March 4, 2013
PSE MEMORANDUM NO. LA-0098-13
TO | : | The Investing Public |
SUBJECT | : | LT Group, Inc. |
Release of Shares Under Lock-up |
This is with reference to Memorandum LA_No. 2012-0384 dated August 30, 2012, regarding the additional listing of 398,138,889 common shares of LT GROUP, INC. ("LTG" or the "Company"), formerly known as Tanduay Holdings, Inc., with a par value of P1.00 per share, to cover its private placement transaction with Tangent Holdings, Inc. ("Tangent"). 1 The said common shares of the Company were listed on September 3, 2012. aEHAIS
In relation thereto, the Exchange received a letter dated February 25, 2013 from the Philippine Depository & Trust Corporation, the Escrow Agent, informing the Exchange that, consistent with the Lock-up Agreement executed by the Company, Tangent and the Escrow Agent, the lock-up period of 180 days of the 398,138,889 LTG common shares held by Tangent expired on March 2, 2013.
In view thereof, the 398,138,889 common shares of the Company previously locked-up shall be eligible for trading on the Exchange commencing on Tuesday, March 5, 2013.
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