Cebu Air : Conversion of Preferred Shares to Common Shares
March 25, 2022 at 02:56 am EDT
Share
NOTICE
Subject
Cebu Air, Inc. - Conversion of Preferred Shares to Common Shares
Company Name
Cebu Air, Inc.
Security Details
Type of Security
Stock Symbol
Par Value
Common Shares
CEB
Php 1.00
Preferred Shares
CEBP
Php 1.00
Type of Transaction(s)
Conversion of Preferred Shares
Reference(s) [if applicable]
LN00068-2021 dated March 25, 2021
Date of PSE Approval
Jan 20, 2021
Total Convertible Security Approved for Listing (if applicable)
Stock Symbol
No. of Shares
CEBCP
328,947,368
Entitlement Ratio
1 Preferred Share : 1 Common Share
Total Underlying Common Shares of the Convertible Security Approved for Listing
Stock Symbol
No. of Shares
CEB
328,947,368
Payment Terms of the Convertible Security (if applicable)
Full Payment
Exercise Ratio
1 Preferred Share : 1 Common Share
Exercise Price
-
Exercise Period
From and including forty (40) days after March 29, 2021
Expiration Date (if applicable)
Mar 29, 2027
Redemption Period (if applicable)
-
Redemption Date (if applicable)
N/A
Conversion of the Convertible Security to Common Share
Convertible Security Cancelled (if applicable)
No. of Shares
CEBCP
292,000
Underlying Common Shares Exercised
Stock Symbol
No. of Shares
CEB
292,000
Listed Convertible Security To Date (if applicable)
Stock Symbol
No. of Shares
CEBCP
315,725,257
Listed Underlying Common Share of the Convertible Security To Date
Stock Symbol
No. of Shares
CEB
13,222,111
Listing Date
Mar 25, 2022
Adjustments
Issued Shares (if applicable)
Type of Security / Stock Symbol
Before
After
CEB
627,552,661
627,884,661
CEBCP
315,725,257
315,433,257
Outstanding Shares (if applicable)
Type of Security / Stock Symbol
Before
After
CEB
614,632,811
614,924,811
CEBCP
315,725,257
315,433,257
Listed Shares
Type of Security / Stock Symbol
Before
After
CEB
627,552,661
627,844,661
CEBCP
315,725,257
315,433,257
Other Relevant Information
In a sworn Corporate Secretary's Certification dated March 24, 2022, the Company certified that a total of 292,000 convertible preferred shares have been converted to 292,000 common shares pursuant to the notices of conversion received on February 28 and March 8, 2022. Said newly-issued 292,000 underlying common shares will be lodged with the Philippine Depository & Trust Corp. on the listing date.
The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. Likewise, the number of CEB and CEBCP's issued, outstanding and listed shares will be accordingly adjusted on listing date.
This notice is being amended to reflect the correct listed underlying common share of the convertible security to date.
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
CEBU Air Inc. published this content on 25 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2022 06:55:09 UTC.
Cebu Air, Inc. is a Philippines-based airline company that operates under the trade name Cebu Pacific and Cebu Pacific Air. The Company is engaged in the business of providing air transportation services. It is involved in the transportation of passengers, mail, merchandise, and freight, and to acquire, purchase, lease, construct, own, maintain, operate, and dispose of airplanes and other aircraft of every kind and description. In addition to passenger service and airport-to-airport cargo services, the Company also offers ancillary services, such as travel insurance, in-flight merchandise, baggage, and travel-related products and services. It operates in two segments: the airline business and the line and light maintenance business. It operates a fleet of 76 aircraft, which comprises of 21 Airbus A320 CEO, seven Airbus A321 CEO, nine Airbus A320 NEO, 10 Airbus A321 NEO, five Airbus A330 CEO, four Airbus A330 NEO, six ATR 72-500, and 14 ATR 72-600 aircraft.