PPP Listing and Disclosure Rules

On 8 December 2016 the Philippine Stock Exchange, Inc. issued the Supplemental Listing and Disclosure Riles Applicable to a PPP Company (“PPP Listing and Disclosure Rules”) as approved by the Securities and Exchange Commission. The PPP Listing and Disclosure rules allows for and provides the process for the application for listing under the Philippine Stock Exchange. This option is granted to corporations which were awarded a PPP contract or a special purpose company incorporated by the awarded corporation or awarded joint venture or consortium which shall assume and accede to all rights and obligations of the latter. The PPP Contract awarded to the PPP Company must be in relation to a PPP Project undertaken by any department, bureau, office, commission, authority or agency of the National Government, including GOCCs, and must not be less than Five billion Pesos (Php 5,000,000,000.00) as indicated in the financial bid.