The Philippine Stock Exchange, Inc. (PSE) Chairman Jose T. Pardo and Philex Mining Corporation (PX) Chairman Manuel V. Pangilinan led the bell ringing ceremony to mark the listing of PX stock rights offer (SRO) shares on Wednesday, August 3, 2022.
The Php 2.65 billion raised from the SRO will be used by the company to pay for mine development, construction of mill plant and support facilities and storage tailings facility for its Silangan project located in Surigao del Norte.
In his welcome remarks, PSE Chief Operating Officer Atty. Roel A. Refran cited the regulatory initiatives of the Exchange for the mining sector. In particular, he mentioned the 2020 Philippine Mineral Reporting Code (PMRC) that was launched last year, which the PSE worked on together with the other members of the PMRC Committee. “Among others, we reinforced the gatekeeping roles and responsibilities of accredited competent persons of issuers towards investor protection and full transparency, consistent with international standards and best practices.”
Photo 1 (from left, by row): PX President and CEO Eulalio B. Austin, Jr. and PSE Chief Operating Officer Atty. Roel A. Refran; PX CFO Romeo B. Bachoco, PX Chairman Manuel V. Pangilinan, PSE Chairman Jose T. Pardo and PSE Issuer Regulation Division Head Atty. Marigel B. Garcia; PX Director and Corporate Secretary Atty. Barbara Anne C. Migallos, PX Director Marilyn B. Aquino, Securities Clearing Corporation of the Philippines COO Ms. Renee Rubio and PSE General Counsel Atty. Veronica V. Del Rosario.
Photo 2 (from left, by row): PX Chairman Manuel V. Pangilinan, PX President and CEO Eulalio B. Austin, Jr., PSE Chairman Jose T. Pardo, PSE COO Atty. Roel A. Refran; Finance Secretary Benjamin E. Diokno and PSE Director Chief Justice Teresita J. Leonardo-De Castro (ret.); PX Director Richard Chan, PSE Directors Consuelo D. Garcia and Anabelle L. Chua, PX Independent Director Wilfredo A. Paras, PSE Director Ferdinand K. Constantino and PX Director Joseph Ng; PSE Corporate Secretary Atty. Aissa V. Encarnacion, BDO Capital and Investment Corp. President Eduardo V. Francisco, PX AVP for Corporate Finance Paraluman M. Navarro, Romulo Mabanta Buenaventura Sayoc & De Los Angeles Senior Partner Atty. Cynthia del Castillo, Chairman of the Chamber of Mines Philippines and COO of Silangan Mindanao Mining Company, Inc. Michael T. Toledo and PSE Treasurer Omelita J. Tiangco.