LN00088-2017 |
Subject | Eagle Cement Corporation: Initial Public Offering – Offering Memorandum |
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Company Name | Eagle Cement Corporation |
Type of Security | Stock Symbol | Par Value | |
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Common Shares | EAGLE | Php 1.00 |
Mode of Listing | Initial Public Offering |
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Board | Main Board |
Date of PSE Approval | May 10, 2017 |
Stock Symbol | No. of Shares | |
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EAGLE | 5,000,000,005 |
Stock Symbol | No. of Shares | |
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EAGLE | 5,000,000,000 |
Stock Symbol | No. of Shares | |
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EAGLE | 5 |
Stock Symbol | No. of Shares | |
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EAGLE | 500,000,000 |
Stock Symbol | No. of Shares | |
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- | - |
Stock Symbol | No. of Shares | |
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EAGLE | 500,000,000 |
Stock Symbol | No. of Shares | |
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EAGLE | 75,000,000 |
Stock Symbol | No. of Shares | |
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EAGLE | 5,000,000,005 |
Offer Price | Up to Php 16.00 |
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Market Capitalization (Post-IPO) | Up to Php 80,000,000,000.00 |
TP Allocation | 100,003,200 common shares equivalent to up to Php 1,600,051,200.00 |
Allocation per TP | 757,600 common shares equivalent to up to Php 12,121,600.00 |
LSI Allocation | 50,000,000 common shares equivalent to up to Php 800,000,000.00 |
Estimated Public Float (Post-IPO) | 10.00% |
Applicable Lock-up Rule | Article III, Part D, Section 2 of the Listing Rules |
Stock Symbol | No. of Shares | Duration of Lock-up | |
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EAGLE | 4,403,571,422 | 180 days | |
EAGLE | 6 | 365 days |
Lead Underwriter(s) | China Bank Capital Corporation, PNB Capital and Investment, and SB Capital Investment Corporation |
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Stabilizing Agent (if applicable) | Philippine Equity Partners, Inc. |
Function | Name of the Party | |
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Joint Issue Managers and Bookrunners | China Bank Capital Corporation, PNB Capital and Investment, and SB Capital Investment Corporation | |
Joint Lead Underwriters | China Bank Capital Corporation, PNB Capital and Investment, and SB Capital Investment Corporation | |
Co-Lead Underwriter | - | |
Legal Counsel to the Issuer | Picazo, Buyco, Tan, Fider & Santos | |
Legal Counsel to the Joint Issue Managers, Joint Bookrunners and Joint Lead Underwriters | SyCip Salazar Hernandez & Gatmaitan |
Stock Transfer Agent | Rizal Commercial Banking Corporation – Trust Division |
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Receiving Agent | Rizal Commercial Banking Corporation – Trust Division |
Escrow Agent | Bank of Commerce – Trust Division |
External Auditor | Reyes Tacandong & Co. |
Price-Setting Date | May 11, 2017 |
Start of Offer Period | May 16, 2017 |
End of Offer Period | May 22, 2017 |
Tentative Listing Date | May 29, 2017 |
Corporate Website Hyperlink to the Prospectus | TBA |
Other Relevant Information |
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The Exchange’s approval of the Initial Public Offering (“IPO”) of the common shares of Eagle Cement Corporation (“EAGLE” or the “Company”) is subject to its compliance with all of the post-approval conditions and requirements of the Exchange. |