Further to our disclosures on February 24, 2022 and June 29, 2022 on the convertibility of the Voting Preferred Shares (VPS) into common shares which commenced on June 29, 2022, please be informed that an additional 15,000 VPS have been converted into common shares which were sourced from our existing listed Treasury Shares. All of the converted VPS will be retired.
As a result of the conversion, our issued and outstanding common shares and VPS are as follows:
Issued Common Shares - 15,721,525,627 Outstanding Common Shares -14,956,713,121
Issued Voting Preferred Shares - 13,066,494,759 Outstanding Voting Preferred Shares - 12,442,497,623
The VPS holders may continue to convert their shares into common shares at a conversion ratio of 1 VPS to 1 common share at a price which shall be the higher of (i) the average closing price for the immediately preceding 30 trading days less the par value of the VPS of Php0.10 per share and (ii) the closing price immediately preceding the conversion date less the par value of the VPS of Php0.10 per share. Should the VPS holders wish to convert their shares, they should notify our conversion agent, BPI Stock Transfer Office at the following contact details:
Address: 3F BPI Buendia Center, 372 Sen. Gil Puyat Ave., Makati City 1209 Tel. No.: (632) 8580-4693 to 95 Email: [email protected] Attention: Ms. Christine Gaile P. Malonzo |