Initial Public Offering Alert:
Medilines Distributors Inc. (MEDIC)

 

Indicative Offer Terms:

Offer Price:   PHP2.30 per share
Number of Shares Offered:   825 M
Minimum Subscription:   Minimum of 1,000 shares and in multiples of 1,000 shares thereafter
BDO Securities Reservation Period: November 22, 2021 until November 23 2021 12:00NN for broker-assisted customers and 1:00 PM for online
Issue and Listing Date:  December 7, 2021

 

Please refer to PSE disclosure for a summary of the offer terms:

https://edge.pse.com.ph/openDiscViewer.do?edge_no=de505d246ef85e8e5d542af6f1e997b9

 

And here is a reference link to the Company’s preliminary prospectus: 

https://www.medilines.com.ph/company-disclosure/sec-filings

 

What to do if you’re interested

If you’re interested in subscribing to the Medilines Distributors Inc. IPO through BDO Securities, you may do so from November 22, 2021 up to November 23, 2021:

  • At 12NN only for broker –assisted (non-online) customers
  • At 1PM only for online customers

 

For Online accounts, here's how to subscribe to the IPO:

Step 1:  Log-in to your account and click on the “Buy IPO” widget (see below).

 

Step 2: Fill out the subscription entry

 

Step 3: Wait for the email acknowledgement of your order reservation. A final email confirmation, with details of your approved allocation, will be sent to your registered email address

 

Note: 

  • Funding: Your account must be sufficiently funded. We will only accept cleared funds for IPO reservations.
  • Allocation: BDO Securities Corporation cannot guarantee allocation as this will depend on the volume and demand for this offer. Shares may be fully or partially allocated or rejected. 
  • Refunds: Refunds resulting from the partial allocation of shares or rejection of reservation will be credited, without interest, directly to your BDO Securities Settlement Account within 3 business days upon receipt of cleared funds from the issuer. 

 

For Broker-assisted (Non-online) accounts, here's how to subscribe to the IPO:

 

Step 1: Call your BDO Securities trader at +63 2 8878 4070.

Step 2: Reserve your shares.

Step 3: Wait for a call from the trader to confirm your final allocation of shares and payment due date.  

 

Disclaimer

REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY THE SAME BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL NOR BE CONSIDERED A SOLICITATION OF AN OFFER TO BUY.

 

 

Who is Medilines Distributors Inc. (MEDIC)?

 

Medilines Distributors Inc. is a leading distributor of high-quality medical equipment to public and private healthcare facilities in the country. The company offers a portfolio of products focused on three categories of specialized medicine: Diagnostic Imaging, Dialysis and Cancer Therapy. Founded in 2002, Medilines plans to expand its presence and product portfolio to help enhance the country’s healthcare system through quality medical devices.

 

The MEDIC Advantage:

 

  • Partnership with leading global brands

- Maintains a portfolio of best-in-class equipment from multinational brands such as Siemens Healthineers (Germany) for diagnostic imaging, B. Braun (Germany) for dialysis, and Varian (USA) for cancer therapy

 

  • Focus on specialized healthcare categories that have significant and growing demand in the country

- The company distributes equipment that can detect, monitor and treat some of the top 10 causes of mortality in the Philippines, which include cardiovascular disease, cancer, pneumonia and kidney failure

 

  • Experienced Management Team

- The company is led by an experienced management team with extensive knowledge in the Philippine Healthcare Industry and strong operational expertise