This article is currently a draft and will be finalized once confirmed with the stock transfer office.
To convert your Ayala Land, Inc. Voting Preferred Shares (ALIVPS) to Ayala Land, Inc. (ALI) common shares. Below are the procedure, requirements and fees that you would need to know.
CONVERSION PRICE:
- The average closing price for 30 trading days immediately preceding the conversion date less the par value of P0.10 per share OR
- The closing price immediately preceding the conversion date less the par value of P0.10 per share whichever is higher
As of July 12, 2022 the average closing price for 30 trading days is: Php 28.028335
PROCEDURE:
- Submit the requirements needed to stockcerts@colfinancial.com with the subject: ALIVPS Conversion Requirements
- COL will process the conversion and debit your COL account for the applicable fees
- Once processed and shares are released, COL will credit the converted ALI shares into your COL account
REQUIREMENTS:
- Filled out and signed Letter of Intent (see attachment)
- At least one (1) valid government issued ID with clear picture and signature
FEES:
| Conversion Date: | July 12, 2022 |
| Conversion Price: | Php28.028335 |
| Number of ALIVPS Shares: | 2,000 shares |
| Conversion Amount: | Php56,056.67 |
| Net Conversion Amount less P0.10 par value of ALIVPS: | Php56,056.67 - (Php0.10 x 2,000 shares) = Php55,856.67 |
| Stock Certificate Cancellation Fee: | Php20.00 |
| Buying Fees: | |
| Php56,056.67 x 0.25% = Php140.14 |
| Php140.14 x 12% = Php16.82 |
| Php56,056.67 x 0.005% = Php2.80 |
| Php56,056.67 x 0.01% = Php5.61 |
| EQ Transfer Fee | Php125.00 |
| Processing Fee | Php100.00 |
| Total Amount Payable (Net Conversion Amount Plus all Fees) | Php56,267.04 |
Note: As of July 15, 2022 the current price of ALI in the market is Php22.55. You may consider keeping the ALIVPS shares with the repriced dividend rate from 4.74786% to 6.32862%. The new dividend rate will be applicable until June 29, 2032.