C08325-2020 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
---|---|---|
Common Shares | 4,542,298,911 |
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.
Subject of the Disclosure |
---|
Material Information |
Background/Description of the Disclosure |
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 the 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”). |
Other Relevant Information |
For more details, please see attached SEC 17-C and amended press release. The error in the press release on the maximum percentage of the total issued and outstanding common shares to be acquired by First Philippine Holdings Corporation under the Tender Offer has been corrected to be 45.56% (instead of 45.59%). |
Name | Maria Amina Amado |
---|---|
Designation | VP, Compliance Officer & Asst. Corp. Secretary |