Who can participate in the IPO?

The shares allocated for the Local Small Investors may be purchased by any natural person of legal age regardless of nationality, subject to, among others, the Restrictions on Ownership, as described in the Final Prospectus.

What is the minimum and maximum share subscription per applicant?

Each applicant may subscribe to a minimum of ₱600 (1,000 shares), and thereafter, in multiple of ₱600 (1,000 shares), but in no case subscribe to more than ₱300,000 (500,000 shares).

Can I subscribe to the shares by submitting physical application forms?

No, only applications duly accomplished via PSE EASy will be received and accepted.

When is the deadline to complete the application?

Applications must be completed on or before 12:00 p.m. of October 25, 2021.

Will PSE EASy accept multiple applications?

No, multiple applications (i.e. two or more applications made by the same applicant) via PSE EASy will not be accepted.

Do I need a securities trading account to subscribe?

Yes, only PSE EASy accounts with a nominated stock broker or PSE Trading Participant will be accepted. Refer to the instructions above to learn how to open a securities trading account.

How do I ask my nominated stock broker to verify my PSE EASy account?

Check the “My Trading Participant” section of your PSE EASy account for the contact information of your nominated broker.

How do I know that my nominated stock broker has verified my PSE EASy account?

Notification will be sent to your email by PSE EASy on any developments regarding the validation of your account.

Will payment guarantee my subscription?

Applications will be processed on a first-come, first-served basis, while final allocation of the shares will be determined pursuant to allocation mechanics stipulated in the LSI Guidelines.

Where can I find my PSE EASy reference number?

The PSE EASy Reference Number will only be generated upon successful application through PSE EASy. PSE EASy will generate a unique 20-character PSE EASy Reference Number that follows this format: “ALLDYXXXXXXXXXXXXXXX”. The PSE EASy Reference Number will also be included in the payment instructions generated by PSE EASy and delivered to the applicant via electronic email. Please refer to the instructions above for more details on the PSE EASy subscription process.

When is the deadline to pay my subscription?

For applicants who have nominated COL Financial and First Metro Sec as default brokers, refer to the payment instructions above. COL Financial and First Metro Sec have specific payment instructions and payments must be settled on the relevant deadlines. For applicants with other entities as the default brokers, click here to access the payment instructions. Failure to settle on or before the deadline will result to rejection of subscription.

Do I need to open an account with PNB to pay for my subscription?

No, just go to any PNB Branch to pay for your subscription via over-the-counter bills payment. To check the list of operating PNB branches, visit the link: PNB Open Branches Note that there are separate payment instructions for applicants with the “default brokers” (see above list) as the nominated broker.

Can I pay my subscription via online banking/interbank fund transfer of other banks?

No, only the payment options above will be available for this offer.

When will my payment be reflected?

Expect your payment to be reflected in PSE EASy up two (2) banking days from date of payment. You may check your PSE EASy account for updates on your subscription.

When will I be notified of my allocation?

Expect your allocation to be reflected in PSE EASy on or about October 26, 2021. You may check your PSE EASy account for updates on your subscription.

My share allocation is less than the amount of my actual share subscription. How will I receive my refund?

In the event that (i) the number of shares to be received by an applicant, as confirmed by the Sole Issue Manager (PNB Capital and Investment Corporation), is less than the number covered by its application, (ii) the applicant’s payment is incomplete or below the full payment amount of the application, or (ii) if an application is rejected by the Company, then the Receiving Agent shall refund, without interest, on November 2, 2021, all or a portion of the payment corresponding to the number of shares wholly or partially rejected. All refunds shall be made through the Receiving Agent (Philippine National Bank acting through its Trust Banking Group), at the applicant’s risk. Check refunds shall be available for pick-up at the office of the Receiving Agent located at Philippine National Bank, Trust Banking Group, PNB Financial Center, Pres. Diosdado Macapagal Blvd., Pasay City starting November 2, 2021. 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 applicant’s registered address at the applicant’s risk. Note that there may be separate refund instructions for applicants with COL Financial and First Metro Sec as the nominated broker.

Will I receive a stock certificate for my shares?

As required under the listing rules of the PSE, the shares should be in scripless form and lodged with the Philippine Depository and Trust Corporation (PDTC).

I want to convert my shares from scripless form to certificated. Who should I contact?

An investor may request for his/her ownership of the shares to be converted from scripless form to certificated form through his/her nominated stock broker or PSE Trading Participant only after the shares have been listed. The cost of the issuance for such stock certificates shall be for the account of the investor.