Swift Foods, Inc.: Conversion of Preferred Shares to Common Shares

March 21, 2013PSE MEMORANDUM NO. LA-0118-13TO:The Investing Public   SUBJECT:Swift Foods, Inc.  Conversion of Preferred Shares to Common Shares This is with reference to Circular No. 671-2000 dated March 15, 2000, in connection with the listing of 150,491,531 convertible preferred shares ("SFIP") of Swift Foods, Inc. (the "Company" or "SFI") to cover its 1:8 stock rights offering to all stockholders of record as of July 15, 1998 with the following details: cIHSTCa. 100,327,687 convertible preferred shares with a par value of P1.00 per share at an offer price of P10.00 per share;b. 50,163,844 convertible preferred shares with a par value of P1.00 per share to cover the Greenshoe Option shares at an offer price of P10.00 per share; andc. 1,504,915,310 common shares ("SFI common shares") with a par value of P1.00 per share to cover the underlying shares of the convertible preferred shares.In this connection, please be advised that in a sworn Corporate Secretary's certificate dated March 5, 2013, the Company certified that a total of 187,000 convertible preferred shares have been converted to 1,870,000 common...