PSE Circular for Brokers No. 1105-99

May 17, 1999 PSE CIRCULAR FOR BROKERS NO. 1105-99 SECURITIES EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. Date of Report (Date of earliest event reported) May 14, 1999 2. SEC Identification Number: 14782 3. BIR Tax Identification Number: 470-000-128-846-V 4. Exact Name of Registrant as Specified in its charter LIBERTY FLOUR MILLS, INC. 5. Province, country or other jurisdiction of incorporation Philippines 6. Industry Classification Code: (SEC Use Only) 7. Address of Principal Office: Liberty Building, 835 A. Arnaiz Avenue, Makati City 8. Registrant's telephone number including area code: (632) 892 5011 9. Former name, former Address, if change since last report N/A 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and amount of Debt Outstanding Common 40,000,000 11. Indicate the item numbers reported herein: Item 9 ITEM 9 . Other Events a Election of Directors During the annual stockholders' meeting of the Corporation held today, the stockholders re-elected the same set of directors, namely: cdt Jesus Jalandoni William Carlos Uy Felix K. Maramba, Jr. Sergio M. Locsin John Carlos Uy Vincent Vargas William Ang David Ng Jose Ma. S. Lopez Benjamin Jalandoni Maximo Kalaw, Jr. b Amendment of By-Laws During the annual stockholders' meeting of the Corporation held today, the stockholders approved a resolution amending the By-Laws of the Corporation changing the schedule of the regular meeting of the Board of Directors of the Corporation to the last Wednesday of the month and the annual meeting of the stockholders to the last Wednesday of May of each year. LibLex c Election of Officers During the Organizational Meeting of the Board of Directors of the Corporation held after the annual stockholders' meeting, the Board of Directors re-elected the same set of senior officers of the Company, namely: Jesus Jalandoni Chairman Felix K. Maramba, Jr. President Sergio M. Locsin Senior Vice President - Finance William Carlos Uy Vice Chairman/Senior Vice President/Comptroller Jose Ma. Lopez Senior Vice President for Agro Industrial Department Daniel K. Maramba Senior Vice President for Flour and Feeds Jose A. Feria, jr. Corporate Secretary d. Declaration of Cash Dividends The Board of Directors of the Corporation during its Organizational Meeting declared a five percent (5%) cash dividend payable to its stockholders of record as of May 31, 1999, with the ex-date to be fixed in accordance with the rules of the Philippine Stock Exchange. The Cash dividend shall be payable on June 10, 1999. LLpr SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CASH DIVIDEND CASH P0.50 PER SHARE EX-CASH MAY 25, 1999 RECORD DATE MAY 31, 1999 DATE PAYABLE JUNE 10, 1999 LIBERTY FLOUR MILLS, INC By: (SGD.) J. DANIEL R. SANTIAGO Assistant Corporate Secretary