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, 1,609,671,504 common shares were subject to a lock-up period of 365 days, where 381,060,000 common shares were locked-up from the full payment date of May 6, 2021.
In a letter dated April 29, 2022, BDO Unibank, Inc., acting through its Trust and Investments Group, (the “Escrow Agent”) informed the Exchange that the lock-up period for the 381,060,000 MONDE common shares owned by the above-mentioned Locked-up Shareholder will expire on May 6, 2022. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent, and the above-mentioned shareholder on May 26, 2021.
In view thereof, 381,060,000 MONDE common shares that were held in escrow will be eligible for trading starting on Monday, May 9, 2022, subject to compliance with the Exchange’s rule on lodgment of securities.
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