IPO INFORMATION CENTER

As defined under the PSE Rules, an LSI is a share subscriber who is willing to subscribe or purchase a minimum board lot or whose subscription or purchase does not exceed ₱100,000.00 under the LSI program.

The Firm Shares allocated for the LSI tranche may be purchased by any natural person of legal age regardless of nationality, or any corporation, association, partnership, trust account, fund or entity organized under the laws of the Philippines, regardless of nationality, subject to the restrictions on ownership, as described in the Final REIT Plan, and the Company’s right to reject, in whole or in part, an Application to Subscribe to the Firm Shares (the “Application”), or reduce the number of Firm Shares applied for subscription.

No. LSI Applications shall only be processed through PSE EASy.

Subscriptions through PSE EASy must be completed not later than 12:00 p.m. of August 3, 2021.

No. Multiple Applications (i.e. two or more Applications by the same applicant) will not be allowed.

Yes. An LSI Applicant may revise, modify or cancel their subscription provided that no payment has been made for the initial subscription. The LSI Applicant may re-subscribe after successfully cancelling their initial subscription in PSE EASy.

Yes. A trading account with an Eligible TP is required to create a PSE EASy account. In the event that an LSI Applicant does not have a Trading Participant, the LSI Applicant may open a trade account with any Eligible TP and nominate said Eligible TP as its endorsing TP by following the instructions stated above. LSI applicants are encouraged to coordinate with their Eligible TPs on verifying their PSE EASy account and the creation of their NoCD Account.

Failure to create a NoCD Sub-Account will be a ground for rejection of the Application

Upon verification by the chosen Eligible TP, a notification regarding the validation of your account will be sent by PSE EASy to your nominated email address.

A PSE EASy Reference Number will only be generated upon successful application through the system, and will be sent to your nominated email. Please refer to the instructions above for more details on the PSE EASy subscription process.

Applications must be submitted on or before 12:00 p.m. of August 3, 2021. Payments must be completed by 1:30 p.m. on the same date. Failure to complete the payment on or before the deadline will result in the rejection of the application. Further, it may also cause a temporary deactivation of the PSE EASy account of the LSI. An LSI who fails to settle the payment for the subscription may not be allowed to subscribe to the shares offering during the next initial public offering in the PSE.

Further, applications where checks are dishonored upon first presentation and Applications which do not comply with the terms of the Offer will be automatically rejected. For the avoidance of doubt, any payment received pursuant to the Application does not constitute approval or acceptance of the Application.

Please refer to the LSI Implementing Guidelines for more details and instructions for payment.

A BPI account is not necessary to pay for the subscription. You may visit any operational BPI branch to pay for your subscription via over-the-counter deposit payment. Please email filrtipo@stocktransfer.com.ph for further details on payment. Please note that a BPI account will be required if your chosen payment method is through BPI Mobile Banking App or BPI Internet Banking. Access the Payment Guidelines.

Yes. The PSE EASy reference number must be included in the deposit payment slip if via over-the-counter payment in a BPI Branch. Failure to include your PSE EASy Reference number will result in the rejection of the Application.

If payment is via BPI Internet Banking or BPI Mobile App, FILRT IPO must first be enrolled as a merchant, with the PSE EASy reference number indicated as the Applicant’s reference number, prior to the payment through these online channels. 

In the event that the number of Offer Shares to be received by an Applicant, as confirmed by the Sole Local Coordinator and Local Lead Underwriter, is less than the number covered by its Application, or if an Application is rejected by the Company, then the Receiving and Paying Agent shall notify the Applicant via email by August 10, 2021. The Receiving Agent shall make check refunds available, without interest and within 5 banking days from the end of Offer Period until thirty (30) days from the end of the Offer Period, all or a portion of the payment corresponding to the number of Offer Shares wholly or partially rejected. All refunds shall be made through the Receiving and Paying Agent, at the Applicant’s risk. If such check refunds are not claimed after thirty (30) days from their issuance following the beginning of the refund period, such checks shall be mailed to the Applicant’s registered address at the Applicant’s risk.

As required under the listing rules of the PSE (the “PSE Rules”), the shares subject of the Offer should be in scripless form and lodged with the Philippine Depository and Trust Corporation (“PDTC”) under their NoCD facility. As such, applicants are required to nominate an Eligible TP (subject to the latter’s confirmation) through whom the LSI applicant may request for the creation of their NoCD account where the subscribed shares will be lodged. An LSI applicant may maintain the Offer Shares in scripless form or opt, at their own cost and expense, to have the stock certificates issued to them by requesting an upliftment of the relevant Offer Shares from the PDTC’s electronic system after the Offer Shares are listed on the PSE. Further, kindly coordinate with your chosen Trading Participant on the creation of your NOCD Account.