Please be advised that we received the attached letter from PNB Capital and Investment Corporation, the Sole Issue Manager, Joint Lead Underwriter and Joint Bookrunner for the initial public offering (“IPO”) of AllDay Marts, Inc. (“ALLDY” or the “Company”), in relation to the refund of subscription payments made for ALLDY’s IPO.
As stated in the attached letter:
“. . . .
The overwhelming demand from the Local Small Investors (‘LSIs’) who participated in AllDay Marts, Inc.’s (the ‘Company’) initial public offering (‘IPO’) and subscribed to the Company’s common shares resulted in the total demand for the Offer Shares exceeding the maximum allocation of 685,715,000 common shares with an oversubscription of 1,107,444,000 common shares (or 1.62x). Due to the oversubscription, a total of 1,781 investors will be receiving refunds for the excess amount subscribed and paid for.
Given the numerous affected investors and considering that preparing a check representing its/his/her refund will be cumbersome and may take time, PNB Capital and Investment Corporation, the sole issue manager of the IPO, together with the Company request to amend the refund process as set out in paragraph 17 of the LSI Guidelines.
Paragraph 17 of the LSI Guidelines:
‘…For LSI Applicants with the nominated PSE broker specified in the table below, all refunds shall be made through the nominated PSE broker, at the LSI Applicant’s risk. The refunds will be processed by the Receiving Agent directly to the nominated PSE brokers by transferring immediately available funds to the relevant bank account of, or via check to, each of the nominated PSE brokers in such amount representing the total refund due to all the clients of the relevant PSE broker on or before the fifth (5th) business day after the end of the offer period or on November 2, 2021. The affected LSI subscribers may coordinate directly with their respective nominated PSE broker, as indicated in the submitted LSI Application.
Consenting PSE Brokers for the “ALLDY Direct-to-PSE Broker” Refund Process:
1. A&A Securities Inc.
2. AAA Southeast Equities Inc.
3. Abacus Securities Corporation
4. Alpha Securities Corporation
5. BDO Securities Corporation
6. COL Financial Group Inc.
7. CTS Global Equity Group Inc.
8. DA Market Securities Inc.
9. Eagle Equities Inc.
10. Evergreen Stock Brokerage & Securities Inc.
11. F. Yap Securities Inc.
12. First Metro Securities Brokerage Corporation
13. H.E. Bennett Securities Inc.
14. HDI Securities Inc.
15. Lucky Securities Inc.
16. Maybank ATR Kim Eng Securities Inc.
17. Papa Securities Corporation
18. Philstocks Financial Inc.
19. PNB Securities Inc.
20. Quality Investments & Securities Corporation
21. R. Coyiuto Securities Inc.
22. RCBC Securities Inc.
23. SB Equities Inc.
24. Solar Securities Inc.
25. Star Alliance Securities Corporation
26. Sunsecurities Inc.
27. Timson Securities Inc.
28. Triton Securities Corporation
29. Unicapital Securities Inc.
30. UPCC Securities Corporation
31. Value Quest Securities Corporation
32. Wealth Securities Inc.
For all other LSI Applicants with the nominated PSE broker not specified in the table above, check refunds shall be available for pick-up at the office of the Receiving Agent at Philippine National Bank, Trust Banking Group, PNB Financial Center, President Diosdado Macapagal Boulevard, Pasay City. If such check refunds are not claimed after thirty (30) calendar days following the beginning of the refund period, such checks shall be mailed to the LSI Applicant’s registered address at the LSI Applicant’s risk.”
The Exchange will advise the investing public of any further developments on the Company’s IPO.
For your information and guidance. |
NOTICE