Monde Nissin Corporation: Initial Public Offering - Release of Shares under Lock-Up
May 30, 2022 at 08:49 am EDT
Share
NOTICE
Subject
Monde Nissin Corporation: Initial Public Offering - Release of Shares under Lock-Up
Company Name
Monde Nissin Corporation
Security Details
Type of Security
Stock Symbol
Par Value
Common Shares
MONDE
Php 0.50
Reference(s)
LN00116-2021 dated May 28, 2021
Type of Transaction(s)
Initial Public Offering
Lock-up Details
Duration of Lock-up
365 days
Applicable Lock-up Rule
Article III, Part D, Section 2 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent
BDO Unibank, Inc. - Trust and Investments Group
Date of Execution of Escrow Agreement
May 26, 2021
Details of the Mandatory Lock-up
Name of Shareholder
No. of Shares
Stock Symbol
Percentage
Nina Perpetua D. Aguas
2
MONDE
0
Delfin L. Lazaro
2
MONDE
0
Marie Elaine Teo
2
MONDE
0
Kataline Darmono
2
MONDE
0
Details of the Voluntary Lock-up (if applicable)
Name of Shareholder
No. of Shares
Stock Symbol
Percentage
-
-
-
-
Total Shares to be Released from Lock-up
Stock Symbol
No. of Shares
MONDE
8
Expiry of Lock-up
Jun 1, 2022
Effective Date of Tradability of the Shares
Jun 2, 2022
Other Relevant Information
As previously announced in LN00116-2021 dated May 28, 2021, in view of Monde Nissin Corporation's ("MONDE" or the "Company") compliance with the lock-up requirement of the Exchange, 1,609,671,504 common shares were subject to a lock-up period of 365 days, where 8 common shares were locked-up from listing date of June 1, 2021.
In a letter dated May 25, 2022, BDO Unibank, Inc., acting through its Trust and Investments Group, (the "Escrow Agent") informed the Exchange that the lock-up period for the 8 MONDE common shares owned by the above-mentioned Locked-up Shareholders will expire on June 1, 2022. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent, and the above-mentioned shareholders on May 26, 2021.
In view thereof, 8 MONDE common shares that were held in escrow will be eligible for trading starting on Thursday, June 2, 2022, subject to compliance with the Exchange's rule on lodgment of securities.
For your information and guidance.
Filed on behalf by:
Name
Norberto Moreno Jr.
Designation
Listings Department
Attachments
Original Link
Original Document
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Disclaimer
Monde Nissin Corporation published this content on 30 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2022 12:48:02 UTC.
Monde Nissin Corporation is a Philippines-based company, which is engaged in manufacturing, processing, baking, packaging, servicing, repacking, assembling, importing, exporting, buying, selling, trading or otherwise dealing in all kinds of goods, wares and merchandises, which are or may become articles of commerce such as but not limited to noodles, candies, confectionaries, biscuits, cakes and other foods, drugs and cosmetics. The Company operates through two segments: Asia-Pacific Branded Food & Beverage (APAC BFB) and Meat Alternative. The APAC BFB manufactures and distributes a diverse mix of biscuits, bakery products, beverages, instant noodles, and pasta. The Meat Alternative manufactures and distributes a variety of meat alternative brands and products to the retail trade and food service customers in the United Kingdom, United States, Europe (EU) and Asia-Pacific. Its brands include Lucky Me, Mama Sitaâs, and Dutch Mill.
MONDE NISSIN CORPORATION 
