LN00106-2023

NOTICE

Subject Repower Energy Development Corporation: Initial Public Offering – Preliminary Terms and Conditions
Company Name Repower Energy Development Corporation
Mode of Listing Initial Public Offering - Main
Security Details
Type of Security Stock Symbol Par Value
Common Shares REDC Php 1.00
Issued Shares (Pre and Post-Offer)
Stock Symbol Type of Shares Number of shares
Pre-Offer		 Number of shares
Post-Offer
REDC Common Shares 450,000,002 650,000,002
Outstanding Shares (Pre and Post-Offer)
Stock Symbol Type of Shares Number of shares
Pre-Offer		 Number of shares
Post-Offer
REDC Common Shares 450,000,002 650,000,002
Treasury Shares (Pre and Post-Offer) (if applicable)
Stock Symbol Type of Shares Number of shares
Pre-Offer		 Number of shares
Post-Offer
- Common Shares - -
Primary Offer Shares
Stock Symbol No. of Shares
REDC 200,000,000
Secondary Offer Shares (if applicable)
Stock Symbol No. of Shares
- -
Total Firm Offer Shares
Stock Symbol No. of Shares
REDC 200,000,000
Over-Allotment or Oversubscription Option Shares (if applicable)
Stock Symbol No. of Shares
REDC Up to 30,000,000
Total Shares Applied for Listing
Stock Symbol No. of Shares
REDC Up to 650,000,002
Offer Price Up to Php 5.00
Market Capitalization (Post-IPO) Up to Php 3,250,000,010
TP Allocation Up to 40,000,000 common shares equivalent to Php 200,000,000.00
Allocation per TP Up to 320,000 common shares equivalent to Php 1,600,000.00
LSI Allocation Up to 20,000,000 common shares equivalent to Php 100,000,000.00
Estimated Public Float (with Overallotment/Oversubscription) 35.38%
Estimated Public Float (without Overallotment/Oversubscription) 30.77%
Dividend Rate
Stock Symbol Dividend Rate
- -
Total Shares Under Escrow
Stock Symbol No. of Shares Duration of Lock-up
REDC 449,999,995 180 days
REDC 2 365 Days
Parties to the Offer
Function Name of the Party
Sole Issue Manager, Lead Underwriter and Sole Bookrunner China Bank Capital Corporation
Counsel to the Issuer Romulo Mabanta Buenaventura Sayoc & de los Angeles
Counsel to the Sole Issue Manager, Lead Underwriter and Sole Bookrunner SyCip Salazar Hernandez & Gatmaitan
Stabilizing Agent China Bank Securities Corporation
Stock Transfer Agent Professional Stock Transfer, Inc.
Receiving Agent Stock Transfer Services, Inc.
Escrow Agent China Banking Corporation - Trust and Asset Management Group
External Auditor Reyes Tacandong & Co.
Price/Dividend Rate Setting Date May 30, 2023
Start of Offer Period Jun 6, 2023
End of Offer Period Jun 16, 2023
Tentative Listing Date Jun 26, 2023
Corporate Website Hyperlink to the Prospectus TBD
Other Relevant Information

The Exchange approved the application of Repower Energy Development Corporation (“REDC” or the “Company”) for the initial listing of up to 650,000,002 common shares, with a par value of Php1.00 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 Php 5.00 per share, consists of the following:

1. Primary Offering of 200,000,000 common shares to be offered; and

2. Over-allotment Option of up to 30,000,000 secondary common shares.

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

The Exchange’s approval only relates to REDC’s conduct of the IPO and listing of the Company’s shares and is subject to 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 same is without prejudice to any subsequent action that the Exchange may take in relation to the Company’s compliance with applicable rules of the Exchange.

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