NOTICE

Subject	Medilines Distributors Incorporated: Initial Public Offering – Preliminary Terms and Conditions
Company Name	Medilines Distributors Incorporated
Mode of Listing	Initial Public Offering

Security Details
Type of Security	Stock Symbol	Par Value
Common Shares	MEDIC	Php0.25

Issued Shares (Pre and Post-Offer)
Stock Symbol	Type of Shares	Number of shares Pre-Offer	Number of shares Post-Offer
MEDIC	Common Shares	-	Up to 2,750,000,800

Outstanding Shares (Pre and Post-Offer)
Stock Symbol	Type of Shares	Number of shares Pre-Offer	Number of shares Post-Offer
MEDIC	Common Shares	-	Up to 2,750,000,800

Treasury Shares (Pre and Post-Offer) (if applicable)
Stock Symbol	Type of Shares	Number of shares Pre-Offer	Number of shares Post-Offer
-	-	-	-

Primary Offer Shares
Stock Symbol	No. of Shares
MEDIC	Up to 550,000,000

Secondary Offer Shares (if applicable)
Stock Symbol	No. of Shares
MEDIC	Up to 275,000,000

Total Firm Offer Shares
Stock Symbol	No. of Shares
MEDIC	Up to 825,000,000

Over-Allotment or Oversubscription Option Shares (if applicable)
Stock Symbol	No. of Shares
-	-

Total Shares Applied for Listing
Stock Symbol	No. of Shares
MEDIC	Up to 2,750,000,800

Offer Price	Up to Php2.45
Market Capitalization (Post-IPO)	Up to Php6,737,501,960.00
TP Allocation	Up to 165,000,000 common shares equivalent to up to Php404,250,000.00
Allocation per TP	Up to 1,320,000 common shares equivalent to up to Php3,234,000.00
LSI Allocation	Up to 82,500,000 common shares equivalent to up to Php202,125,000.00
Estimated Public Float (with Overallotment/Oversubscription)	Not applicable.
Estimated Public Float (without Overallotment/Oversubscription)	30.00%

Total Shares Under Escrow
Stock Symbol	No. of Shares	Duration of Lock-up
MEDIC	1,324,998,800	180 days
MEDIC	600,002,000	365 days

Parties to the Offer
Function	Name of the Party
Sole Issue Manager, Lead Underwriter and Sole Bookrunner	PNB Capital and Investment Corporation
Legal Counsel to the Company	Picazo Buyco Tan Fider & Santos Law Offices
Legal Counsel to the Sole Issue Manager, Lead Underwriter and Sole Bookrunner	Romulo Mabanta Buenventura Sayoc & de los Angeles
Selling Agents	PSE Trading Participants

Stock Transfer Agent	Philippine National Bank acting through its Trust Banking Group
Receiving Agent	Philippine National Bank acting through its Trust Banking Group
Escrow Agent	Philippine National Bank acting through its Trust Banking Group
External Auditor	Punongbayan & Araullo
Price-Setting Date	Nov 16, 2021
Start of Offer Period	Nov 22, 2021
End of Offer Period	Nov 26, 2021
Tentative Listing Date	Dec 7, 2021
Corporate Website Hyperlink to the Prospectus	TBD

Other Relevant Information
The Exchange approved the application of Medilines Distributors Incorporated (“MEDIC” or the “Company”) for the initial listing of up to 2,750,000,800 common shares, with a par value of Php0.25 per share, under the Main Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”) with the following details: 1. 2,200,000,800 common shares, representing the total number of issued and outstanding shares of the Company prior to the initial public offering of the Company’s shares; and 2. Up to 550,000,000 common shares, representing the total number of shares to be offered to the public on a primary basis. The IPO of the Company, with an Offer Price of up to Php2.45 per share, consists of the following: 1. Primary Offering of up to 550,000,000 common shares, which will be issued and offered to the public on a primary basis; and 2. Secondary Offering of up to 275,000,000 by Mr. Virgilio B. Villar (“the Selling Shareholder”). 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 all of the post-approval conditions and requirements of the Exchange. The Exchange will advise the investing public of further developments on the IPO of the Company. For your information and guidance.

Other Relevant Information

The Exchange approved the application of Medilines Distributors Incorporated (“MEDIC” or the “Company”) for the initial listing of up to 2,750,000,800 common shares, with a par value of Php0.25 per share, under the Main Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”) with the following details:

1. 2,200,000,800 common shares, representing the total number of issued and outstanding shares of the Company prior to the initial public offering of the Company’s shares; and

2. Up to 550,000,000 common shares, representing the total number of shares to be offered to the public on a primary basis.

The IPO of the Company, with an Offer Price of up to Php2.45 per share, consists of the following:

1. Primary Offering of up to 550,000,000 common shares, which will be issued and offered to the public on a primary basis; and

2. Secondary Offering of up to 275,000,000 by Mr. Virgilio B. Villar (“the Selling Shareholder”).

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 all of the post-approval conditions and requirements 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