This is with reference to Prime Media Holdings, Inc.’s (“PRIM” or the “Company”) disclosure under Company Announcement No. C04115-2023 dated May 23, 2023. In the said disclosure, the Company disclosed that its Board of Directors approved, among others, the subscription by Angel Maple Properties, Inc. and Cymac Holdings Corporation to 125 million PRIM common shares and to 25 million PRIM common shares, respectively, at Php2.70 per share based on a 30-day Volume Weighted Average Price (VWAP) of Php2.6197 + 2.97% premium, for a total consideration of Php405 million to be paid in cash on or before June 30, 2023.
As previously announced in Disclosure Notice No. DN00066-2023 dated May 23, 2023, the above-mentioned transactions are covered by the Rule on Additional Listing of Securities (the “Additional Listing Rule”) under Article V of the Consolidated Listing and Disclosure Rules of the Exchange.
In compliance with Section 6 of the Additional Listing Rule, the Company submitted PSE Disclosure Form LR-1 – Comprehensive Corporate Disclosure on Issuance of Shares pertaining to the above-mentioned transactions. Please refer to Company Announcement No. C04542-2023 dated June 9, 2023 for the details.
Pursuant to Section 5 of the Additional Listing Rule, the Exchange will implement a one (1) hour trading halt on PRIM’s shares from 1:00 p.m. to 2:00 p.m. today, June 9, 2023.
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NOTICE