Rules Governing Warrants

March 26, 1992RULES GOVERNING WARRANTSIn the interest and for the protection of investors, the Securities and Exchange Commission ("Commission"), pursuant to the powers vested in it under existing laws, particularly the Batas Pambansa Blg. 178 (Revised Securities Act), Republic Act No. 1143, and P.D. No. 902-A, hereby promulgates the following rules: cdaSECTION 1. Definitions. — When used under these Rules, the following terms shall have the meaning indicated, unless the context provides otherwise:(1) "Warrant" — a type of security which entitles the holder the right to subscribe to, or purchase from, the unissued capital stock of a corporation in the future, evidenced by a Warrant Certificate, whether detachable or not, which may be sold or offered for sale to the public but does not apply to a right granted under an Option Plan duly approved by the Commission for the benefit of employees, officers and/or directors of the issuing corporation.(2) "Warrant Certificate" — the certificate representing the right to a Warrant, which may be detachable or not, duly issued by the Issuer to the Warrantholder.(3) ...