ISM Communications release of shares under lock-up

Release of Shares Under Lock-up
08-Jul-2009
Disclosure No:4742-2009
Source: www.pse.com.ph

This is with reference to Circular No. 4282-2007 dated July 5, 2007, regarding the additional listing of 30,000,000,000 common shares of ISM Communications Corporation ("ISM" or the "Company"), with a par value of P0.01 per share, to cover its 1:1 stock rights offering to all stockholders of record as of June 8, 2007 at an offer price of P0.01. As previously announced, such 30,000,000,000 common shares shall not be tradable for a period of two (2) years commencing on the listing date. Please be advised that the Company, in a letter received by the Exchange on July 8, 2009, advised the Exchange of the expiry of the two (2) year lock-up period of such 30,000,000,000 shares lodged and electronically locked-up with the Philippine Depository & Trust Corporation in accordance with the terms and conditions of the stock rights offering. The 30,000,000,000 common shares were listed on July 9, 2007, and as advised by the Company, the lock-up period shall expire on July 9, 2009. In view thereof, the 30,000,000,000 common shares previously locked-up shall be tradable on the Exchange commencing on July 9, 2009.