The Securities and Exchange Commission (SEC) has approved the Reverse Stock Split application of Melco Resorts and Entertainment Philippines Corporation (MRP). This would result in a change in par value of MRP from Php1.00 to Php500,000 per share.
You can compute for your new MRP shares by dividing your total number of shares by 500,000.
Example:
| Original MRP Shares: | 1,250,000 shares |
| Computation: | 1,250,000 / 500,000 = 2.5 shares |
| Computation Notes: | 1,000,000 original shares becomes 2 new shares and 250,000 original shares become fractional shares of 0.5 new shares |
| New MRP Shares: | 2.5 shares |
To eliminate the fractional shares, MPHIL Corporation (MPHIL) a shareholder of MRP, is willing to purchase the fractional shares at the price of Php7.25 per original share. The deadline to respond to their offer is on June 1, 2022. They encourage shareholders to respond as soon as possible should you decide to sell your shares to MPHIL.
You can sell all of your original MRP shares or a portion of it. Should you choose to sell a portion, you can only sell portions that will leave you with whole shares, not fractional shares. Example: if you have 2.5 new shares, you can only sell 0.5, 1.5 or 2.5 shares so that you will not be left with any fractional shares.
Should you wish to sell your MRP shares and accept MPHIL's offer, kindly submit all the documents stated on their checklist and sample forms which you can find in the PDF attached below.
Submit all the required documents to:
Stock Transfer Service Inc.
Attention to: Ricardo D. Regala, Jr. General Manager
34th Floor, Rufino Pacific Tower, 6784 Ayala Avenue, Makati City
If you have yet to pick-up your MRP stock certificate and certification of acquisition cost, please make an appointment thru this link: CLICK HERE. A confirmation email will be sent to you before you can proceed with the pick-up. Then proceed as scheduled to COL's Business Center.
Should you have any questions or concerns
regarding accomplishing the forms or the sale of MRP shares, you may contact directly:
Marites F. Yumol
Stock Transfer Service Inc.
Email: mfyumol@stocktransfer.com.ph
Phone: +632 84033433
or
Atty. Marie Grace A. Santos
Corporate Secretary, Melco Resorts and Entertainment (Philippines) Corporation
City of Dreams Manila, Legal Department
Asean Avenue corner Roxas Boulevard, Parañaque City 1701
Email: gigisantos@cod-manila.com
Phone: +632 6918899 local 6452
Cel. Nos.: (0917) 861 0631 / (0917) 858 6596