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Lopez Holdings CorporationLPZ

PSE Disclosure Form 4-33 - Voluntary Trading Halt

Subject of the Disclosure
Voluntary Trading Halt
Background/Description of the Disclosure
Request for Voluntary Trading Halt on December 1, 2020.

Stock Symbol(s) of Affected Securities	LPZ

Trading Halt Details
Execution Date	Dec 1, 2020
Execution Time	9 a.m.
Lifting Date	Dec 2, 2020
Lifting Time	9 a.m.

Reason(s) for the request
Please be advised that on December 1, 2020, the Board of Directors of Lopez Holdings Corporation (“LPZ” or the “Corporation”) has acknowledged the conduct by First Philippine Holdings Corporation (“FPH”) of a tender offer to acquire a minimum of 908,459,782 common shares of its parent company, LPZ, representing approximately 20% of the total issued and outstanding common shares of LPZ and up to a maximum of 2,069,273,361 common shares of LPZ representing approximately 45.56% of the total issued and outstanding common shares of LPZ, from all the shareholders of LPZ excluding the shares owned by its ultimate parent entity, Lopez, Inc. which has agreed not to tender its common shares, under such terms and conditions as FPH may determine, and as may be required and in accordance with law (“Tender Offer”). In this connection, LPZ has authorized the filing of a petition for voluntary delisting of the Corporation from the Main Board of the Philippine Stock Exchange (“PSE”), conditioned on the fulfilment of the terms and conditions as FPH may prescribe in accordance with law (“Voluntary Delisting”). FPH has advised that a Tender Offer Report, in the form of SEC Form 19-1, including its annexes, will be filed with the Securities and Exchange Commission (“SEC”), PSE, and LPZ on or about December 4, 2020, which contains, among others, the application to tender and the terms and conditions of the Tender Offer. Copies of the Tender Offer Report and the relevant tender offer materials will be disseminated as required by law and sent to each common shareholder of LPZ separately. The Corporation, together with FPH, intends to seek such clearances and reliefs from such government agencies and regulatory bodies as may be applicable to the Tender Offer, from the SEC, PSE, and the Philippine Competition Commission. The Tender Offer is intended to commence on January 22, 2021 and end on February 19, 2021, subject to terms and conditions of the Tender Offer, at a price of Three Pesos and Eighty Five Centavos (P3.85) per common share. In view of the foregoing, LPZ requests for a trading halt of its shares for the entire day of December 1, 2020.

Reason(s) for the request

Please be advised that on December 1, 2020, the Board of Directors of Lopez Holdings Corporation (“LPZ” or the “Corporation”) has acknowledged the conduct by First Philippine Holdings Corporation (“FPH”) of a tender offer to acquire a minimum of 908,459,782 common shares of its parent company, LPZ, representing approximately 20% of the total issued and outstanding common shares of LPZ and up to a maximum of 2,069,273,361 common shares of LPZ representing approximately 45.56% of the total issued and outstanding common shares of LPZ, from all the shareholders of LPZ excluding the shares owned by its ultimate parent entity, Lopez, Inc. which has agreed not to tender its common shares, under such terms and conditions as FPH may determine, and as may be required and in accordance with law (“Tender Offer”).
In this connection, LPZ has authorized the filing of a petition for voluntary delisting of the Corporation from the Main Board of the Philippine Stock Exchange (“PSE”), conditioned on the fulfilment of the terms and conditions as FPH may prescribe in accordance with law (“Voluntary Delisting”).
FPH has advised that a Tender Offer Report, in the form of SEC Form 19-1, including its annexes, will be filed with the Securities and Exchange Commission (“SEC”), PSE, and LPZ on or about December 4, 2020, which contains, among others, the application to tender and the terms and conditions of the Tender Offer. Copies of the Tender Offer Report and the relevant tender offer materials will be disseminated as required by law and sent to each common shareholder of LPZ separately.
The Corporation, together with FPH, intends to seek such clearances and reliefs from such government agencies and regulatory bodies as may be applicable to the Tender Offer, from the SEC, PSE, and the Philippine Competition Commission.
The Tender Offer is intended to commence on January 22, 2021 and end on February 19, 2021, subject to terms and conditions of the Tender Offer, at a price of Three Pesos and Eighty Five Centavos (P3.85) per common share.
In view of the foregoing, LPZ requests for a trading halt of its shares for the entire day of December 1, 2020.

Other Relevant Information
Please see attached SEC Form 17-C and press release issued by the Corporation.

Filed on behalf by:

Name	Maria Amina Amado
Designation	VP, Compliance Officer & Asst. Corp. Secretary