There are 2 ways on how to exercise your warrants. Below are the 2 options for you to choose from. We have also places some criteria to consider before choosing you option.


OPTION 1: Using the warrants online


Step 1: Sell the warrants online

Step 2 (Optional): Buy the underlying stock. Use the proceeds from the sale of the warrant to buy the underlying stock


FEES:


FEEAMOUNTREMARKS
Commission0.25%Of the Gross Trade Amount
Value Add Tax (VAT)12%Of Commission
Philippine Stock Exchange Transaction Fee (PSE Trans Fee)0.005%Of the Gross Trade Amount
Securities Clearing Corporation of the Philippines Fee (SCCP)0.01%Of Gross Trade Amount
ADDITIONAL FEE FOR SELLING
Sales TaxNo. of Shares x Price x 0.1%


Note: Starting July 1, 2025, the sales tax on stock selling transaction will be reduced from 0.6% to 0.1% 


OPTION 2: Exercise the warrants


Step 1: Convert the electronic warrants into a warrant certificate. You will need to through the UPLIFTMENT process. (approximate time is 1-3 months)

Step 2: Once the warrant certificate is available, pick up the warrants at COL's business center and proceed to the transfer office

Step 3: Present the warrant certificate, fill out a purchase form and give a check payment for the purchase of the underlying stock to the transfer office

Step 4: The transfer office will contact you when your underlying stock certificate is available for pick up (approximate time is 1-3 months)


FEES:


a) Upliftment Fee: Php150 to Php162 per stock certificate

b) Exercise price x shares you will buy


*If you want to trade the underlying stock, you would need to go through a lodgment process to convert it into electronic shares for trading



WHICH OPTION SHOULD YOU CHOOSE:
Some things to consider when choosing your option on how to exercise your warrant:


Criteria 1: If the exercise price is lower or higher than the current price of the underlying share

If the exercise price is higher then it would be best to do Option 1 and sell your warrants and then you can decide if you want to buy the underlying share or not. If the exercise price is lower then it would be worth computing the cost of both options before making your decision.


Criteria 2: Fees

Choose the option that has lower fees for you. Calculate how much it would cost you to do Option 2 from the lodgment fee to your transportation cost. Choose the one what would have lower cost for you.