C06850-2022 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 1,508,910,810 |
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Subject of the Disclosure |
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PSE approves AREIT’s listing of additional 483M shares |
Background/Description of the Disclosure |
On July 1, 2022, AREIT, Inc. (AREIT or the Company) secured the Philippine Stock Exchange’s (PSE) approval of its application to list the additional 483,254,375 common shares (Swap Shares) covering the Company’s property-for-share swap transaction with its sponsor, Ayala Land, Inc. (ALI), and its subsidiaries. On September 8, 2022, the Swap Shares were listed with the PSE and shall thereafter be subject to a lock-up period of 180 days with BPI Securities Corp. as Escrow Agent. |
Other Relevant Information |
Please see the attached press release for additional information. |
Name | Michael Blase Aquilizan |
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Designation | Associate Manager |