Investor Relations Program

  

Disclosure & Transparency

Philex Mining Corp. is committed to the highest standards of disclosure, transparency and fairness in information dissemination. The Company provides the public with strategic, operating and financial information through adequate and timely disclosures to the regulatory authorities, such as the Philippines•€™ Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE). Along with regular periodic reports, Philex discloses all material information about the Company that may have an impact on valuation, its stock price and the trading volume of its securities. All financial and nonfinancial disclosures are immediately posted on the Investor Relations section of the Company•€™s website and may be accessed through the following link:

Interim and Annual Results
Philex Mining addresses the various information requirements of the investing public through our Investor Relations Division. The Company dutifully accomplishes and submits quarterly and annual reports on or even before the deadline prescribed by the regulatory agencies.

Financial Reporting

The Company•€™s financial statements comply with the Philippine Accounting Standards (PAS ) and Philippine   Financial Reporting Standards (PFRS ), which are in general compliance with International Accounting Standards. The accounting policies adopted in 2013 are consistent with those of the previous financial year, except for the implementation of new and amended PFRS and Philippine interpretations of International Financial Reporting Interpretations Committee (IFRIC). The changes in Accounting Policies are fully explained in the Notes to the Audited Consolidated Financial Statements.

Investor Meetings and Engagements

The Chief Executive Officer, the CFO, and the Investor Relations Head, make themselves available throughout the year for meetings with institutional investors through pre-arranged company and site visits, and teleconferences. Attendance in local and international investor conferences, corporate days and non-deal roadshows, where and when appropriate, is also being considered to expand the Company•€™s investor base and coverage. The Investor Relations desk likewise directly communicates with these investors through one-on-one meetings, calls and written communications.

Furthermore, the Company•€™s Investor Relations Division has been strengthened and refocused to address concerns of the investment community. In addition to the financial statements provided on a quarterly basis, operating statistics and other vital information are also disseminated to both equity and credit analysts to aid in their analysis and valuation of the Company. Analyst briefings will be conducted to offer a more personal interaction with the investment community.

Reporting of Transactions and Trading Black-outs

The Company strictly adheres to the guidelines covering securities dealings to comply with existing government regulations and promote fairness. Changes in personal shareholdings of Directors and key officers of the Company resulting from open market transactions or the grant of shares from incentive-based schemes implemented by the Company are reported to the SEC and PSE within the specified deadlines.


The Company strictly enforces and monitors compliance with its policy on insider trading, which prohibits trading of Company securities during prescribed periods by the following covered persons:

•€ Members of the Board of Directors

•€ Members of the Management Team  

•€ Employees who have been made aware of undisclosed material information with respect to the Company and its operations

The blackout period begins thirty (30) calendar days prior to the disclosure of the Annual Financial Results until two  (2) full trading days thereafter. For the quarterly results, the blackout period begins fifteen (15) calendar days before the structured disclosure until two (2) full trading days after the date of the disclosure. On the right is the schedule of release of the Company•€™s interim and fullyear results for the calendar year 2014.

In cases of non-structured disclosures of other material information, employees in possession of price sensitive information are reminded not to trade in the Company•€™s shares from the time they come into possession of any material information and up to two (2) full trading days after the information is disclosed to the public. The blackout period for employees not previously privy to such material information shall commence on the date the information is disclosed and until two (2) full trading days from such disclosure. Reminders on these guidelines are provided periodically.

Insider Trading
Philex Mining consistently enforces a policy encompassing share transactions, in compliance with existing government laws against insider trading. In 2013, there was no case of insider trading involving Company directors or management.


Compliance Officer

Danny Y. Yu, the Company•€™s CFO and Senior Vice President for Finance, is also the Compliance Officer designated to ensure adherence with best practices as well as compliance with all regulations that cover the Company. Rolando S. Bondoy, who is the Head for Investor Relations, is the Deputy Compliance Officer.