CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Apr 7, 2022
2. SEC Identification Number
101
3. BIR Tax Identification No.
320-000-160-247
4. Exact name of issuer as specified in its charter
LEPANTO CONSOLIDATED MINING COMPANY
5. Province, country or other jurisdiction of incorporation
Makati City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
21st Floor, Lepanto Building, 8747 Paseo de Roxas, Makati City, PhilippinesPostal Code1226
8. Issuer's telephone number, including area code
(632) 8815-9447
9. Former name or former address, if changed since last report
n/a
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Class "A"
39,822,869,196
Class "B"
26,552,888,901
11. Indicate the item numbers reported herein
n/a
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Lepanto Consolidated Mining CompanyLC
PSE Disclosure Form 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Stock Rights Offering
Background/Description of the Disclosure
Offering to stockholders of 1 share for every 4.6 shares held
Date of Approval by Board of Directors
Apr 7, 2022
Entitlement Ratio
1 share for every 4.6 shares held
Offer Price
0.14 per share
Number of Shares to be Offered
14,429,512,629
Ex-Rights Date
TBA
Record Date
TBA
Start of Offer Period
TBA
End of Offer Period
TBA
Use of Proceeds
To fund exploration drilling for gold and copper deposits; settlement payables; pension update and capital expenditures; and for working capital.
Other Relevant Information
The offer shares will come from and support the increase in the Company's authorized capital stock from P6,640,000,000 to P9,000,000,000. Given the stock rights offering ("SRO"), there will be necessary adjustments to the Company's share price and outstanding shares that would take place on ex-date.
Please note that the SRO of the Company has not yet been filed with the regulators and when filed, will still be subject to regulatory approvals.