1,082,503,000 Common Shares of Balai Ni Fruitas, Inc. are subject to a Lock-Up Agreement Ending on 30-JUN-2023.
June 29, 2023
Share
1,082,503,000 Common Shares of Balai Ni Fruitas, Inc. are subject to a Lock-Up Agreement Ending on 30-JUN-2023. These Common Shares will be under lockup for 365 days starting from 30-JUN-2022 to 30-JUN-2023.
Details:
The PSE rules require that the Company shall cause its existing non-public stockholders and their related parties to refrain from selling, assigning, encumbering or in any manner disposing of their shares for a period of one (1) year after the listing of the subject shares. All other stockholders shall not be subject to mandatory lock-up under this provision.
The PSE Consolidated Listing and Disclosure Rules (the “PSE Listing Rulesâ€) require an applicant company for the SME Board to cause its existing nonpublic shareholders and their related parties to refrain from selling, assigning, encumbering or in any manner disposing of their shares for a period of one (1) year after the listing of such shares. All other stockholders shall not be subject to mandatory lock-up under this provision.
Balai Ni Fruitas Inc. is a Philippines-based food and beverage company. The Company owns vehicles to deliver various materials, supplies, and products to its stores. Its brands across its portfolio allow it to serve an array of products to the local market. The Company has three active brands, namely Buko Ni Fruitas (BNF), Fruitas House of Desserts (FHOD) and Balai Pandesal (BP). Each brand offers specialized products, such as fruit-based beverages and desserts and freshly baked goods. The Company sells a range of products, such as coconut-based desserts, boba shakes, fresh fruit shakes, baked goods and more through its store network and through the store network of the Fruitas Holdings Inc. group. It has a total of 98 stores across the Philippines, operating in three store formats, including store, kiosk, and inline store. Its products are also available through its e-commerce website, www.BabotsMart.com, and through online delivery platforms, such as Foodpanda and Grabfood.
BALAI NI FRUITAS, INC. 
