The Exchange approved the application of VistaREIT, Inc. (the “Company” or “VREIT”) for the initial listing of up to 7,500,000,000 common shares, with a par value of Php 1.00 per share, under the Main Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”).
The IPO of the Company, with an Offer Price of up to Php 2.50 per share, consists of the following:
1. Secondary Offering. Up to 3,337,500,000 existing common to be offered by the Selling Shareholders will be issued to the public on a secondary basis; and
2. Over-allotment Option of up to 333,750,000 common shares.
The total Shares Under Escrow indicated above are based on the assumption that the Over-Allotment Option Shares are fully subscribed.
The 3,823,500,000 common shares owned by the Sponsors and the nominee directors shall be locked up from full payment up to 365 days after the listing of the said shares.
This notice is being amended to attach the Company’s updated preliminary offer terms sheet and to include the above corporate link of VREIT’s preliminary REIT Plan.
The Exchange’s approval of the conduct of the IPO and listing of the Company’s shares is subject to its compliance with all of the post-approval conditions and requirements of the Exchange.
The Exchange will advise the investing public of further developments on the IPO of the Company.
For your information and guidance. |