As previously announced in LN00175-2021 dated August 10, 2021, in view of Filinvest REIT Corp.’s (“FILRT” or the “Company”) compliance with the lock-up requirement of the Exchange, 529,246,687 and 2,565,924,660 common shares were subject to a lock-up period of 180 days and 365 days, respectively, assuming that the Over-Allotment Option have been exercised.
In a letter dated June 29, 2022, BPI Securities Corporation (the “Escrow Agent”) informed the Exchange that the lock-up period for the 2,565,924,658 shares held by Filinvest Land, Inc. (“FLI”) will expire on July 2, 2022. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent and the above-mentioned shareholder on July 19, 2021.
In view thereof, the 2,565,924,658 FILRT common shares that were held in escrow will be eligible for trading on July 4, 2022, subject to the Company’s compliance with the Exchange’s Rules on Lodgment of Securities.
For your information and guidance. |