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LRW to LR conversion PROCEDURES and REQUIREMENTS

  • Updated

 

For conversion of LRW to LR shares, please provide the following requirements to First Metro Securities Brokerage Corp on or before September 15, 2021 (Wednesday).  Only LRW purchased until last September 10, 2021 will be accommodated. Click on the links to download the forms.

 

For INDIVIDUAL

  1. Upliftment Request Form
  2. Lodgment Request Form
  3. 3 original copies of duly accomplished LRW Exercise Notice and Purchase Form
  4. Signature Cards
  5. Photocopies of two (2) valid government-issued IDs

 

For CORPORATE

  1. Upliftment Request Form
  2. Lodgment Request Form
  3. 3 original copies of duly accomplished LRW Exercise Notice and Purchase Form
  4. Signature Cards of authorized signatories
  5. Photocopies of two (2) valid government-issued IDs each of authorized signatories
  6. Corporate Documents:

    • Articles of Incorporation

    • By Laws

    • Latest GIS

    • SEC registration

    • Secretary's Certificate evidencing the resolution authorizing the exercise of the rights under the warrant and designating the authorized signatory/ies

 

Fees/charges can be settled through your FMS Buying Power. For insufficient fund, please transfer using any of the available options in this link: Funding Options

LRW TO LR CONVERSION FEES/CHARGES
Conversion Fee To be determined
Upliftment Fee P 134.40
Lodgment Fee P 162.00

 

Original documents must be submitted to First Metro Securities Brokerage Corp.

Please mail via courier to:

 

ATTN: Divina Klotz – Securities Settlement Officer

First Metro Securities Brokerage Corp

18th Floor PSBank Center

777 Paseo De Roxas corner Sedeno St.

Makati City 1226

 

Note:

  • Client needs to provide all requirements in order to process the conversion.
  • See sample LRW Exercise Notice and Purchase Form -> Click Here
  • FirstMetroSec will submit the conversion request to Stock Transfer Service, Inc. 
  • Stock Transfer Service, Inc. will determine the exact conversion fee to be paid.
  • FirstMetroSec will process the payment of the conversion fee and debit the client's account.
  • Stock Transfer Service, Inc. will process the conversion
  • FirstMetroSec will inform the client once LRW shares are converted to LR shares
  • All requirements should be received by our office on or before September 15, 2021 (Wednesday) to be able to process. Any documents we received beyond that period will not be accepted.

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