"This is with reference to Memorandum LA_No. 2012-0531 dated December 5, 2012, Regarding the additional listing of 1,297,960,000 common shares of BLOOMBERRY RESORTS CORPORATION (“BLOOM” or the “Company”) to cover its private placement transaction with Prime Metroline Holdings, Inc. (“PMHI”). The 1,297,960,000 BLOOM common shares with a par value of ₱1.00 per share were issued at ₱7.50 per share with a total transaction value of ₱9,734,700,000.00. The said common shares of the Company were listed on December 7, 2012 (“Listing Date”).
In relation thereto, the Exchange received a letter dated May 22, 2013 from BDO Unibank, Inc. –Trust and Investments Group (the “Escrow Agent”), informing the Exchange that the 180-day period within which the 1,297,960,000 BLOOM common shares that are held in escrow in compliance with the Exchange’s requirement shall end on June 5, 2013. This is in accordance with the Lock-up Agreement executed by the Company, PMHI and the Escrow Agent onNovember 26, 2012.
In view thereof, the 1,297,960,000 common shares of the Company previously locked-up shall be eligible for trading on the Exchange commencing on Thursday, June 6, 2013."
Source: http://www.pse.com.ph/resource/memos/2013/LA__2013-0205.pdf
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