Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

- 105 -The Parent Bank’s application for listing of its common stock was approved by the PSEon April 24, 2002. The application is for the initial listing of up to 952,708,650 commonshares, with par value of P10 per share, at an offer price range of P17.80 to P23.80 pershare. The proceeds from the sale of the Bank’s listed shares amounted to about P2,200.The history of shares issuances from the initial public offering (IPO) and subsequently,private placements exempt from registration pursuant to Section 10.1 of the SecuritiesRegulation Code, is as follows:Number ofTransaction Subscriber Issue Date Shares IssuedIPO Various May 21, 2002 908,189,550Private placement International FinanceCorporation (IFC) June 21, 2005 31,403,592Private placement UOBP February 8, 2006 22,429,906BDO-EPCIB Merger BDO-EBCIB Merger May 31, 2007 1,308,606,021Private placement IFC August 23, 2007 31,403,592Private placement GE Capital InternationalHoldings Corporation(GE Capital) August 20, 2009 37,735,849Private placement Multi Realty DevelopmentCorporation April 23, 2010 107,320,482Private placement IFC April 26, 2010 24,033,253Private placement IFC Capitalization(Equity) Fund, L.P.(IFC Equity Fund) April 26, 2010 136,315,662As of December 31, 2011, there are 13,517 holders of the listed shares equivalent to100% of the Parent Bank’s total outstanding shares. Such listed shares closed at P59per share as of December 29, 2011.2,607,437,907On March 19, 2010, the Bank’s BOD approved a capital raising program that would allowthe Bank to raise between US$250 million to US$300 million worth of common shares,with the IFC and the IFC Equity Fund as anchor investors. Subsequently, on April 26,2010, the Bank issued 24,033,253 shares to the IFC and 136,315,662 shares to the IFCCapitalization Fund at P41.50 per share for a total subscription price of P997 andP5,657, respectively. Foreign institutional investors participated in this capital raisingthrough a top-up offering, resulting in the issuance of an additional 107,320,482 commonshares at the same offer price. The Bank was able to raise a total of P10,994 from thiscapital raising exercise.In 2009, the Parent Bank issued to GE Capital 37,735,849 common shares worth P377in line with the latter’s strategic investment in the Parent Bank (see Note 26.02).On August 30, 2008, the BOD approved the issuance of up to 500,000,000 perpetual,voting, non-cumulative, convertible, non-participating, peso-denominated Series Apreferred shares qualifying as Tier 1 capital of BDO Unibank Group. The conversionright is at the option of the holder after three years from the issue date or at the optionof BDO Unibank Group at any time after issue date upon the occurrence of certaintrigger events such as: (i) a change in tax status of the preferred shares; or, (ii) thepreferred shares do not qualify as Tier 1 capital of BDO Unibank Group as determinedby the BSP or other applicable laws and regulations. Dividend rate is at 6.5% per