MANILA – Mynt, Inc. (“Mynt”), the parent company of GCash today announced on September 16 that it has received the formal Notice of Approval (NOA) from the Board of Directors of the Philippine Stock Exchange (PSE) for its proposed Initial Public Offering (IPO) and the listing of its common shares on the Main Board of the PSE.

The approval follows Mynt’s filing of its Registration Statement with the Securities and Exchange Commission of the Philippines (SEC) and marks a crucial regulatory milestone as the company prepares for its landmark transaction expected in October.

Receiving the approval from the PSE brings Mynt one step closer to opening its next phase of growth to the public market. GCash has become an indispensable part of everyday life for millions of Filipinos, and this milestone reflects its belief that there is good business in doing good. With the continued trust and strong foundation provided by Globe, Ant Group, Ayala, and its other international partners, Mynt remains committed to driving financial inclusion and delivering long-term value for its users and future shareholders.

Subject to receipt of final regulatory clearances and market conditions, the proposed Offer is expected to consist of up to 8,027,409,600 common shares (the “Firm Shares”) with an overallotment option of up to 1,204,111,400 secondary common shares (the “Option Shares”).

The Firm Shares comprise up to 1,605,481,900 primary common shares issued by Mynt and up to 6,421,927,700 secondary common shares offered by existing selling shareholders. Upon completion, the Firm Shares will represent approximately 12.0% of Mynt’s issued and outstanding capital stock (or 13.8% assuming full exercise of the overallotment option out of 66,895,913,057 total shares).

Morgan Stanley & Co. International PLC, J.P. Morgan Securities plc, and UBS AG Singapore Branch are acting as Joint Global Coordinators and Joint Bookrunners for the transaction. Jefferies Singapore Limited, CLSA Limited, The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch serves as International Joint Bookrunners, with BPI Capital Corporation and BDO Capital & Investment Corporation acting as Domestic Lead Underwriters and Joint Bookrunners. AB Capital & Investment Corporation and First Metro Investment Corporation serve as the Domestic Lead Underwriters while Maybank Securities Pte. Ltd. will act as the International Co-Manager.”

Further disclosures will be made at the appropriate time and in accordance with applicable requirements. Any potential offering remains strictly subject to the registration requirements of the SEC, listing requirements of the PSE, prevailing market conditions, final offer terms, and internal approvals and consents.