Investor Relations

• Applicants may open a trading account with the default trading participants / brokers below. Once a trading account has been opened, an applicant can proceed with creating a PSE EASy account and nominate the entity as its endorsing “PSE Trading Participant” on PSE EASy.
• Applicants are encouraged to process the opening of the trading account as soon as possible, taking into account each broker’s requirements and processing time. 

• The account opening process/procedures of MyTrade, BDO Securities, CBSEC, COL Financial, and First Metro Sec can be found in each of the web links provided above.

• For applicants who have nominated the default brokers below, refer to the contact details for any questions related to account opening:

• Applicants must ensure that the account information provided to PSE EASy and the nominated broker are consistent to ensure the successful validation of the applicant’s PSE EASy account by the nominated broker (or the endorsing “PSE Trading Participant”).

• Successful applications via PSE EASy will generate a reference number and payment instructions.
• For applicants who have nominated the default brokers below, payments may be settled directly with the applicant’s default broker following such broker’s procedures and deadlines:

• For applicants with other entities as the broker and paying via BDO. To access the payment instructions, download the Annex D – Payment via BDO file below.
• Payments must be settled on or before the prescribed deadlines:

1. via default brokers: refer to specific payment instruction per broker.
2. via BDO Bills Payment: March 22, 2022 at 12:00 noon for check payments; and at 1:00 p.m. for cash and digital banking (BDO Online Banking or BDO Mobile Banking) payments.

• Failure to comply with the deadline and instructions will constitute as rejection of the application, and any payment made will be refunded, without interest. To access the LSI Guidelines, download the Implementing Guidelines for LSIs file below.
• For applicants who have nominated the default brokers below, refer to the contact details for any questions related to payment instructions:

• For applicants with other entities as the broker (paying via BDO), any questions related to payment instructions may be directed to the Receiving Agent: smc_stsc@sanmiguel.com.ph

Q: Who can participate in the IPO?

A: The shares allocated for the Local Small Investors may be purchased by any natural person of legal age regardless of nationality, subject to, among others, the Restrictions on Ownership, as described in the Final Prospectus.

Q: What is the minimum and maximum share subscription per LSI applicant?

A: Each applicant may subscribe to a minimum of ₱1,200 (100 shares), and thereafter, in multiples of ₱1,200 (100 shares), but in no case subscribe to more than ₱999,600 (83,300 shares).

Q: Can I subscribe to the shares by submitting physical application forms?

A: No, only applications duly accomplished via PSE EASy will be received and accepted.

Q: When is the deadline to complete the application?

A: Applications must be completed on or before 12:00 noon of March 22, 2022.

Q: Will PSE EASy accept multiple applications?

A: No, multiple applications (i.e. two or more applications made by the same applicant) via PSE EASy will not be accepted.

Q: Do I need a securities trading account to subscribe?

A: Yes, only PSE EASy accounts with a nominated stock broker or PSE Trading Participant will be accepted. Refer to the instructions above to learn how to open a securities trading account.

Q: How do I ask my nominated stock broker to verify my PSE EASy account?

A: Check the “My Trading Participant” section of your PSE EASy account for the contact information of your nominated broker.

Q: How do I know that my nominated stock broker has verified my PSE EASy account?

A: Notification will be sent to your email by PSE EASy on any developments regarding the validation of your account.

Q: Will payment guarantee my subscription?

A: Applications will be processed on a first-come, first-served basis, while final allocation of the shares will be determined pursuant to allocation mechanics stipulated in the LSI Guidelines.

Q: Where can I find my PSE EASy reference number?

A: The PSE EASy Reference Number will only be generated upon successful application through PSE EASy. PSE EASy will generate a unique 20-character PSE EASy Reference Number that follows this format: “(BNCOMXXXXXXXXXXXXXXX)”. The PSE EASy Reference Number will also be included in the payment instructions generated by PSE EASy and delivered to the applicant via electronic email. Please refer to the instructions above for more details on the PSE EASy subscription process.

Q: When is the deadline to pay my subscription?

A: For applicants who have nominated MyTrade, COL Financial, and First Metro Sec as default brokers, refer to the payment instructions above. MyTrade, COL Financial, and First Metro Sec have specific payment instructions and payments must be settled on the following deadlines: (a) MyTrade – deadline for debit requests is on Mach 18, 2022 at 3:00 p.m.; (b) COL Financial – deadline for debiting is one day before the PSE EASy deadline or March 21, 2022; and (c) First Metro Sec – deadline for debit request is March 21, 2022 at 12:00 noon.

For applicants with other entities as the default brokers, download the Annex D – Payment via BDO file below for the payment instructions. Deadline for payment depends on the mode of payment, as follows: (a) over-the-counter cash or check deposit payment in any BDO branch via Bills Payment – March 22, 2022 at 12:00 noon for check payments; and at 1:00 p.m. for cash payments; and (b) Digital Banking Bills Payment via BDO Online Banking or BDO Mobile Banking – March 22, 2022 at 1:00 p.m.  Failure to settle on or before the deadline will result to rejection of subscription.

Q: Do I need to open an account with BDO to pay for my subscription?

A: No, just go to any BDO Branch to pay for your subscription via over-the-counter bills payment. To check the list of operating BDO branches, visit the link: https://www.bdo.com.ph/branches-atms-locator-0. Note that there are separate payment instructions for applicants with the “default brokers” (see above list) as the nominated broker.

Q: Can I pay my subscription via online banking/interbank fund transfer of other banks?

A: No, only the payment options above will be available for this offer.

Q: When will my payment be reflected?

A: Expect your payment to be reflected in PSE EASy the next day from date of payment. You may check your PSE EASy account for updates on your subscription.

Q: When will I be notified of my allocation?

A: Expect your allocation to be reflected in PSE EASy on or about March 22, 2022. You may check your PSE EASy account for updates on your subscription.

Q: My share allocation is less than the amount of my actual share subscription. How will I receive my refund?

A: Should the applicant’s payment for his or her purchased shares be incomplete or below the full payment amount of the purchase, the subscription shall be rejected. In the event that the number of shares to be received by an applicant, as confirmed by the Bank and the Joint Issue Managers, Joint Lead Underwriters and Joint Bookrunners, is less than the number covered by its subscription, or if a subscription is rejected, then the Receiving Agent shall refund, without interest, all or a portion of the payment corresponding to the number of shares wholly or partially rejected. All refunds shall be made either through the applicant’s nominated broker, provided it is a broker that consented to process the refunds for its applicant clients, or directly to the applicant, through the Receiving Agent, at the applicant’s risk.

Check refunds shall be available for pick-up at the office of the Receiving Agent at SMC Head Office Complex, 40 San Miguel Avenue, Mandaluyong City starting on the fifth (5th) banking day after the end of the Offer Period or on March 29, 2022. If such check refunds are not claimed after thirty (30) calendar days following the beginning of the refund period, such checks shall be mailed to the applicant’s registered address at the applicant’s risk. Upon receipt by the nominated broker of the refund, it shall submit to the Receiving Agent the Letter Confirmation and Undertaking in the form prescribed in the LSI Guidelines.

However, in case an applicant eligible for refund would like to directly request the Receiving Agent to deposit the amount of the refund to its designated bank account, such applicant must submit a written request addressed to the Receiving Agent to its PSE broker. The relevant PSE brokers shall collate all the written requests so received and promptly transmit the same to the Receiving Agent. Thereafter, the Receiving Agent shall process the remittance of the refunds, as requested by the relevant applicant.

Q: Will I receive a stock certificate for my shares?

A: As required under the listing rules of the PSE, the shares should be in scripless form and lodged with the Philippine Depository and Trust Corporation (PDTC).

Q: I want to convert my shares from scripless form to certificated. Who should I contact?

A: An investor may request for his/her ownership of the shares to be converted from scripless form to certificated form through his/her nominated stock broker or PSE Trading Participant only after the shares have been listed. The cost of the issuance for such stock certificates shall be for the account of the investor.

Any questions related to the Initial Public Offering may be directed to Joint Issue Managers, Joint Lead Underwriters and Joint Bookrunners:

THIS DOCUMENT IS NOT FOR DISTRIBUTION IN JUSRISDICTIONS WHERE IT IS NOT PERMISSIBLE TO DO SO. THE OFFER SHARES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY JURISDICTION. ACCORDINGLY, THE OFFER SHARES MAY NOT BE OFFERED, SOLD, PLEDGED, TAKEN UP, RESOLD, RENOUNCED, TRANSFERRED, OR DELIVERED, DIRECTLY OR INDIRECTLY, INTO OR WITHIN ANY JURISDICTIONS ABSENT REGISTRATION OR QUALIFICATION UNDER THE RESPECTIVE SECURITIES LAWS OF THOSE JURISDICTIONS, OR EXEMPTION FROM THE REGISTRATION OR QUALIFICATION REQUIREMENTS UNDER APPLICABLE RULES OF THOSE JURISDICTIONS. THERE IS NO INTENTION TO REGISTER ANY PORTION OF THE OFFER SHARES IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFER OF SECURITIES IN THE UNITED STATES. INVESTORS SHOULD READ THE PROSPECTUS TO INFORM THEMSELVES OF THE RESTRICTIONS ON OFFERS AND SALES OF THE OFFER SHARES. EACH FOREIGN INVESTOR IS URGED TO CONSULT HIS/HER INDEPENDENT PROFESSIONAL ADVISER REGARDING THE CONSEQUENCES OF PARTICIPATING IN THE OFFER AND TO DETERMINE ELIGIBILITY TO SUBSCRIBE TO THE OFFER SHARES.

ALL REGISTRATION REQUIREMENTS HAVE BEEN MET AND ALL INFORMATION CONTAINED HEREIN ARE TRUE AND CURRENT.