CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Jan 12, 2018
2. SEC Identification Number
93269-A
3. BIR Tax Identification No.
000-361-376-000
4. Exact name of issuer as specified in its charter
Robinsons Land Corporation
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Level 2 Galleria Corporate Center, EDSA cor. Poveda St. Ortigas Center, Pasig CityPostal Code1100
8. Issuer's telephone number, including area code
(632) 6337631 to 40
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
4,093,830,685
11. Indicate the item numbers reported herein
Others
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Robinsons Land CorporationRLC
PSE Disclosure Form 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Robinsons Land Corporation: Stock Rights Offering (the "Offer")
Background/Description of the Disclosure
On November 13, 2017, the Board of Directors of Robinsons Land Corporation ("RLC") approved in principle the rights offer of its common shares with target gross proceeds of up to Php20 billion.
Date of Approval by Board of Directors
Nov 13, 2017
Entitlement Ratio
1 Rights Share for every [approximately 3.7 to 4.3] Common Shares
Offer Price
PHP[18.00 to 21.00]
Number of Shares to be Offered
1,100,000,000
Ex-Rights Date
Jan 26, 2018
Record Date
Jan 31, 2018
Start of Offer Period
Feb 2, 2018
End of Offer Period
Feb 8, 2018
Use of Proceeds
RLC intends to use the proceeds from the Offer to finance the acquisition of land located in various parts of the country for all its business segments.
Other Relevant Information
This Amended PSE Disclosure Form 4-14 is being filed in order to update the entitlement ratio, offer price, number of shares, ex-rights date, record date, start of offer period and the end of offer period.
1. Number of common shares to be offered shall be up to 1,100,000,000 2. Offer Price - PHP (18.00 to 21.00) per Rights Share, equivalent to a [.]% discount to the volume weighted average price of RLC's common shares traded in the PSE for the [15 to 45] -day trading period immediately on the pricing date