Philippine Stock Exchange : Raslag Corp. holds maiden share listing

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Raslag Corp. holds maiden share listing

• Monday, June 6, 2022

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The Philippine Stock Exchange, Inc. (PSE) hosted a listing ceremony for Raslag Corp. on its stock market debut. The renewable energy firm, which is traded under the ticker ASLAG, listed 1.5 billion shares on Monday, June 6.

In his welcome remarks, PSE President and CEO Ramon S. Monzon shared that Engr. Peter G. Nepomuceno, ASLAG's Chairman, President and CEO, was among the attendees of a 2018 Listing Forum organized by the PSE and the Philippine Chamber of Commerce, Inc. in Clark, Pampanga.

ASLAG raised Php 700 million from its initial public offering (IPO). The amount will be used to fund the equity portion of RASLAG-4's development and construction and the pre-development work for RASLAG-5 and other upcoming solar projects of the company.

According to Mr. Monzon, "The listing of Raslag will grow the portfolio of companies in the Renewable Energy space in our stock market. As an advocate of sustainability, being a member of the Sustainable Stock Exchanges Initiative, the PSE understands the crucial need for renewables in the fight against climate change. I am pleased that through this IPO, the PSE was able to support Raslag's capital-raising activity".

Mr. Monzon also cited the warm reception received by the Raslag IPO among Local Small Investors (LSI) who used PSE EASy as their IPO subscription platform. The LSI tranche of ASLAG was oversubscribed by 1.5 times, making it the fourth IPO to record an LSI oversubscription since the launch of PSE EASy.

Photo 1 (shown from left): ASLAG Director Robert Gerard B. Nepomuceno and PSE COO Atty. Roel A. Refran; ASLAG Independent Director Atty. Pedro H. Maniego, Jr., ASLAG Chairman, President and CEO Engr. Peter G. Nepomuceno, PSE President and CEO Ramon S. Monzon and PSE Issuer Regulation Division Head Atty. Marigel B. Garcia; ASLAG Independent Director Daniel Gabriel M. Montecillo, ASLAG Director Conrado D. Pecjo, Securities Clearing Corporation of the Philippines COO Renee D. Rubio and PSE General Counsel Atty. Veronica V. Del Rosario

Photo 2 (shown from left): ASLAG Chairman, President and CEO Engr. Peter G. Nepomuceno, PSE President and CEO Ramon S. Monzon, PSE Chairman Jose T. Pardo, PSE Vice Chairman Geromin T. Nepomuceno, Jr. and PSE Director Chief Justice Teresita J. Leonardo-De Castro (ret.); PSE Director Ferdinand K. Constantino, China Banking Corporation (CHIB) President William C. Whang, PSE Director Consuelo D. Garcia, ASLAG Director Maria Rita Josefina V. Chua, PSE Director Ma. Vivian Yuchengco, and ASLAG Director Arsenio N. Valdes; China Bank Capital Corporation President Ryan Martin L. Tapia, CHIB CFO Patrick D. Cheng, ASLAG Corporate Secretary Atty. Ruelito Q. Soriano, ASLAG Compliance Officer and Investor Relations Officer Atty. Lyra Gracia Y. Lipae-Fabella, ASLAG Assistant Corporate Secretary Atty. Paulo S. Faustino, PSE Corporate Secretary Atty. Aissa V. Encarnacion and Picazo Buyco Tan Fider & Santos Managing Partner Atty. Gabriel A. Dee.