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 CEBCP Php 1.00
Type of Transaction(s) Conversion of Preferred Shares
Reference(s) [if applicable] LN00068-2021 dated March 25, 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 18,800
Underlying Common Shares Exercised
Stock Symbol No. of Shares
CEB 18,800
Listed Convertible Security To Date (if applicable)
Stock Symbol No. of Shares
CEBCP 314,168,257
Listed Underlying Common Share of the Convertible Security To Date
Stock Symbol No. of Shares
CEB 14,779,111
Listing Date Aug 18, 2022

Adjustments

Issued Shares (if applicable)
Type of Security / Stock Symbol Before After
CEB 629,109,661 629,128,461
CEBCP 314,168,257 314,149,457
Outstanding Shares (if applicable)
Type of Security / Stock Symbol Before After
CEB 616,189,811 616,208,611
CEBCP 314,168,257 314,149,457
Listed Shares
Type of Security / Stock Symbol Before After
CEB 629,109,661 629,128,461
CEBCP 314,168,257 314,149,457
Other Relevant Information

In a sworn Corporate Secretary's Certification dated August 16, 2022, the Company certified that a total of 18,800 convertible preferred shares have been converted to 18,800 common shares pursuant to the notices of conversion received on July 20, 2022. Said newly-issued 18,800 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.

For your information and guidance.

Filed on behalf by:
Name Norberto Moreno Jr.
Designation Listings Department

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CEBU Air Inc. published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 09:41:09 UTC.