NOTICE
Subject Filinvest REIT Corp.: Initial Public Offering - Release of Shares under Lock-Up
Company Name Filinvest REIT Corp.
Security Details
Type of Security Stock Symbol Par Value
Common Shares FILRT Php 0.50
Reference(s) LN00175-2021 dated August 10, 2021
Type of Transaction(s) Initial Public Offering
Lock-up Details
Duration of Lock-up 180 days
Applicable Lock-up Rule Article III, Part D, Section 2 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent BPI Securities Corporation
Date of Execution of Escrow Agreement Jul 19, 2021
Details of the Mandatory Lock-up
Name of Shareholder No. of Shares Stock Symbol Percentage
Filinvest Land, Inc. 529,573,687 FILRT 10.82
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
FILRT 529,573,687
Expiry of Lock-up Feb 8, 2022
Effective Date of Tradability of the Shares Feb 9, 2022
Other Relevant Information

As previously announced in LN00175-2021 dated August 10, 2021, in view of Filinvest REIT Corp. ("FILRT" or the "Company") compliance with the lock-up requirement of the Exchange, 529,246,687 and 2,565,924,660 common shares were subject to a lock-up period of 180 days and 365 days, respectively, assuming that the Over-Allotment Option have been exercised.

In a letter dated January 28, 2022, BPI Securities Corporation (the "Escrow Agent") informed the Exchange that the lock-up period for the 529,573,687 FILRT common shares owned by FLI will expire on February 8, 2022. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent and the above-mentioned shareholder on July 19, 2021.

In view thereof, the 529,573,687 FILRT common shares that were held in escrow will be eligible for trading on February 9, 2022, subject to the Company's compliance with the Exchange's Rules on Lodgment of Securities.

For your information and guidance.

Filed on behalf by:
Name Norberto Moreno Jr.
Designation Listings Department

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Disclaimer

Filinvest REIT Corporation published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2022 04:48:07 UTC.