NOTICE
Subject Jollibee Foods Corporation: Stock Option Plan - Additional Listing
Company Name Jollibee Foods Corporation
Security Details
Type of Security Stock Symbol Par Value
Common Shares JFC Php 1.00
Total SOP Shares Approved for Listing
Stock Symbol Type/s of SOP No. of Shares
JFC MSOP and ELTIP 101,500,000
JFC MSOP and ELTIP 31,500,000
Summary of Shares to be Listed
Stock Symbol Type/s of SOP Number of Common Shares Fully-Paid
JFC MSOP 406,666
JFC ELTIP -
Total Shares Listed under SOP
Stock Symbol No. of Shares
JFC 96,848,488
Listing Date Jul 26, 2022

Adjustments

Issued Shares (if applicable)
Type of Security / Stock Symbol Before After
JFC 1,128,429,221 1,128,429,221
Outstanding Shares (if applicable)
Type of Security / Stock Symbol Before After
JFC 1,111,981,881 1,111,981,881
Listed Shares
Type of Security / Stock Symbol Before After
JFC 1,123,943,154 1,124,349,820
Other Relevant Information

On November 8, 2006, the Exchange approved Jollibee Foods Corporation's ("JFC" or the "Company") application for listing of additional 101,500,000 common shares, with a par val-ue of Php 1.00 per share, covering JFC's Senior Management Stock Option Plan ("MSOP"). The exercise price of the MSOP is based on the Fair Market Value of each JFC share at the time of grant with a discount of up to 15%. Such Fair Market Value is based on the average closing price of JFC common shares for a period of thirty (30) days to one hundred eighty (180) days.

On December 18, 2007, the Company advised the Exchange that the total number of common shares allocated for the MSOP shall be reserved for the Company's two stock option plans (the "Plan"), the MSOP and the Executive Long Term Incentive Program ("ELTIP").

Further, on March 22, 2017, the Exchange approved the Company's application for listing of additional 31,500,000 common shares to cover JFC's Plan consisting of (1) 18,000,000 common shares allocated for the MSOP with an exercise price based on the closing price of JFC shares on the date of grant, or Php 179.80 per share; and (2) 13,500,000 common shares allocated for the ELTIP with an exercise price based on the closing price of JFC on the entitlement date or Php 105.00 per share.

In this connection, JFC advised the Exchange that an additional 406,666 common shares have been availed and fully paid under the Company's stock option plans. In this regard, the number of JFC's listed common shares will be accordingly adjusted on the listing date.

The Company's compliance with the Consolidated Listing and Disclosures Rules, as amended, vis-à-vis the implementation of its stock option plan is being evaluated.

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

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Jollibee Foods Corporation published this content on 22 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2022 05:53:07 UTC.