Rules on Uniform Listing

September 7, 1976 RULES ON UNIFORM LISTING For the purpose of having uniform listing in the Commercial/Industrial, Big or Main, and Small Boards of the operating stock exchanges, to avoid confusion that may arise as a result of variations therein, and in the interest and for the protection of investors, the Commission, pursuant to the powers vested in it under existing laws, hereby promulgates the following rules: 1. Commercial/Industrial Board Corporations falling under the general category of financial, commercial or industrial firms, or those which are not engaged in mining or oil ventures, applying for the listing of their securities in the stock exchanges shall be listed in the Commercial/Industrial Board and must comply with the following requirements: a) The company whose shares or securities are sought to be listed must be in actual operation; b) Par value of shares must be at least P1.00; * c) Issuer company must have at least 300 stockholders for mining or oil companies, 100 for all other companies, 15 stockholders for banks,. d) There must be so many shares fully paid the aggregate par value of which must be equal to at least 10% of the total paid-up capital; Provided, however, that the requirements under (c) and (d) above shall not be imposed in cases of additional listing. 2. Main or Big Board For listing in the Main or Big Board, the following criteria must be satisfied: a) The company whose shares or securities are sought to be listed in the Big Board must already be in commercial production; b) Has declared and paid dividends regularly for at least two consecutive years immediately prior to listing; c) The company must have at least 300 stockholders; d) There must be so many shares fully paid the aggregate par value of which must be equal to at least 10% of the total paid-up capital; Provided, however, that the requirements contained in (c) and (d) above shall not be applied in cases of additional listing. 3. Small Board The securities of any corporation sought to be listed in the stock exchanges which do not meet the requirements contained in Nos. 1(a) and (b) or 2(a) and (b) above shall be in the Small Board, Provided, that * a) There must be at least 300 stockholders for mining or oil companies, 15 for banks, and 100 for all other companies; and b) There must be so many shares fully paid the aggregate par value of which must be equal to at least 10% of the total paid-up capital. 4. Prior Registration Required In all cases of listing, prior registration of the shares or securities under Commonwealth Act No. 83, as amended, otherwise known as the Revised Securities Act, shall always be required, except where said shares or securities are of a class exempt under any of the provisions of Section 5 thereof. ** 5. Listing Fee The Commission shall charge a fee for original listing 1/10 of 1% of the aggregate value of the shares to be listed but in no case shall it be less than P500.00 or more than P2,000.00 and for additional listing 1/10 of 1% of the value of the additional shares to be listed but in no case shall it be less than P300.00 or more than P2,000.00 . 6. Transfer of Listing Transfer of listing of any security from the Small Board to the Commercial/Industrial Big Board, as the case may be, may, upon recommendation of the Stock Exchanges, be allowed by the Commission, provided the criteria contained in No. 2 above are fully complied with. On the other hand, any company, whose issues or securities are listed in the Commercial/Industrial Big Board, that ceases production for any reason shall, upon the recommendation of the Stock Exchanges, be transferred to the Small Board. 7. Trading Symbol Plates To facilitate trading in the Boards, and in order to optimize space utility, trading symbol plates shall have distinctive and visible stripes one centimeter wide painted one-half centimeter from the right end thereof with: Commercial/Industrial Board SKY BLUE; Big Board RED; and Small Board Yellow. The stripe shall be perpendicular from the top to the bottom of the plate. 8. Companies Whose Shares are Already Listed Companies whose shares are already listed in the Commercial/Industrial Board as of the date of promulgation of these rules but with par values of less than P1.00 are given one year from date of promulgation hereof within which to increase their said par values to at least P1.00 to conform with No. 1(b) above. Should they fail to comply herewith, they shall be transferred to the appropriate board as the Commission may deem proper. The following issues that are currently listed as of the date of promulgation of these rules shall be listed in the boards, as follows: LISTED COMPANIES* (Commercial/Industrial Board) 1. Banco Filipino Savings and Mortgage Bank 2. Bank of P.I. 3. China Banking Corporation 4. The Consolidated Bank and Trust Corp. 5. Bacnotan Consolidated Industries 6. Filipinas Cement Corporation 7. Pacific Cement Co., Inc. 8. Republic Cement Corporation 9. Universal Cement Co., Inc. 10. Ayala Fund, Inc. A Ayala Fund, Inc. B 11. Filipinas Investment Corporation A Filipinas Investment Corporation B 12. House of' Investments, Inc. 13. Industrial Finance Corporation 14. Manphil Investment and Financing Corp. 15. Meralco Securities Corporation 16. Monex Investment Co., Inc. A Monex Investment Co., Inc. B 17. Pacific Investments 18. Private Development Corp. of the Phils. A Private Development Corp. of the Phils. B 19. Radiowealth Finance Co., Inc. A Radiowealth Finance Co., Inc. B 20. A. Soriano Corporation (ANSCOR) 21. Beneficial Life Insurance Co., Inc. 22. Consolidated Insurance Co., Inc. 23. The Insular Life Assurance Co., Ltd. 24. Metropolitan Insurance Company 25. The Philippine Guaranty Company, Inc. 26. Nasipit Lumber A Nasipit Lumber B 27. Sta. Clara Lumber Co., Inc. A Sta. Clara Lumber Co., Inc. B 28. Bacolod-Murcia Milling Company 29. Bogo-Medellin Milling Co., Inc. 30. Central Azucarera de Bais (Common) Central Azucarera de Bais (9% Pref.) 31. Central Azucarera de la Carlota 32. Central Azucarera de Pilar 33. Central Azucarera de Tarlac 34. San Carlos Milling Co., Inc. 35. Talisay-Silay Milling Company 36. Philippine Air Lines (PAL) 37. Globe-Mackay Cable & Radio Corp. A Globe-Mackay Cable & Radio Corp. B 38. Manila Broadcasting Corp. 39. PLDT (Common) PLDT (8% Pref.) PLDT (10% Pref. Convertible, s. A) PLDT (10% Pref. Convertible, s. B) PLDT (10% Pref. Convertible, s. C) 40. Radio Philippines Network, Inc. 41 Republic Telephone Co., Inc. (Common) Republic Telephone Co., Inc. (8% Pref.) Republic Telephone Co., Inc. (9% Pref.) Republic Telephone Co., Inc. (10% Pref.) Republic Telephone Co., Inc. (12% Pref.) 42. Filipinas Synthetic Fiber Corp. A Filipinas Synthetic Fiber Corp. B 43. Industrial Textiles Mfg. Co. of the Phils. (ITEMCOP) A Industrial Textiles Mfg. Co. of the Phils. (ITEMCOP) B 44. Ramie Textiles, Inc. 45. Riverside Mills Corp. 46. Universal Textile Mills, Inc. 47. Atlas Fertilizer Corp. A Atlas Fertilizer Corp. B 48. B.F. Goodrich Phils., Inc. 49. B.F. Homes, Inc. 50. Concrete Aggregates Corp. A Concrete Aggregates Cor. B 51. Construction Dev. Corp. of the Phils. 52. DRB Marketing Corp. 53. Engineering Equipment, Inc. 54. Fil-Hispano Ceramics, Inc. C "A" Fil-Hispano Ceramics, Inc. C "B" Fil-Hispano Ceramics, Inc. P "A" Fil-Hispano Ceramics, Inc. P "B" 55. FMF Development Corp. 56. Maharlika Corp. 57. Manila Jockey Club, Inc. 58. Manila Wine Merchants 59. Marsman & Company, Inc. (Common) Marsman & Company, Inc. (8% Pref.) 60. Menzi Development Corporation 61. Paper Industries Corp. of the Phils. A Paper Industries Corp. of the Phils. B Paper Industries Corp. of the Phils. (9% Pref.) 62. Philippine Racing Club, Inc. 63. Phil. Tobacco Flue-Curing and Redrying Corp. 64. Pure Foods Corp. A Pure Foods Corp. B 65. Republic Flour Mills, Inc. 66. Republic Glass Corp. 67. San Miguel Corp. A San Miguel Corp. B 68. Stanford Microsystems, Inc. 69. Usiphil, Inc. BIG BOARD 1. Acoje Mining Company, Inc. 2. Atlas Cons. Mining & Dev. Corp. "A" Atlas Cons. Mining & Dev. Corp. "B" 3. Baguio Gold Mining Co., Inc. "A"; "B" 4. Benguet Consolidated, Inc. "A" Benguet Consolidated, Inc. "B" Benguet Consolidated, Inc. Convertible Pref. 5. Benguet Exploration, Inc. "A" Benguet Exploration, Inc. "B" 6. Black Mountain, Inc. 7. Consolidated Mines, Inc. "A" Consolidated Mines, Inc. "B" 8. Inco Mining Corp. "A" Inco Mining Corp. "B" 9. Island Mining & Industrial Corp. 10. Itogon-Suyoc Mines "A" Itogon-Suyoc Mines "B" 11. Lepanto Consolidated Mining Co. "A" Lepanto Consolidated Mining Co. "B" 12. Marcopper Mining Corp. 13. Marinduque Mining Ind. Corp. "A" Marinduque Mining Ind. Corp. "B" 14. Palawan Quicksilver Mines, Inc. 15. Philex Mining Corp. "A" Philex Mining Corp. "B" 16. Western Minolco Corp. 17. Zambales Base Metals, Inc. SMALL BOARD 1. Abra Mining and Ind. Corp. 2. Acoje Oil Exploration & Drilling Co., Inc. 3. Adonna Copper & Gold Mining, Inc. 4. American Asiatic Oil Corp. 5. Anglo-Philippine Oil & Mining Corp. "A" Anglo-Philippine Oil & Mining Corp. "B" 6. Apex Exploration & Mining Co., Inc. "A" Apex Exploration & Mining Co., Inc. "B" 7. Apollo Oil Exploration &- Mineral Dev. Corp. 8. Argonaut Mineral Exploration "A" Argonaut Mineral Exploration "B" 9. Armstrong Mining & Industrial Corp. 10. Astro Mineral & Oil Corp. 11. Atok-Big Wedge Mining Co., Inc. 12. Basic Petroleum & Minerals "A" Basic Petroleum & Minerals "B" 13. Batong-Buhay Gold Mines, Inc. 14. Blue Ridge Mineral Corp. 15. Buendia Natural Resources Corp. "A" Buendia Natural Resources Corp. "B" 16. Butuan City Gold, Inc. 17. Carmen Mindanao Mining Consolidated, Inc. 18. Chico Mines, Inc. 19. Colorado Minerals & Oils Corp. 20. Colossal Mining & Exploration Corp. 21. Colossal Mining & Exploration Corp. 21. Copper Belt Mining Corp. 22. Falcon Rare Metals & Ind. Minerals, Inc. 23. Fil-Am Resources, Inc. 24. Filipinas Mineral Corporation 25. Fortuna Offshore Mining & Exploration Corp. 26. Frontino Exploration & Mining Corp. 27. Golden River Mining Corp. 28. Great Pacific Mining Corp. 29. Hercules Minerals & Oils, Inc. 30. Hixbar Mining Co., Inc. 31. Imperial Resources, Inc. "A" Imperial Resources, Inc. "B" 32. Infanta Minerals & Industrial Corp. 33. Integrated Mining & Dev. Corp. 34. Inter-Continent Mineral & Oil Resources, Inc. 35. Intercontinental Diversified Corp. 36. Jabpract Mining & Industrial Corp. (JINICO) 37. Jel Mining & Development Corp. 38. Kaunlaran Petromineral Corp. 39. Lacub Mineral Resources, Inc. 40. Landoil Resources Corp. "A" Landoil Resources Corp. "B" 41. La Suerte Gold -Mining Corp. 42. Leyte Base Metal Co., Inc. 43. Liberty Mines, Inc. "A" Liberty Mines, Inc. "B" 44. Manhattan Mining Corp. 45. Manila Mining Corporation 46. Mankayan Mineral Dev. Co., Inc. 47. Maremco Mineral Corp. 48. Marinduque Exploration Co., Inc. 49. Mayon Mineral Exploration Services Corp. (Common) Mayon Mineral Exploration Services Corp. (7% Pref.) 50. Mindanao Exploration & Development Corp., 51. Mineral Integrated Dev. Services Corp. (MIDESCO) 52. Minerva Mines, Inc. 53. Montana Mineral Resources, Inc. 54. Monte Oro Mineral Resources, Inc. 55. Montevista Minerals, Inc. 56. New Frontier Mines, Inc. 57. Olasahar Mining Corp. 58. Omico Mining &- Industrial Corp. 59. Ore-Phil Mining & Ind. Corp. 60. Oriental Petroleum & Mineral Corp. "A" Oriental Petroleum & Mineral Corp. "B" 61. Pacifica, Incorporated "A" Pacifica Incorporated "B" 62. Palawan Consolidated Mining Co. 63. Paracale Gumaus Cons. Mining Co. 64. Pentagon Mines, Inc. 65. Perlite Minerals & Ind. Corp. 66. Phil. Breweries Corp. 67. Phil. Oil Dev. Co., Inc. "A" Phil. Oil Dev. Co., Inc. "B" 68. Phil. Overseas Drilling & Oil Dev. Corp. 69. Phil. Oil & Geothermal Energy, Inc. "A" Phil. Oil & Geothermal Energy, Inc. "B" 70. Pioneer Natural Res. Expl. Co., Inc. 71. Polar Copper Mining & Ind. Corp. 72. Republic Resources & Dev. Corp. 73. Rizal Mining Corp. 74. Sabena Mining Corp. 75. Samar Mining Co., Inc. 76. San Jose Oil Co., Inc. "A" San Jose Oil Co., Inc. "B" 77. San Pablo Mining Corp. 78. Saturn Minerals, Inc. 79. Seafront Petroleum & Minerals Res., Inc. 80. South Eastern Sierra Madre Res., Inc. 81. South Seas Oil & Mineral Expl. Dev. Co., Inc. 82. Southern Star Mining & Ind. Corp. 83. Sulu Sea Oil Dev. Corp. 84. Superior Mining & Ind. Corp. 85. Surigao Cons. Mining Co., Inc. "A" Surigao Cons. Mining Co., Inc. "B" 86. Taurus Minerals &- Oils Corp. 87. Trans-Asia Oil & Mrl. Expl. Dev. Corp. 88. Trident Mining and Industrial Corp. 89. United Paracale Mining Co. 90. United Surigao Oil & Mrls., Inc. 91. Vulcan Ind. & Mrls. Expl. Corp. 92. White Eagle Overseas Oil Co., Inc. 93. Marsteel Consolidated Co., Inc. "A" Marsteel Consolidated Co., Inc. "B" 94. Menbusar Consolidated Mining Co., Inc. 95. Petromin Mining & Dev. Corp. 96. LRM Mining Co., Inc. 97. Sipalay Mining Exploration Corp. 9. Penalties . Any Exchange not complying with these rules shall be penalized by a fine of not less than One Thousand (P1,000.00) Pesos plus an additional amount not exceeding One Hundred (P100.00) Pesos per day for every day of delay. 10. Repealing Clause . All rules or circulars inconsistent herewith are hereby amended or revoked accordingly. 11. Effectivity . These rules shall be cited as SEC Rule BED 902A-2 and shall take effect fifteen days after they have been publicly promulgated by publication in at least two newspapers of general circulation throughout the Philippines and official notification of the existing stock exchanges. cdll (SGD.) JULIO A. SULIT, JR. Associate Commissioner Acting Chairman Footnotes * As amended by Brokers and Exchanges Department Requirements and Procedures. ** As amended by SEC Circular No. 3 S. of 1983 dated Oct. 18, 1983. * This list is not current as it would contain already those delisted firms. For a current listing, contact the Investments and Research Department, Securities and Exchange Commission.