,061,094.00
To:10,000,000,000.00
Number of Shares to be Issued :
-
Others:
-
Number of Shares to be Issued :
-
Record Date
Sep 17, 2024
Payment Date
TBA
Other Relevant Information
Further amending the report to amend the Subject of the Disclosure for clarity and to disclose the SEC approval of the Record Date for the Declaration of Stock Dividends of VMC to be on September 17, 2024. The payment date is still being finalized.
Amending the report to reflect the date of Stockholders' approval on Feb. 7, 2023.
The record date/payment details for the stock dividend declaration shall be disclosed as soon as approved by the shareholders and by the Securities and Exchange Commission.