C02734-2022 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Stock | 9,948,997,197 |
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Subject of the Disclosure |
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RCR expands its portfolio thru the infusion of P5,888 Mn Robinsons Cyberscape Gamma from RLC via Property-for-Share Swap |
Background/Description of the Disclosure |
Please be informed that on 20 Apr 2022, the second property-for-share swap transaction of RL Commercial REIT Inc. (RCR) with its Sponsor, Robinsons Land Corporation (RLC) has been consummated through the execution of a Deed of Assignment for the infusion of Robinsons Cyberscape Gamma. This Grade-A asset is valued at Php5,888Mn in exchange of 777,807,133 primary common shares. The valuation has been supported by a third-party fairness opinion. |
Other Relevant Information |
Attached the SEC Form 17-C reflecting the correct header (RL Commercial REIT, Inc.) and Press Release. |
Name | Juan Antonio Evangelista |
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Designation | Corporate Secretary |