LN00027-2023

NOTICE

Subject Alternergy Holdings Corporation: Initial Public Offering – Preliminary Terms and Conditions
Company Name Alternergy Holdings Corporation
Mode of Listing Initial Public Offering
Security Details
Type of Security Stock Symbol Par Value
Common Shares ALTER Php 0.10
Issued Shares (Pre and Post-Offer)
Stock Symbol Type of Shares Number of shares
Pre-Offer
Number of shares
Post-Offer
ALTER Common Shares 2,668,840,480 3,933,840,480
Outstanding Shares (Pre and Post-Offer)
Stock Symbol Type of Shares Number of shares
Pre-Offer
Number of shares
Post-Offer
ALTER Common Shares 2,668,840,480 3,933,840,480
Treasury Shares (Pre and Post-Offer) (if applicable)
Stock Symbol Type of Shares Number of shares
Pre-Offer
Number of shares
Post-Offer
- - - -
Primary Offer Shares
Stock Symbol No. of Shares
ALTER Up to 1,150,000,000
Secondary Offer Shares (if applicable)
Stock Symbol No. of Shares
- -
Total Firm Offer Shares
Stock Symbol No. of Shares
ALTER Up to 1,150,000,000
Over-Allotment or Oversubscription Option Shares (if applicable)
Stock Symbol No. of Shares
ALTER Up to 115,000,000
Total Shares Applied for Listing
Stock Symbol No. of Shares
ALTER Up to 3,933,840,480
Offer Price Up to Php1.48
Market Capitalization (Post-IPO) Up to Php5,822,083,910.40
TP Allocation Up to 230,000,000 common shares
Allocation per TP Up to 1,854,000 common shares
LSI Allocation Up to 115,000,000 common shares
Estimated Public Float (with Overallotment/Oversubscription) 32.16%
Estimated Public Float (without Overallotment/Oversubscription) 30.11%
Total Shares Under Escrow
Stock Symbol No. of Shares Duration of Lock-up
ALTER 2,210,257,303 365 days
ALTER 458,583,177 365 days
Parties to the Offer
Function Name of the Party
Sole Issue Coordinator, Joint Issue Manager and Joint Lead Underwriter Investment & Capital Corporation of the Philippines
Joint Issue Manager and Joint Lead Underwriter BDO Capital & Investment Corporation
Co-Lead Underwriter Unicapital, Inc.
Selling Agents Trading Participants of the Exchange
Legal Counsel to the Issuer Martinez Vergara & Gonzalez Sociedad
Legal Counsel for the Joint Issue Managers and Joint Lead Underwriters Romulo Mabanta Buenaventura Sayoc & de los Angeles
Stabilizing Agent BDO Capital & Investment Corporation
Escrow Agent (IPO Proceeds) RCBC Trust and Investment Group
Stock Transfer Agent Stock and Transfer Services, Inc.
Receiving Agent Stock and Transfer Services, Inc.
Escrow Agent RCBC Trust and Investment Group
External Auditor Sycip Gorres Velayo & Co.
Price-Setting Date Mar 7, 2023
Start of Offer Period Mar 13, 2023
End of Offer Period Mar 17, 2023
Tentative Listing Date Mar 24, 2023
Corporate Website Hyperlink to the Prospectus https://www.alternergy.com/company-disclosures
Other Relevant Information

The Exchange approved the application of Alternergy Holdings Corporation ( “ALTER” or the “Company”) for the initial listing of up to 3,933,840,480 common shares, with a par value of Php0.10 per share, under the Main Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”).

The IPO of the Company, with an Offer Price of up to Php1.48 per share, consists of the following:

1. Primary Offering. Up to 1,150,000,000 common shares to be offered and will be issued to the public on a primary basis; and

2. Over-allotment Option of up to 115,000,000 primary common shares.

Attached is a copy of the signed Preliminary Offer Terms Sheet.

The Exchange’s approval of the conduct of the IPO and listing of the Company’s shares is subject to its compliance with any and all of the post-approval conditions and requirements of the Exchange, the Securities and Exchange Commission and other relevant regulatory bodies.

The foregoing approval is without prejudice to any regulatory action that may be undertaken by the Exchange pursuant to its mandate to maintain a fair, orderly, efficient and transparent market for the trading of securities and to determine the suitability of securities for listing.

This notice is being amended to update the number of allocation per Trading Participant (“TP”) based on the latest number of active TPs and to reflect the updated indicative timetable of activities of the Company.

The Exchange will advise the investing public of further developments on the IPO of the Company.

For your information and guidance.

Filed on behalf by:
Name Norberto Moreno Jr.
Designation Listings Department