C03636-2019 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 4,923,084,883 |
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Subject of the Disclosure |
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Issuance of New Shares |
Background/Description of the Disclosure |
Please be informed that our Executive Committee, at its meeting held today, approved the issuance of 49,444,216 new shares to our wholly-owned subsidiary, Orion Land, Inc. (OLI), for Php2.92 per share. After acquiring the 49,444,216 new shares, OLI will sell a total of 264,534,247 of its shareholdings in our Company to Avida Land Corp. in exchange for a parcel of land in South Park District, Muntinlupa City. |
Other Relevant Information |
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Name | June Vee Monteclaro-Navarro |
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Designation | Corporate Secretary |