C00878-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 4,648,187,003 |
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Subject of the Disclosure |
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Signing of Subscription Agreement between Figaro Coffee Group, Inc. and Monde Nissin Corporation |
Background/Description of the Disclosure |
At the special meeting of the Board of Directors of the Figaro Coffee Group, Inc. (the “Company” or “FCG”) held on 25 January 2023, the Board of Directors of the Company approved: (a) the issuance of 820,268,295 common shares (the “Subscription Shares”) from the existing authorized and unissued capital stock of the Company, at a subscription price of One Peso (P 1.00) per share, or a total subscription price of Eight Hundred Twenty Million Two Hundred Sixty-Eight Thousand Two Hundred and Ninety-Five Philippine Pesos (P 820,268,295.00) to Monde Nissin Corporation (the “Subscriber” or “MONDE”); (b) the execution of the Subscription Agreement with the Subscriber under the terms and conditions which management deems beneficial to the Company; and (c) the listing of the said shares with The Philippine Stock Exchange, Inc. (“PSE”). |
Other Relevant Information |
For further reference, please see PSE Circular Nos. C00649-2023 dated January 26, 2023 (Material Information), C00650-2023 dated January 26, 2023 (Press Release) and C00868-2023 dated February 2, 2023 (Comprehensive Corporate Disclosure on Issuance of Shares) for the previous relevant disclosures of FCG. |
Name | Jose Petronio Vicente III Español |
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Designation | Treasurer, Chief Finance Officer, Chief Risk Officer |