May 9, 2013
PSE MEMORANDUM NO. LA-0179-13
| TO | : | The Investing Public |
| SUBJECT | : | East West Banking Corporation Release of Shares Under Lock-up |
This is with reference to Memorandum LA_IPO_2012-0204 dated May 3, 2012, regarding the initial listing of 1,128,409,610 common shares of EAST WEST BANKING CORPORATION ("EW" or the "Bank"), with a par value of P10.00 per share, under the First Board of the Exchange. The said common shares of the Bank were listed on May 7, 2012 ("Listing Date").
In relation thereto, the Exchange received on May 8, 2013, a letter from Hongkong and Shanghai Banking Corporation Ltd. (the "Escrow Agent"), advising the Exchange that the effective date of the removal of the 300,000,000 common shares (the "Escrow Shares") held by Filinvest Development Corporation and FDC Forex Corporation from the custody of the Escrow Agent is May 7, 2013. The Escrow Shares were held in escrow in compliance with the three hundred sixty-five (365)-day lock-up requirement of the Exchange which commenced on the Listing Date. The Escrow Agreement was executed by the Bank, the Escrow Agent, Filinvest Development...
