The Exchange approved the application of OceanaGold (Philippines), Inc. (“OGP” or the “Company”) for the initial listing of 2,280,000,000 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 will have a firm offer of 456,000,000 secondary common shares with an offer price of up to Php 17.28, subject to a book-building process.
The Company has appointed BDO Capital to act as stabilizing agent. The Stabilizing Agent has set aside a stabilization fund equivalent to 10% of the aggregate Offer, which the Stabilizing Agent may use to conduct stabilization activities during a period beginning from the date of listing of the Common Shares on the PSE.
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 same 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.
The Exchange will advise the investing public of further developments on the IPO of the Company.
For your information and guidance. |