NOTICE
Subject Manila Mining Corporation: Stock Rights Offering - Additional Listing
Company Name Manila Mining Corporation
Security Details
Type of Security Stock Symbol Par Value
Common Shares MA Php0.01
Common Shares MAB Php0.01
Type of Transaction Stock Rights Offering
Reference(s) LN00116-2022 dated May 2, 2022 and LN00127-2022 dated May 13, 2022
Ratio 1 Entitlement Right for every 5 Common Shares owned
Ex-Date Apr 26, 2022
Record Date Apr 29, 2022
Offer Price Php0.01
Payment Terms Please see below.
Summary of the SRO Results
Stock Symbol No. of Rights Shares
First Round MA/MAB 28,076,960,040
Second Round MA/MAB 23,840,397,700
Underwriter's Take-up (if applicable) - -
Date of Approval of Increase in Capital Stock (if applicable) Jul 8, 2022
Rights Shares to be Listed
Stock Symbol No. of Rights Shares to be Listed
MA 1,269,471,401
MAB 226,857,714
Fully-Paid and Tradable Rights Shares
Stock Symbol No. of Rights Shares
MA 1,269,471,401
MAB 226,857,714
Listing Date Jul 25, 2022

Adjustments

Issued Shares (if applicable)
Type of Security / Stock Symbol Before After
MA 155,796,086,372 186,955,303,646
MAB 103,790,702,331 124,548,842,797
Outstanding Shares (if applicable)
Type of Security / Stock Symbol Before After
MA 186,955,303,646 186,955,303,646
MAB 124,548,842,797 124,548,842,797
Listed Shares
Type of Security / Stock Symbol Before After
MA 155,482,286,372 156,776,596,929
MAB 103,581,502,331 103,823,756,590
Other Relevant Information

As previously announced in Listing Notice No. LN00116-2022 dated May 2, 2022, the Exchange approved the application of Manila Mining Corporation ("MA" or the "Company") for the listing of additional 31,159,217,274 MA common shares and 20,758,140,466 MAB common shares ("Rights Shares"), to cover the Company's 1:5 Stock Rights Offering ("SRO" or the "Offer"), at an Offer Price of Php 0.01 per share.

As of July 21, 2022, the Company has complied with the applicable listing requirements of the Exchange, including among others, the submission of the Sworn Corporate Secretary's Certificate dated June 7, 2022 attesting to the following:

For "MA" shares:

Number of Fully-paid Shares in the First Round: 1,269,466,643
Number of Partially-paid Shares in the First Round: 13,377,318,487
Number of Fully-paid Shares subscribed in the Second Round: 4,758
Number of Partially-paid Shares in the Second Round: 16,512,427,386
Number of Entitlement Rights Shares taken up by F.Yap Securities, Inc., the Principal Shareholder: 4,998,296,271

For "MAB" shares:

Number of Fully-paid Shares in the First Round: 226,810,925
Number of Partially-paid Shares in the First Round: 13,203,363,985
Number of Fully-paid Shares subscribed in the Second Round: 46,789
Number of Partially-paid Shares in the Second Round: 7,327,918,767
Number of Entitlement Rights Shares taken up by F.Yap Securities, Inc., the Principal Shareholder: 2,828,585,691

The Sworn Certificate further stated that:

"Penta Capital & Investment, Inc. and QIBs did not subscribe to any of the Offer Shares."

Further, in a letter dated July 20, 2022, the Company informed the Exchange "that there was no stockholder who acquired Offer Shares in our recent 1:5 SRO and ended up owning over 50% of the total outstanding equity securities of Manila Mining Corporation."

There will be a total of 1,269,471,401 fully-paid Entitlement Rights MA Shares and 226,857,714 fully-paid Entitlement Rights MAB Shares that will be listed on listing date. The remaining balance of partially-paid shares will follow the payment terms of 25% due 60 days from the end of the Offer Period and the balance of 50% is due 90 days from the end of the Offer Period.

Please see LN00127-2022 dated May 13, 2022 for further details.

Likewise, the Company certified on July 18, 2022 that a total of 28,800,000 MA shares and 19,200,000 MAB shares to cover its Employee Stock Option Plan ("ESOP") have been lodged with the Philippine Depository and Trust Corporation. Subsequently, the Philippine Depository and Trust Corporation issued a lodgment certification dated July 19, 2022 covering the fully-paid Entitlement Rights MA and MAB Shares, and the ESOP shares.

Lastly, as part of the Exchange's reconciliation on the number of issued, outstanding and listed shares, the Company requested for the reduction of 3,960,844 Class A shares and 3,803,455 Class B shares to the Company's listed shares.

For your information and guidance.

Filed on behalf by:
Name Norberto Moreno Jr.
Designation Listings Department

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Manila Mining Corporation published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 14:43:08 UTC.