Synergy Grid & Development Phils., Inc.: Share-for-Share Swap - Release of Shares under Lock-Up
April 27, 2022 at 09:54 pm
Share
NOTICE
Subject
Synergy Grid & Development Phils., Inc.: Share-for-Share Swap - Release of Shares under Lock-Up
Company Name
Synergy Grid & Development Phils., Inc.
Security Details
Type of Security
Stock Symbol
Par Value
Common Shares
SGP
Php 1.00
Reference(s)
LN00292-2021 dated November 2, 2021
Type of Transaction(s)
Share-for-Share Swap ("Share Swap")
Lock-up Details
Duration of Lock-up
180 days
Applicable Lock-up Rule
Article V, Part A, Section 7 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent
Philippine Commercial Capital, Inc. - Trust and Investment Group
Date of Execution of Escrow Agreement
Oct 21, 2021
Details of the Mandatory Lock-up
Name of Shareholder
No. of Shares
Stock Symbol
Percentage
Henry T. Sy, Jr.
2,050,200,000
SGP
38.93
Robert G. Coyiuto, Jr.
2,050,200,000
SGP
38.93
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
SGP
4,100,400,000
Expiry of Lock-up
May 2, 2022
Effective Date of Tradability of the Shares
May 3, 2022
Other Relevant Information
As previously announced in Listing Notice No LN00292-2021 dated November 2, 2021, in light of Synergy Grid & Development Phils., Inc.'s ("SGP" or the "Company") compliance with the lock-up requirement of the Exchange, 4,100,400,000 SGP common shares were subjected to a lock-up period of 180 days from listing date.
In a letter dated April 22, 2022, Philippine Commercial Capital, Inc. - Trust and Investment Group (the "Escrow Agent"), informed the Exchange that the lock-up period for the 4,100,400,000 SGP common shares owned by the above-mentioned locked-up shareholders will end on May 2, 2022.
In view thereof, the 4,100,400,000 SGP common shares that were held in escrow will be eligible for trading starting on Tuesday, May 3, 2022.
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
Synergy Grid and Development Phils Inc. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 01:53:03 UTC.
Synergy Grid & Development Phils., Inc. is a Philippines-based holding company. The Company is engaged in general construction and other allied businesses. The Company operates through transmission business segment. It operates transmission services across Luzon, Visayas, and Mindanao. The Company's subsidiaries include OneTaipan Holdings, Inc. (OTHI), Pacifica21 Holdings, Inc. (P21), Monte Oro Grid Resources Corporation (MOGRC), Calaca High Power Corporation (CHPC), and National Grid Corporation of the Philippines (NGCP). The CHPC engages in the general business of operating, managing, maintaining, and rehabilitating energy systems and services from gas, steam, and electricity including related services and business activities. The NGCP operates and maintains a nationwide transmission grid throughout the Philippines to provide open and non-discriminatory access to the transmission system to all authorized electricity distributors and electricity users.