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Megaworld Corp Announces Additional Listing


Wednesday, 26 Jun 2013 08:00pm EDT 

Megaworld Corp announced that with reference to dated November 26, 2009, December 10, 2009 and June 10, 2010, respectively, in connection with the approval by the Exchange of the application of the Company to list the following: 4,102,045,380 warrants (MEGW1 and MEGW2) to cover the 4:5 warrants offering attached to and detachable from the rights offer shares of the Company; and 4,102,045,380 common shares to cover the underlying shares of the warrants subject to the actual exercise of rights of the warrants at an exercise price of PHP1.00 per share. As previously announced, the exercise ratio of the warrants is one common share for every one warrant held at an exercise price of PHP1.00 per common share. Further, the warrants may be exercised during business hours within the first five trading days of each month beginning on the 24th month after Issue Date and until five years from Issue Date. The said warrants were listed on December 14, 2009 under the Optional Payment Period and on June 15, 2010 under the Mandatory Payment Period. In this connection, the Company advised the Exchange that as of June 19, 2013, a total of 6,553,200 MEGW1 and MEGW2 warrants have been exercised and that the 6,553,200 underlying common shares have been made available to the exercising warrant holders. Please refer to the table below for the summary of the warrants exercise. 

Company Quote

4.57
-0.09 -1.93%
14 Jul 2014