Cebu Air, Inc. (CEB) Stock Rights Offer

  

Home » Cebu Air, Inc. (CEB) Stock Rights Offer

 

 

Cebu Air, Inc. (CEB), which is an airline company that operates under the trade name "Cebu Pacific Air," was incorporated on August 26, 1988. CEB pioneered the "low fare, great value" strategy in the local aviation industry. In 2005, the Company adopted the low-cost carrier business model, whose strategy is to offer affordable air service to passengers.

Stock Rights Offer:

Ex-Date:
Record Date:
Entitlement Ratio:
Rights Offer Period:
BDO Sec Deadline to Avail:
Tentative Listing Date:

 

February 22, 2021
February 26, 2021
1 Entitlement Right for every 1.825 CEB Common Shares
March 3, 2021 to March 9, 2021
March 4, 2021 at 1:00PM only
March 29, 2021

Convertible Preferred Shares:

Offer Price:
Par Value:
Number of Shares Offered:
Dividend Rate:
Conversion Price:
Conversion Ratio:

 

PHP38.00 per entitlement right.
PHP1.00
328,947,368
6.00%
PHP38.00
1 CEB Common Share for every 1 Convertible Preferred Share

 

To participate, you must meet all of the eligibility requirements:

  1. You are subscribed to and a stockholder of CEB by Feb. 22, 2021
     
  2. You have a BDO Securities Online account

 

To invest, here is how:

  1. You will receive an email from BDO Securities, which contains eligibility requirements
     
  2. Once eligible, you may fill out CEB SRO Availment Form, link to be provided to eligible clients via email and other communication channels

    NOTE: We will consider the first email received from customer as final.  We will not accept amendments thereafter. Time stamps will be the basis for checking.
     

  3. We will send you an acknowledgment email within 24 hours from receipt of your email, advising you of your CEB SRO Availment Form response.
     
  4. Please make sure that your buying power is sufficient according to the number of shares you have indicated before deadline. If you are given partial allocation or rejected, you will be refunded and it will be credited directly to your BDO Securities Settlement Account, without interest, within 3 business days upon receipt of cleared funds from the issuer.
     

Some things to remember:

  1. All corresponding amount related to your subscription will be deducted from your BDO Securities Settlement Account.
     
  2. BDO Securities can only process subscriptions that have met ALL the eligibility requirements set by Cebu Air, Inc.
     
  3. Kindly ensure that your account is sufficiently funded to avoid any inconvenience. 
     
  4. We will send you an acknowledgment email within 24 hours from receipt of your email. If we do not receive your reply within the next 48 hours, we will assume that you do not wish to participate.
     
  5. Please be reminded that BDO Securities Corporation cannot guarantee allocation as this will depend on the final demand and volume for this offer. Shares applied for may be fully or partially allocated or rejected.  Any refund resulting from partial allocation of shares or rejection of reservation will be credited directly to client's BDO Securities Settlement Account, without interest, within 3 business days upon receipt of cleared funds from the issuer.
     
  6. Pay attention to the offer dates.  During the year there are many different offers and it’s important to know the dates for the offer you are interested to participate in.  For example, you should pay attention to the Ex-date.
     
  7. What is the Exclusion Date (Ex-Date)?  You must own a security right BEFORE the Ex-date to be able to participate in an offer.  For example, if a company is offering dollar denominated convertible preferred shares, you need to own the shares right BEFORE the Ex-date.  As long as you own the shares before the Ex-date, you will be eligible for the offer.  E.g.  Cebu Pacific has a convertible preferred shares offering and the Ex date is Friday, January 10, 2019.  You’ll need to own the security BEFORE January 10, 2019.  So, as long as you own Cebu Pacific on Thursday, January 9, 2019, you are entitled to the offering.