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
Jessie D. Cabaluna
1,000
ALLDY
-
Raul Juan N. Esteban
1,000
ALLDY
-
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
2,000
Expiry of Lock-up
Aug 5, 2022
Effective Date of Tradability of the Shares
Aug 8, 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, 2,000 ALLDY common shares were subject to a lock-up period of 365 days from the full payment of shares.
In a letter dated July 27, 2022, Philippine National Bank, acting through its Trust Banking Group (the "Escrow Agent"), informed the Exchange that the lock-up period for the 2,000 ALLDY common shares owned by the above-mentioned Locked-up Shareholders, will expire on August 5, 2022.
In view thereof, the 2,000 ALLDY common shares that were held in escrow will be eligible for trading starting on August 8, 2022.
