As previously announced in Listing Notice No LN00292-2021 dated November 2, 2021, in light of Synergy Grid & Development Phils., Inc.’s (“SGP” or the “Company”) compliance with the lock-up requirement of the Exchange, 4,100,400,000 SGP common shares were subjected to a lock-up period of 180 days from listing date.
In a letter dated April 22, 2022, Philippine Commercial Capital, Inc. - Trust and Investment Group (the “Escrow Agent”), informed the Exchange that the lock-up period for the 4,100,400,000 SGP common shares owned by the above-mentioned locked-up shareholders will end on May 2, 2022.
In view thereof, the 4,100,400,000 SGP common shares that were held in escrow will be eligible for trading starting on Tuesday, May 3, 2022.
For your information and guidance. |