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)

May 14, 2020

2. SEC Identification Number

CS200315877

3. BIR Tax Identification No.

226-527-915

4. Exact name of issuer as specified in its charter

METRO RETAIL STORES GROUP, INC.

5. Province, country or other jurisdiction of incorporation

Cebu, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Vicsal Building, corner of C.D. Seno and W.O. Seno Streets, Guizo, North Reclamation Area, Mandaue City, Cebu, Philippines Postal Code 6014

8. Issuer's telephone number, including area code

(032) 236-8390

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	3,429,375,000

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.

Metro Retail Stores Group, Inc.MRSGI

PSE Disclosure Form 6-1 - Declaration of Cash Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Declaration of Cash Dividends
Background/Description of the Disclosure
During the special meeting of the Board of Directors of MRSGI held on May 14, 2020, the Board of Directors of MRSGI unanimously approved the declaration of cash dividends in the total amount of Two Hundred Five Million Seven Hundred Sixty Two Thousand Five Hundred Pesos (Php205,762,500.00)

Type of Securities

• Common
• Preferred-
• Others-

Cash Dividend

Date of Approval by Board of Directors	May 14, 2020
Other Relevant Regulatory Agency, if applicable	-
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Type (Regular or Special)	Regular
Amount of Cash Dividend Per Share	Php 0.06
Record Date	May 29, 2020
Payment Date	Jun 15, 2020

Source of Dividend Payment
MRSGI's Accumulated Unrestricted Retained Earnings as of December 31, 2019
Other Relevant Information
-