Professional Documents
Culture Documents
*Note: Given the small size of the offering interested investors may try to avail of the
Local Small Investors Program (LSIP) handled by the following underwriters:
Please visit these institutions to secure and complete the necessary subscription forms,
requirements, have the application forms signed by your broker, and then submit back to
the appropriate underwriter along with your subscription payment**.
** The LSIP allows for a maximum subscription amount of P25,000 per subscriber (in
the case of SPLASH at P8.98 - this would allow for a maximum of 2,000 shares each at
P17,960).
Thank you
MEMO FOR BROKERS
T h e P h i l i p p i n e S t o c k Exchange, Inc.
Disclosures Stockholders’ Meeting Others: Implementing
Dividend Notice SEC / Gov’t Issuance Guidelines- LSI
Stock Rights Notice Transfer Agent’s Notice
This is further to Memo for Brokers No. 0504-2007 dated October 26, 2007, regarding the
Revised Timetable of Offering Activities of SPLASH CORPORATION (“Splash” or the
“Company”).
Attached is the Revised Application and Settlement Procedures for Local Small Investors under
the Small Investors Program.
(Original Signed)
MARSHA M. RESURRECCION
OIC, Listings Department
Noted by:
(Original Signed)
ROY JOSEPH M. RAFOLS
COO/Head, Issuer Regulation Division
Finance / Admin / Membership Market Regulatory Division Issuer Regulation Division Information Technology Division Capital Markets Devt Division CEO / OGC
Tel. No.688-7560/7440/7460 Tel. No. 688-7559 Tel. No. 688-7501/7510 Tel. No. 688-7405/819-4400 Tel. No. 688-7590 Tel. No. 688-7400/819-4408
Splash Corporation
Application and Settlement Procedures for Local Small Investors
Under the Small Investors Program
1. The Local Small Investors (“LSI”) program will be managed by the Joint Lead Underwriters, who are
tasked to receive LSI applications from 9:00 a.m. November 6, 2007 to 12:00 nn of November 12,
2007.
• Four (4) copies of the fully accomplished Splash Corporation application to purchase and two (2)
copy of a duly executed signature card which can be secured from First Metro Investment
Corporation or SB Capital Investment Corporation.
Binondo Makati
G/F Wellington Building 20/F GT Tower International
Plaza Lorenzo Ruiz, Binondo Ayala Avenue cor. H.V. Dela Costa Street
Manila Makati City
Tel Nos. 241 4301 to 07 Tel Nos. 840 5751 / 858 7900
• Photocopy of two (2) valid and current government-issued IDs (e.g., SSS, GSIS, Driver’s License,
Passport or PRC). For joint accounts/multiple investors in one application, two (2) valid IDs per
account/investor are also required.
• Payment (cash or Metro Manila clearing check). All check payments must be made payable to
”Splash IPO” and dated as of the date of submission of the application and crossed for deposit.
3. As required by the PSE for all subscribers to the IPO shares, LSI applicants should lodge his/her
shares with the Philippine Depository and Trust Corporation (“PDTC”) and is required to nominate a
PDTC participant (subject to the latter’s confirmation) to whom his/her shares will be lodged. The
broker is required to sign-off on the LSI’s fully accomplished Splash Corporation application to
purchase.
4. Multiple bookings (two or more applications by the same applicant) will not be allowed. Each LSI
applicant may subscribe to not more than PhP 25,000 worth of IPO shares.
5. The duly received and accepted application of the LSI applicant will be made available for distribution
at the office where the applicant submitted his/her application three (3) trading days after listing date.
Prior to the release of the duly received and accepted application, an LSI applicant is required to
present any valid ID for proper identification while the representative of the LSI applicant is required
to present an authorization letter and proper identification documents.
MEMO FOR BROKERS
T h e P h i l i p p i n e S t o c k Exchange, Inc.
Disclosures Stockholders’ Meeting Others: Offering Circular
Dividend Notice SEC / Gov’t Issuance
Stock Rights Notice Transfer Agent’s Notice
Please be informed that the Board of Directors of the Exchange (“the Board”), in its regular
meeting on October 10, 2007, approved the application of SPLASH CORPORATION (“Splash”
or the “Company”), for the initial listing of 746,160,357 common shares, with a par value of
P1.00 per share in the First Board of the Exchange. Of these, up to 188,848,107 common
shares shall be offered to the public on a primary basis, and up to 35,000,000 common shares
shall be offered to the public on a secondary basis at an offer price range of P8.70 to P11.18 per
share.
EXECUTIVE SUMMARY
1
The Offer Price for the Offer Shares shall be determined through a book-building program and discussions between the Company and
the Joint Issue Managers and Joint Lead Underwriters.
2
EPS based on projected 2008 earnings of P464 million and 746,160,357 outstanding number of shares.
Page 1 of 4
Finance / Admin / Membership Market Regulatory Division Issuer Regulation Division Information Technology Division Capital Markets Dev’t. Division CEO / OGC
Tel. No.688-7560/7440/7460 Tel. No. 688-7559 Tel. No. 688-7501/7510 Tel. No. 688-7405/819-4400 Tel. No. 688-7590 Tel. No. 688-7400/819-4408
MEMO FOR BROKERS
T h e P h i l i p p i n e S t o c k Exchange, Inc.
Disclosures Stockholders’ Meeting Others: Offering Circular
Dividend Notice SEC / Gov’t Issuance
Stock Rights Notice Transfer Agent’s Notice
3
BV/share estimated at P3.42- P4.02. For details please see the discussion on “Dilution” in the Company’s Prospectus.
Page 2 of 4
Finance / Admin / Membership Market Regulatory Division Issuer Regulation Division Information Technology Division Capital Markets Dev’t. Division CEO / OGC
Tel. No.688-7560/7440/7460 Tel. No. 688-7559 Tel. No. 688-7501/7510 Tel. No. 688-7405/819-4400 Tel. No. 688-7590 Tel. No. 688-7400/819-4408
MEMO FOR BROKERS
T h e P h i l i p p i n e S t o c k Exchange, Inc.
Disclosures Stockholders’ Meeting Others: Offering Circular
Dividend Notice SEC / Gov’t Issuance
Stock Rights Notice Transfer Agent’s Notice
4
The existing stockholder who owns at least 10% of the issued and outstanding common shares has agreed, in
compliance with the PSE rules, not to offer, sell or otherwise dispose of the Common Shares acquired or
subscribed to prior to the Offer within a period of 180 days from the Listing Date.
5
If there is any issuance of shares or securities done or fully paid for within 180 days prior to the start of the Offer
Period, and the transaction price shall be lower than that of the offer price in the initial public offering, all shares or
securities availed from this transaction shall be subject to a lock-up period of 365 days from full payment of the
aforesaid shares or securities.
Page 3 of 4
Finance / Admin / Membership Market Regulatory Division Issuer Regulation Division Information Technology Division Capital Markets Dev’t. Division CEO / OGC
Tel. No.688-7560/7440/7460 Tel. No. 688-7559 Tel. No. 688-7501/7510 Tel. No. 688-7405/819-4400 Tel. No. 688-7590 Tel. No. 688-7400/819-4408
MEMO FOR BROKERS
T h e P h i l i p p i n e S t o c k Exchange, Inc.
Disclosures Stockholders’ Meeting Others:
Dividend Notice SEC / Gov’t Issuance
Stock Rights Notice Transfer Agent’s Notice
Further to Memo for Brokers No. 0464-2007 dated October 15,2007, regarding Splash Corporation’s
Initial Public Offering (“IPO”), please be informed of the revised timetable of offering activities of the
Company:
(Original Signed)
MARSHA M. RESURRECCION
OIC, Listings Department
Noted by:
(Original Signed)
ROY JOSEPH M. RAFOLS
Head, Issuer Regulation Division
Finance / Admin / Membership Market Regulatory Division Issuer Regulation Division Information Technology Division Capital Markets Dev’t. Division CEO / OGC
Tel. No.688-7560/7440/7460 Tel. No. 688-7559 Tel. No. 688-7501/7510 Tel. No. 688-7405/819-4400 Tel. No. 688-7590 Tel. No. 688-7400/819-4408