C00877-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 17,968,611,496 |
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Subject of the Disclosure |
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Monde Nissin Corporation’s (“MONDE’s”) acquisition of a 15% stake in Figaro Coffee Group, Inc. (“FCG”) consisting of new common shares from FCG’s unissued authorized capital stock |
Background/Description of the Disclosure |
On February 2, 2023, MONDE and FCG executed a Subscription Agreement for MONDE’s subscription to 820,268,295 common shares of FCG out of FCG’s unissued authorized capital stock (“Subscription Shares”), at a subscription price of PhP1.00 per share, or a total subscription price of PhP820,268,295.00. This allows Monde to hold shares in FCG to the extent of 15% of the resulting and expanded issued and outstanding capital stock of FCG. |
Other Relevant Information |
The Subscription Price was paid in full by MONDE on the same day via transfer of immediately available funds. FCG shall apply for and secure the approval of the PSE for the listing of the Subscription Shares within One Hundred Eighty (180) days from the Subscription Agreement’s signing, or such longer period as may mutually be determined by the parties. |
Name | Jon Edmarc Castillo |
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Designation | Chief Compliance Officer |