DN00035-2017

NOTICE

Subject IMP – Declassification of Shares and Change in Par Value; Trading Halt
Background

This is with reference to the disclosures filed by Imperial Resources, Inc. (“IMP” or the “Company”) under C00786-2017 and C00787-2017 both dated February 15, 2017, pertaining to the approval by the Securities and Exchange Commission of the (i) the declassification of the Company’s common Class “A” and common Class “B” shares into a single class of Common Shares, and (ii) the change in par value of its shares from Php 5.00 per share to Php 1.00 per share.

As previously announced, the declassification of the Company’s common Class “A” and common Class “B” shares into a single class of Common Shares, and the change in par value of its shares from Php 5.00 per share to Php 1.00 per share will be reflected on the Exchange’s trading system effective on February 22, 2017.

In order to alert all concerned parties on the foregoing matter and the corresponding adjustments in the Company’s share price, and the number of issued, outstanding and listed shares, the Exchange will implement a one (1) hour trading halt on IMP shares on February 22, 2017, Wednesday.
Name of Listed Company Imperial Resources, Inc.

Adjustments

Par Value
Type of Security / Stock Symbol Before After
Common Class “A” / IMP Php 5.00 -
Common Class “B” / IMPB Php 5.00 -
Common Shares / IMP - Php 1.00
Authorized Capital Stock
Type of Security / Stock Symbol Before After
Common Class “A” / IMP Php 1,080,000,000.00 -
Common Class “B” / IMPB Php 720,000,000.00 -
Common Shares / IMP - Php 1,800,000,000.00
Issued Shares
Type of Security / Stock Symbol Before After
Common Class “A” / IMP 78,300,000 -
Common Class “B” / IMPB 52,200,000 -
Adjusted Common Shares / IMP (after declassification) - 130,500,000
Adjusted Common Shares / IMP (after change in par value from Php5.00 per share to Php1.00 per share) - 652,500,000
Outstanding Shares
Type of Security / Stock Symbol Before After
Common Class “A” / IMP 78,300,000 -
Common Class “B” / IMPB 52,200,000 -
Adjusted Common Shares / IMP (after declassification) - 130,500,000
Adjusted Common Shares / IMP (after change in par value from Php5.00 per share to Php1.00 per share) - 652,500,000
Listed Shares
Type of Security / Stock Symbol Before After
Common Class “A” / IMP 14,000,000 -
Common Class “B” / IMPB 6,000,000 -
Adjusted Common Shares / IMP (after declassification) - 20,000,000
Adjusted Common Shares / IMP (after change in par value from Php5.00 per share to Php1.00 per share) - 100,000,000
Treasury Shares
Type of Security / Stock Symbol Before After
Common Class “A” / IMP - -
Common Class “B” / IMPB - -
Adjusted Common Shares / IMP (after declassification) - -
Adjusted Common Shares / IMP (after change in par value from Php5.00 per share to Php1.00 per share) - -
Price
Type of Security / Stock Symbol Before After
Common Class “A” / IMP Php 19.52 -
Common Class “B” / IMPB Php 116.00 -
Adjusted Common Shares / IMP (after declassification) - Php 58.10
Adjusted Common Shares / IMP (after change in par value from Php5.00 per share to Php1.00 per share) - Php 11.62
Effective Date Feb 22, 2017
Market Action
  • Trading Halt
  • Trading Suspension
Stock Symbol(s) of
Affected Securities		 IMP
Market Action Details
Execution Date Feb 22, 2017
Execution Time 9:00AM
Lifting Date Feb 22, 2017
Lifting Time 10:00AM
Other Relevant Information

In accordance with the existing policies of the Exchange, please be advised that the static threshold (trading band) on the adjusted price of IMP shares will be lifted tomorrow, February 22, 2017, for the purpose of determining its own market value. Please refer to the attached file for the computation of the adjusted price due to declassification of the Company’s shares.
Reference(s)

C00786-2017 and C00787-2017 both dated February 15, 2017