This is with reference to Disclosure Notice Nos. DN00052-2023 dated May 10, 2023 and DN00055-2023 dated May 17, 2023. As previously announced, pursuant to Article VII, Section 17.8 on Sanctions for Non-Compliance with Certain Structured Reportorial Requirements under the Consolidated Listing and Disclosure Rules of the Exchange, as amended, the failure of Phoenix Petroleum Philippines, Inc. (“PNX” or the “Company”) to comply with the structured reportorial requirements will merit the imposition of a trading suspension of its shares starting on May 18, 2023.
In this connection, please be informed that, as of the posting of this notice, the Company has not yet filed its Annual Report (SEC Form 17-A) for the year ended December 31, 2022.
Given the foregoing, the trading of the Company’s securities shall be suspended effective today, May 18, 2023. |
NOTICE