C06891-2022

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)
Sep 9, 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, Philippines Postal Code 1226
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

SRO price and other details have been changed in consideration of the present market condition, to wit:
From (original terms) To (as revised)
Price P0.14 per share P0.12 per share (Par value)
Ratio 1: 4.6 1:3.95
No. of shares 14,429,512,629 16,803,989,391
Value of SRO P2,020,131,768 P2,016,478,727

Date of Approval by Board of Directors Jul 18, 2022
Entitlement Ratio 1 share for every 3.95 shares held
Offer Price 0.12 per share
Number of Shares to be Offered 16,803,989,391
Ex-Rights Date TBA
Record Date TBA
Start of Offer Period TBA
End of Offer Period TBA
Use of Proceeds

To fund its Exploration/drilling and other capital expenditures; settlement of debts; and retirement and other employees benefits.

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.

The Board authorized the CFO/Senior Management to change the price and other SRO details on July 18, 2022. Actual change was made only today, September 9, 2022.

Please note that the SRO of the Company has not yet been filed with the Exchange and when filed, will still be subject to regulatory approvals.

Filed on behalf by:
Name Odette Javier
Designation Vice President and Assistant Corporate Secretary