DDMP REIT, Inc. : Initial Public Offering - Release of Shares under Lock-Up
March 15, 2022 at 03:50 am
Share
NOTICE
Subject
DDMP REIT, Inc. : Initial Public Offering - Release of Shares under Lock-Up
Company Name
DDMP REIT, Inc.
Security Details
Type of Security
Stock Symbol
Par Value
Common shares
DDMPR
1.00
Reference(s)
LN00065-2021 dated March 23, 2021
Type of Transaction(s)
Initial Public Offering
Lock-up Details
Duration of Lock-up
365 days
Applicable Lock-up Rule
Article III, Part D, Section 2 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent
PNB acting through its Trust Banking Group
Date of Execution of Escrow Agreement
Mar 5, 2021
Details of the Mandatory Lock-up
Name of Shareholder
No. of Shares
Stock Symbol
Percentage
Antonio Go
1
DDMPR
-
Edgardo Lacson
1
DDMPR
-
Rene Buenaventura
1
DDMPR
-
Details of the Voluntary Lock-up (if applicable)
Name of Shareholder
No. of Shares
Stock Symbol
Percentage
-
-
-
-
Total Shares to be Released from Lock-up
Stock Symbol
No. of Shares
DDMPR
3
Expiry of Lock-up
Mar 24, 2022
Effective Date of Tradability of the Shares
Mar 25, 2022
Other Relevant Information
As previously announced in Listing Notice No. LN00065-2021 dated March 23, 2021, in light of DDMP REIT, Inc.'s ("DDMPR" or the "Company") compliance with the lock-up requirement of the Exchange, three (3) DDMPR common shares were subject to a lock-up period of 365 days from listing date.
In a letter dated March 14, 2022, Philippine National Bank, acting through its Trust Banking Group (the "Escrow Agent"), informed the Exchange that the lock-up period for the three (3) DDMPR common shares owned by the above-mentioned Locked-up Shareholders, will expire on March 24, 2022.
In view thereof, the three (3) DDMPR common shares that were held in escrow will be eligible for trading starting on Friday, March 25, 2022.
For your information and guidance.
Filed on behalf by:
Name
Norberto Moreno Jr.
Designation
Listings Department
Attachments
Original Link
Original Document
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Disclaimer
DDMP REIT Inc. published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 07:49:09 UTC.
DDMP REIT, Inc. is a Philippines-based real estate company. The Company is a commercial real estate investment trust formed primarily to own and invest in an income-producing commercial portfolio of office, retail, industrial and hotel properties in the Philippines. It is engaged in the business of real estate development including but not limited to residential and condominium projects, to acquire by purchase or lease land and interest in land, to own, hold, impose, promote, develop, subdivide and manage any land owned, held or occupied by the Company, to construct, manage or administer buildings such as condominiums, apartments, hotels, restaurants, stores or other structures and to mortgage, sell, lease or otherwise dispose of land, interests in land and buildings or other structures at any time. Its property portfolio consists of three operational office buildings with retail components in DD Meridian Park. DD Meridian Park is being developed as an office-led mixed-use development.