As previously announced in LN00116-2021 dated May 28, 2021, in view of Monde Nissin Corporation’s (“MONDE” or the “Company”) compliance with the lock-up requirement of the Exchange, 10,743,068,192 common shares were subject to a lock-up period of 180 days from listing date.
In a letter dated November 19, 2021, BDO Unibank, Inc., acting through its Trust and Investments Group, (the “Escrow Agent”) informed the Exchange that the lock-up period for the 10,743,068,192 MONDE common shares owned by the above-mentioned Locked-up Shareholders will expire on November 28, 2021. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent and the above-mentioned shareholders on May 26, 2021.
In view thereof, 10,743,068,192 MONDE common shares that were held in escrow will be eligible for trading starting on Monday, November, 29, 2021, subject to compliance with the Exchange’s rule on lodgment of securities.
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