|Offer||1,594,936,709 Common Shares|
|Offer Price||₱1.00 per share|
|Offer Period||May 27 to June 5|
|Listing Date||June 15|
|Investors are strongly advised to carefully read the contents of the Prospectus, together with the financial statements attached thereto: Click here to access to Prospectus|
Investors are advised to read the implementing guidelines for the application and settlement procedures for Local Small Investors under the Small Investors Program (the “LSI Guidelines”) of the Securities and Exchange Commission (“SEC”) and The Philippine Stock Exchange, Inc. (“PSE”) through the PSE Electronic Allocation System (“PSE EASy”): Click here to access the LSI Guidelines.
How to subscribe?
Applications to purchase shares may be done online via PSE Easy
Applications must be completed on or before 12:00 noon, June 5
Create a PSE EASy account online: https://easy.pse.com.ph
Only applicants with a nominated stock broker or “PSE Trading Participant” will be allowed to proceed with the PSE EASy registration.
Don’t have an account with a broker? Refer to the instructions below.
Subscribe a minimum of ₱1,000 (1,000 shares) and a maximum of ₱100,000 (100,000 shares) via PSE EASy.
|Successful applications via PSE EASy will generate a reference number and payment instructions. Payments must be settled on or before the deadline.
Refer to the payment instructions below.
Applications will be processed on a first-come, first-served basis, while final allocation of the shares will be determined pursuant to allocation mechanics.
|Check your PSE EASy account for updates on your subscription.
Don’t have an account with a broker?
|Applicants may open a trading account with the default brokers below and nominate the entity as its endorsing “PSE Trading Participant” on PSE EASy prior to the submission of the PSE EASy registration. |
|Applicants are encouraged to process the opening of the trading account as soon as possible, taking into account each broker’s requirements and processing time.
|Broker||Account Opening Process||Access / Contact Details|
|COL Financial Group, Inc.||• Online (via website)||https://www.colfinancial.com/
|• Physical submission|
|AB Capital Securities, Inc.||• Online (via website)||https://www.abcapitalsecurities.com.ph
|• Physical submission|
|PNB Securities, Inc.||• Electronic (email)
Mary Joy U. Bernabe (firstname.lastname@example.org); or
Sherryl R. Cruz (email@example.com)
|• Physical submission|
|The account opening process/procedures of COL Financial and AB Securities can be found in each of their respective websites.|
|Applicants opening a trading account with PNB Securities may obtain the securities account opening form in the link, accomplishing and submitting the same, together with any required attachments, to PNB Securities no later than 5:00 p.m. on May 29.|
|Successful applications via PSE EASy will generate a reference number and payment instructions. Payments must be settled on or before the deadline.|
|For applicants with COL Financial as the nominated broker:
|For applicants with other entities as the broker and paying via PNB:
|For applicants with other entities as the broker and paying via other banks:
|Failure to comply with the deadline and instructions will constitute as rejection of the application, and any payment made will be refunded, without interest.
|For applicants with COL Financial as the broker, any questions related to payment instructions may be directed to: firstname.lastname@example.org|
For applicants with AB Securities, PNB Securities and other entities (except COL Financial) as the broker, any questions related to payment instructions may be directed to the Receiving Agent: email@example.com
Frequently Asked Questions
Q: Who can participate in the IPO?
A: The shares allocated for the Local Small Investors may be purchased by any natural person of legal age residing in the Philippines regardless of nationality, subject to, among others, the Restrictions on Ownership, as described in the Prospectus.
Q: What is the minimum and maximum share subscription per applicant?
A: Each applicant may subscribe to a minimum of ₱1,000 (1,000 shares), and thereafter, in multiple of ₱1,000 (1,000 shares), but in no case subscribe to more than ₱100,000 (100,000 shares).
Q: Can I subscribe to the shares by submitting physical application forms?
A: No, only applications duly accomplished via PSE EASy will be received and accepted.
Q: When is the deadline to complete the application?
A: Applications must be completed on or before 12:00 p.m. of June 5, 2020.
Q: Will PSE EASy accept multiple applications?
A: No, multiple applications (i.e. two or more applications made by the same applicant) via PSE EASy will not be accepted.
Q: Do I need a securities trading account to subscribe?
A: Yes, only PSE EASy accounts with a nominated stock broker or PSE Trading Participant will be accepted. Refer to the instructions above to learn how to open a securities trading account.
Q: How do I ask my nominated stock broker to verify my PSE EASy account?
A: Check the “My Trading Participant” section of your PSE EASy account for the contact information of your nominated broker.
Q: How do I know that my nominated stock broker has verified my PSE EASy account?
A: Notification will be sent to your email by PSE EASy on any developments regarding the validation of your account.
Q: Will payment guarantee my subscription?
A: Applications will be processed on a first-come, first-served basis, while final allocation of the shares will be determined pursuant to allocation mechanics stipulated in the LSI Guidelines.
Q: Where can I find my PSE EASy reference number?
A: Only successful applications via PSE EASy will generate a reference number. The details will also be sent to your email by PSE EASy.
Q: When is the deadline to pay my subscription?
A: Payments must be settled on or before 12:00 p.m. of June 5, 2020. Failure to settle on or before the deadline will result to rejection of subscription. Expect your payment to be reflected in PSE EASy up two (2) banking days from date of payment. Note that there are separate payment instructions for applicants with COL Financial as the nominated broker.
Q: Do I need to open an account with PNB to pay for my subscription?
A: No, just go to any PNB Branch to pay for your subscription via over-the-counter bills payment. To check the list of operating PNB branches, visit the link: https://www.pnb.com.ph/index.php/pnb-open-branches Note that there are separate payment instructions for applicants with COL Financial as the nominated broker.
Q: Can I pay my subscription via online banking/interbank fund transfer of other banks?
A: Yes. For online banking/interbank fund transfer or other modes of payment, you may inquire via email to firstname.lastname@example.org with the following details: (1) Complete Name, (2) Contact Number, and (3) PSE EASy reference number. Subject of the email must be “Request for Bank Details”.
Q: When will my payment be reflected?
A: Expect your payment to be reflected in PSE EASy up two (2) banking days from date of payment. You may check your PSE EASy account for updates on your subscription.
Q: When will I be notified of my allocation?
A: Expect your allocation to be reflected in PSE EASy by June 8, 2020. You may check your PSE EASy account for updates on your subscription.
Q: My share allocation is less than the amount of my actual share subscription. How will I receive my refund?
A: In the event that the number of shares to be received by an applicant is less than the number covered by its application, or if an application is rejected by the Company, then the Receiving Agent shall refund, without interest, on June 15, 2020, all or a portion of the payment corresponding to the number of shares wholly or partially rejected. All refunds shall be made through the Receiving Agent (Philippine National Bank acting through its Trust Banking Group), at the applicant’s risk. Check refunds shall be available for pick-up at the office of the Receiving Agent starting June 15, 2020. Note that there may be separate refund instructions for applicants with COL Financial as the nominated broker.
Q: Will I receive a stock certificate for my shares?
A: As required under the listing rules of the PSE, the shares should be in scripless form and lodged with the Philippine Depository and Trust Corporation (PDTC).
Q: I want to convert my shares from scripless form to certificated. Who should I contact?
A: An investor may request for his/her ownership of the shares to be converted from scripless form to certificated form through his/her nominated stock broker or PSE Trading Participant only after the shares have been listed. The cost of the issuance for such stock certificates shall be for the account of the investor.
Kim C. Aclan
0921 773 6376
Marge J. Reyes
0927 355 2125