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
  • Permalink

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.