Transpacific Broadband Group Int’l, Inc.: Private Placement - Release of Shares under Lock-Up
June 14, 2022 at 02:03 pm IST
Share
NOTICE
Subject
Transpacific Broadband Group Int'l, Inc.: Private Placement - Release of Shares under Lock-Up
Company Name
Transpacific Broadband Group Int'l, Inc.
Security Details
Type of Security
Stock Symbol
Par Value
Common Shares
TBGI
Php 0.10
Reference(s)
LN00364-2021 dated December 02, 2021
Type of Transaction(s)
Private Placement
Lock-up Details
Duration of Lock-up
180 days
Applicable Lock-up Rule
Article V, Part A, Section 7 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent
AP Securities Incorporated
Date of Execution of Escrow Agreement
Nov 25, 2021
Details of the Mandatory Lock-up
Name of Shareholder
No. of Shares
Stock Symbol
Percentage
Arsenio T. Ng
1,179,806,700
TBGI
31.08
Details of the Voluntary Lock-up (if applicable)
Name of Shareholder
No. of Shares
Stock Symbol
Percentage
-
-
-
-
Total Shares to be Released from Lock-up
Stock Symbol
No. of Shares
TBGI
1,179,806,700
Expiry of Lock-up
Jun 15, 2022
Effective Date of Tradability of the Shares
Jun 16, 2022
Other Relevant Information
As previously announced in Listing Notice No. LN00364-2021 dated December 02, 2021, in light of Transpacific Broadband Group Int'l, Inc.'s ("TBGI" or the "Company") compliance with the lock-up requirement of the Exchange, 1,179,806,700 TBGI common shares were subject to a lock-up period of 180 days from listing date.
In a certification dated June 10, 2022, AP Securities Incorporated (the "Escrow Agent"), informed the Exchange that there was no sale, assignment, or disposition of TBGI shares during the lock-up period.
In view thereof, the 1,179,806,700 TBGI common shares that were held in escrow will be eligible for trading starting on Thursday, June 16, 2022.
For your information and guidance.
Filed on behalf by:
Name
Norberto Moreno Jr.
Designation
Listings Department
Attachments
Original Link
Original Document
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Disclaimer
Transpacific Broadband Group International Inc. published this content on 14 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2022 08:32:05 UTC.
Transpacific Broadband Group International, Inc. is a Philippines-based telecommunications and broadcasting company. The Company is engaged in the business of public commercial radio, terrestrial, cable, and satellite broadcast. The Company has one reportable operating segment, which is the broadband and Internet services. Its services include provision for uplink services, very small aperture terminal (VSAT)-based Internet service, wireless networking, hosting, and content conversion. The Company focuses on Internet, Intranet, and local loop service subscriptions for schools, corporate private sector, and government agencies. It sells data services to subscriber schools for Internet connectivity and virtual private network connectivity, and video uplink services to local and foreign Broadband service providers and TV channels. It provides Internet over Satellite connectivity via C-band Satellite and Kacific Ka-band Satellite, which both cover the continent of Asia and Australia.