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

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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.