Jollibee Foods Corporation: Stock Option Plan - Additional Listing
July 22, 2022 at 01:54 am EDT
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NOTICE
Subject
Jollibee Foods Corporation: Stock Option Plan - Additional Listing
Company Name
Jollibee Foods Corporation
Security Details
Type of Security
Stock Symbol
Par Value
Common Shares
JFC
Php 1.00
Total SOP Shares Approved for Listing
Stock Symbol
Type/s of SOP
No. of Shares
JFC
MSOP and ELTIP
101,500,000
JFC
MSOP and ELTIP
31,500,000
Summary of Shares to be Listed
Stock Symbol
Type/s of SOP
Number of Common Shares Fully-Paid
JFC
MSOP
406,666
JFC
ELTIP
-
Total Shares Listed under SOP
Stock Symbol
No. of Shares
JFC
96,848,488
Listing Date
Jul 26, 2022
Adjustments
Issued Shares (if applicable)
Type of Security / Stock Symbol
Before
After
JFC
1,128,429,221
1,128,429,221
Outstanding Shares (if applicable)
Type of Security / Stock Symbol
Before
After
JFC
1,111,981,881
1,111,981,881
Listed Shares
Type of Security / Stock Symbol
Before
After
JFC
1,123,943,154
1,124,349,820
Other Relevant Information
On November 8, 2006, the Exchange approved Jollibee Foods Corporation's ("JFC" or the "Company") application for listing of additional 101,500,000 common shares, with a par val-ue of Php 1.00 per share, covering JFC's Senior Management Stock Option Plan ("MSOP"). The exercise price of the MSOP is based on the Fair Market Value of each JFC share at the time of grant with a discount of up to 15%. Such Fair Market Value is based on the average closing price of JFC common shares for a period of thirty (30) days to one hundred eighty (180) days.
On December 18, 2007, the Company advised the Exchange that the total number of common shares allocated for the MSOP shall be reserved for the Company's two stock option plans (the "Plan"), the MSOP and the Executive Long Term Incentive Program ("ELTIP").
Further, on March 22, 2017, the Exchange approved the Company's application for listing of additional 31,500,000 common shares to cover JFC's Plan consisting of (1) 18,000,000 common shares allocated for the MSOP with an exercise price based on the closing price of JFC shares on the date of grant, or Php 179.80 per share; and (2) 13,500,000 common shares allocated for the ELTIP with an exercise price based on the closing price of JFC on the entitlement date or Php 105.00 per share.
In this connection, JFC advised the Exchange that an additional 406,666 common shares have been availed and fully paid under the Company's stock option plans. In this regard, the number of JFC's listed common shares will be accordingly adjusted on the listing date.
The Company's compliance with the Consolidated Listing and Disclosures Rules, as amended, vis-à-vis the implementation of its stock option plan is being evaluated.
Filed on behalf by:
Name
Norberto Moreno Jr.
Designation
Listings Department
Attachments
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Original Document
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Disclaimer
Jollibee Foods Corporation published this content on 22 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2022 05:53:07 UTC.
Jollibee Foods Corporation is a Philippines-based company, which is involved primarily in the development, operation and franchising of quick service restaurants (QSRs) under the trade names Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Panda Express, Yoshinoya, and Milksha. Its segments include food service, franchising and leasing. The food service segment is involved in the operations of QSRs and the manufacture of food products to be sold to Company-owned and franchised QSR outlets. The franchising segment is involved in the franchising of the Company's QSR store concepts. The leasing segment leases store sites mainly to its independent franchisees. The Company has approximately 1,204 Jollibee stores nationwide, of which 768 were franchised and 436 were Company owned. In addition, outside the Philippines, it has approximately 378 stores.