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Cebu Air : Conversion of Preferred Shares to Common Shares
Cebu Air : Conversion of Preferred Shares to Common
About this update from Cebu Air Inc.
NOTICE Subject Cebu Air, Inc. - Conversion of Preferred Shares to Common Shares Company Name Cebu Air, Inc. Security Details Type of Security Stock Symbol Par Value Common Shares CEB Php 1.00 Preferred Shares CEBCP Php 1.00 Type of Transaction(s) Conversion of Preferred Shares Reference(s) [if applicable] LN00068-2021 dated March 25, 2021 Total Convertible Security Approved for Listing (if applicable) Stock Symbol No. of Shares CEBCP 328,947,368 Entitlement Ratio 1 Preferred Share : 1 Common Share Total Underlying Common Shares of the Convertible Security Approved for Listing Stock Symbol No. of Shares CEB 328,947,368 Payment Terms of the Convertible Security (if applicable) Full Payment Exercise Ratio 1 Preferred Share : 1 Common Share Exercise Price - Exercise Period From and including forty (40) days after March 29, 2021 Expiration Date (if applicable) Mar 29, 2027 Redemption Period (if applicable) - Redemption Date (if applicable) N/A Conversion of the Convertible Security to Common Share Convertible Security Cancelled (if applicable) No. of Shares CEBCP 18,800 Underlying Common Shares Exercised Stock Symbol No. of Shares CEB 18,800 Listed Convertible Security To Date (if applicable) Stock Symbol No. of Shares CEBCP 314,168,257 Listed Underlying Common Share of the Convertible Security To Date Stock Symbol No. of Shares CEB 14,779,111 Listing Date Aug 18, 2022 Adjustments Issued Shares (if applicable) Type of Security / Stock Symbol Before After CEB 629,109,661 629,128,461 CEBCP 314,168,257 314,149,457 Outstanding Shares (if applicable) Type of Security / Stock Symbol Before After CEB 616,189,811 616,208,611 CEBCP 314,168,257 314,149,457 Listed Shares Type of Security / Stock Symbol Before After CEB 629,109,661 629,128,461 CEBCP 314,168,257 314,149,457 Other Relevant Information In a sworn Corporate Secretary's Certification dated August 16, 2022, the Company certified that a total of 18,800 convertible preferred shares have been converted to 18,800 common shares pursuant to the notices of conversion received on July 20, 2022. Said newly-issued 18,800 underlying common shares will be lodged with the Philippine Depository & Trust Corp. on the listing date. The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. Likewise, the number of CEB and CEBCP's issued, outstanding and listed shares will be accordingly adjusted on listing date. For your information and guidance. Filed on behalf by: Name Norberto Moreno Jr. Designation Listings Department