AllDay Marts, Inc.: Initial Public Offering - Release of Shares under Lock-Up
June 21, 2022 at 12:24 am EDT
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NOTICE
Subject
AllDay Marts, Inc.: Initial Public Offering - Release of Shares under Lock-Up
Company Name
AllDay Marts, Inc.
Security Details
Type of Security
Stock Symbol
Par Value
Common Shares
ALLDY
Php 0.10
Reference(s)
LN00289-2021 dated October 29, 2021
Type of Transaction(s)
Initial Public Offering
Lock-up Details
Duration of Lock-up
365 days
Applicable Lock-up Rule
Article III, Part D, Section 2 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent
PNB acting through its Trust Banking Group
Date of Execution of Escrow Agreement
Oct 12, 2021
Details of the Mandatory Lock-up
Name of Shareholder
No. of Shares
Stock Symbol
Percentage
AllValue Holdings Corp.
2,615,000,000
ALLDY
11.44
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
ALLDY
2,615,000,000
Expiry of Lock-up
Jun 25, 2022
Effective Date of Tradability of the Shares
Jun 27, 2022
Other Relevant Information
As previously announced in Listing Notice No. LN00289-2021 dated October 29, 2021, in light of AllDay Marts, Inc.'s ("ALLDY" or the "Company") compliance with the lock-up requirement of the Exchange, 2,615,000,000 ALLDY common shares were subject to a lock-up period of 365 days from the full payment of shares. .
In a letter dated June 17, 2022, Philippine National Bank, acting through its Trust Banking Group (the "Escrow Agent"), informed the Exchange that the lock-up period for the 2,615,000,000 ALLDY common shares owned by the above-mentioned Locked-up Shareholder, will expire on June 25, 2022.
In view thereof, the 2,615,000,000 ALLDY common shares that were held in escrow will be eligible for trading starting on Monday, June 27, 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
AllDay Marts Inc. published this content on 21 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2022 04:23:01 UTC.
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.