C00307-2022 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 1,494,241,674 |
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 |
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Signing of Memorandum of Agreement |
Background/Description of the Disclosure |
On January 18, 2022, Manila Jockey Club, Inc. (“MJC”) and Megaworld Corporation (“MEG”) entered into a Memorandum of Agreement (the “Agreement), wherein MJC (or through its wholly-owned subsidiaries) agreed to sell, transfer and convey to MEG all of its rights, title and interest in certain parcels of land, located in Sta. Cruz, Manila, with an aggregate area of 22,143.50 sq.m. (the “Subject Properties”), for a total purchase price of Php1,887,733,375.00. The definitive sale agreements shall be executed upon the submission of closing documents to the satisfaction of buyer. |
Other Relevant Information |
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Name | Chino Paolo Roxas |
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Designation | Corporate Information Officer and Compliance Officer |