NOTICE
Subject Philex Mining Corporation: Stock Rights Offering - Additional Listing
Company Name Philex Mining Corporation
Security Details
Type of Security Stock Symbol Par Value
Common Shares PX Php1.00
Type of Transaction Stock Rights Offering
Reference(s) LN00195-2022 and LN00196-2022 both dated July 8, 2022
Ratio One Rights Share for every 5.8674 common shares held as of Record Date
Ex-Date Jun 24, 2022
Record Date Jun 29, 2022
Offer Price Php 3.15
Payment Terms Full Payment
Summary of the SRO Results
Stock Symbol No. of Rights Shares
First Round PX 367,025,921
Second Round PX 278,540,861
Underwriter's Take-up (if applicable) PX 196,433,218
Date of Approval of Increase in Capital Stock (if applicable) N/A
Rights Shares to be Listed
Stock Symbol No. of Rights Shares to be Listed
PX 842,000,000
Fully-Paid and Tradable Rights Shares
Stock Symbol No. of Rights Shares
PX 842,000,000
Listing Date Aug 3, 2022

Adjustments

Issued Shares (if applicable)
Type of Security / Stock Symbol Before After
PX 4,940,399,068 5,782,399,068
Outstanding Shares (if applicable)
Type of Security / Stock Symbol Before After
PX 5,782,399,068 5,782,399,068
Listed Shares
Type of Security / Stock Symbol Before After
PX 4,940,399,068 5,782,399,068
Other Relevant Information

As previously announced in Listing Notice Nos. LN00195-2022 and LN00196-2022 both dated July 8, 2022, the Exchange approved the application of Philex Mining Corporation ("PX" or the "Company") for the listing of additional 842,000,000 common shares (the "Rights Shares"), to cover the Company's 1:5.8674 Stock Rights Offering ("SRO" or the "Offer"), at an Offer Price of Php 3.15 per share.

As of July 29, 2022, the Company has complied with the applicable listing requirements of the Exchange, including among others, the submission of the following:

1. Sworn Corporate Secretary's Certificate dated July 28, 2022 attesting to the following:

Number of Rights Shares subscribed in the First Round: 367,025,921
Number of Rights Shares subscribed in the Second Round: 278,540,861
Number of Rights Shares taken up by the QIBs and retail buyers: 8,354,200
Number of Rights Shares taken up by the Issue Manager and Lead Underwriter and other related parties: 188,079,018

2. Sworn Corporate Secretary's Certificate certifying that the shares will be lodged with Philippine Depository & Trust Corp. ("PDTC") without any jumbo or mother certificate; and

3. PDTC lodgment certificate.

The designated Stock Transfer Agent is hereby authorized to record and register in its books the said Rights Shares.

For your information and guidance.

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

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Philex Mining Corporation published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 07:13:01 UTC.