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 25, 20222. SEC Identification Number PW-3643. BIR Tax Identification No. 000-270-220-0004. Exact name of issuer as specified in its charter Victorias Milling Company, Inc.5. Province, country or other jurisdiction of incorporation Negros Occidental6. Industry Classification Code(SEC Use Only) 7. Address of principal office VMC Compound, J.J. Ossorio St., Brgy. XVI, Victorias CityPostal Code61198. Issuer's telephone number, including area code +63-34-488-79009. 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 -
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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Comment on news article posted in Philippine DaiIy Inquirer Bizz Buzz dated May 25, 2022 entitled "Rising RE player".
This has reference to the correspondence of the Philippine Stock Exchange (PSE) sent via PSE-EDGE dated May 25, 2022, requesting for Victorias Milling Company, Inc. (VMC) to comment on the news article under Biz Buzz column entitled "Rising RE player" published in the Philippine Daily Inquirer on May 25, 2022. The article reported in part that:
"The race toward renewable energy (RE) dominance is becoming more competitive and Negros Occidental-based Victorias Milling Corp. (VMC)-which is into integrated sugar milling, manufacturing and biomass co-generation-wants to be a bigger contender.
VMC recently put out an ad to give mandatory notice of its application with the Board of Investments for the registration of additional investments as an RE developer.
Recall that VMC received in March a provisional authority from the Energy Regulatory Commission to operate its 40-megawatt biomass co-generation power plant with feed-in-tariff eligible capacity of 21.45 MW and its 2×2 MW black start diesel engine generating units for a period of one year until March 9, 2023.
We heard that VMC plans to invest an additional P1.8 billion to increase the capacity of the biomass co-generation power plant from 40MW to 63MW. The additional capacity is expected to be switched on by the end of 2023.
'We are maximizing use of bagasse as fuel for high-pressure boilers which will, in turn, convert into power via electric turbine,' a reliable company source told Biz Buzz.
. . . ."
VMC has applied for registration with the Board of Investments (BOI) to avail of the applicable incentives under the Renewable Energy Act of 2008 (Republic Act No. 9513), for the 40MW Biomass Cogeneration Power Plant as Renewable Energy Developer of Biomass Resources, which is covered by the Special Laws List of the 2020 Investment Priorities Plan (IPP) of the BOI/ Strategic Investment Priority Plan (IPP) .
The other items in the quoted news are still in the discussion phase for future consideration.
The Notice was put out as part of the requirements of BOI."
Other Relevant Information
N/A
Filed on behalf by:
Name
Eva Rodriguez
Designation
Compliance and Information Officer
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Victorias Milling Company Inc. published this content on 26 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2022 06:08:04 UTC.
Victorias Milling Company, Inc. is a Philippines-based integrated raw and refined sugar company. The Company operates mill and refinery facilities for sugar and allied products, as well as engineering services. The Company's segments include Sugar Milling, Distillery Operations, Power Generation and Others. Its Sugar Milling segment is engaged in the sale of raw sugar and molasses. Its Distillery Operations segment produces alcohol and ethanol with an actual daily capacity of 50,000 liters with molasses as the primary raw material. Molasses is sourced from sugar operations which produce it as a by-product. The Power Generation segment is engaged in the business of power generation derived from renewable energy resources for the wholesale of electricity to power companies, distribution utilities, electric cooperatives, retail electricity suppliers, aggregators and other customers. The Others segment includes food processing, real estate sales, leasing and entertainment.
VICTORIAS MILLING COMPANY, INC. 
