Filinvest REIT Corp.: Initial Public Offering - Release of Shares under Lock-Up
February 02, 2022 at 11:49 pm
Share
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
Attachments
Original Link
Original Document
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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.
Filinvest REIT Corp. is a Philippines-based real estate investment trust company. The Company owns, invests in, purchases, acquires, holds, possesses, leases, constructs, develops, alters, improves, operates, manages, administers, sells, assigns, conveys, encumbers, in whole or in part; invests in, purchases, acquires own, holds, sells, assigns, transfers, mortgages, pledges, exchanges, or otherwise dispose of real estate and other related assets, and managed funds. The Company develops properties in the Philippines with a portfolio of residential, commercial, industrial, and office developments around the archipelago. The Companyâs portfolio consists of approximately 17 office buildings, 16 located in Northgate Cyberzone and one in Cebu Cyberzone. Its portfolio includes Axis Tower One, Filinvest One, Filinvest Two, Filinvest Three, Vector One, Vector Two, Vector Three, Plaza A, Plaza B, Plaza C, Plaza D, Plaza E, iHUB1, iHUB2, 5132 Building, Capital One, and Cebu Tower 1.