Monde Nissin Corp.PSE: MONDE

Monde Nissin Corporation: Initial Public Offering - Release of Shares under Lock-Up

· Issued by Monde Nissin Corp.
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