13,380,000,000 Common Shares of AllDay Marts, Inc. are subject to a Lock-Up Agreement Ending on 3-MAY-2022.
May 02, 2022
Share
13,380,000,000 Common Shares of AllDay Marts, Inc. are subject to a Lock-Up Agreement Ending on 3-MAY-2022. These Common Shares will be under lockup for 181 days starting from 3-NOV-2021 to 3-MAY-2022.
Details:
13,380,000,000 common shares held by AllValue Holdings Corp., will be subject to Lock-up Period of 180 days after the Listing Date. Assuming the Overallotment Option is exercised 12,694,286,000 common shares will be subject to Lock-up Period of 180 days after the Listing Date.
2,615,000,000 common shares held by AllValue Holdings Corp., 1,000 common shares held by Jessie D. Cabaluna and 1,000 common shares held by Raul Juan N. Esteban, will be subject to Lock-up Period of 365 days from full payment of such Shares.
AllDay Marts, Inc. is a supermarket operator. The Company is engaged in retailing, merchandising, buying, selling, marketing, importing, exporting, franchising, acquiring, holding, distributing, warehousing, trading, exchanging, or otherwise dealing in all kinds of products and services. The Company operates an in-store and online integrated modern grocery business offering approximately 4,200 local and international product brands that fall under three key categories, namely fresh items, food items and non-food items. It offers value-added services in its stores, such as Paluto, Gastroville, Customer Service Counter and Personal Shopper Service. The Company also operates its own e-commerce platform through www.allday.com.ph. In addition, customers may also do their shopping through the Companyâs personal shopper service. Gastroville is an in-store food hub, curated to reflect international cuisines and is akin to hawker centers found in developed countries.