Share-for-Share Swap Transaction
On February 17, 2017, the Board of Directors of Apollo Global Capital, Inc. (“APL” or the “Company”) approved the subscription to a total of 247,396,071,520 common shares (the “Swap Shares”) of the Company by Hyung Rae Doo, Napoleon M. de Leon, Lloyd Reagan C. Taboso and Daniel Chua Go (collectively, the “Subscribers”) in exchange for shares of stock owned by the Subscribers in JDVC Resources Corporation.
The Swap Shares were issued out of the increase in APL’s authorized capital stock, which was approved by the Securities and Exchange Commission (“SEC”) on October 9, 2017.
Please refer to the relevant disclosures of the Company on the following dates:
1. C00904-2017 dated February 20, 2017; 2. C00905-2017 dated February 20, 2017; 3. C01151-2017 dated March 1, 2017; and 4. C06106-2017 dated October 11, 2017.
Debt-to-Equity Conversion
On February 20, 2019, the Board of Directors of the Company authorized the Company to enter into a Convertible Loan Agreement with Ms. Joanna B. Co in the amount of Php 50,000,000.00.
Further, on September 11, 2019, the Board approved the conversion of the above loan to 5,140,277,777 APL common shares.
For further information regarding the Conversion Shares, please refer to the relevant disclosures of the Company on the following dates:
1. C01026-2019 dated February 20, 2019; and 2. C06284-2019 dated September 11, 2019.
As of August 9, 2021, the Company has complied with the applicable requirements of the Exchange for the listing of the Swap Shares and Conversion Shares including, among others, the submission of the sworn Corporate Secretary’s Certification attesting that the Conversion Shares shall be duly lodged with the Philippine Depository & Trust Corp. (“PDTC”) and shall be made available in the PDTC system on the scheduled listing date.
The number of APL’s listed shares will be accordingly adjusted on the listing date.
This notice is being amended to inform the investing public that in a letter dated August 11, 2021, the Company informed the Exchange that the shares held by Hyung Rae Doo, Napoleon M. De Leon, Jr., Lloyd Reagan C. Taboso and Daniel Chua Go in relation to the Share-for-Share Swap Transaction, and the shares held by Joanna B. Co in relation to the Debt-to-Equity Transaction, will be voluntarily locked-up for a period of 180 days from listing of the said shares.
For your information and guidance. |