As previously announced in Listing Notice No. LN00234-2021 dated September 29, 2021, in light of MREIT, Inc.’s (“MREIT” or the “Company”) compliance with the lock-up requirement of the Exchange, 1,572,282,881 MREIT common shares held by Megaworld Corporation (“MEG”) were subject to a lock-up period of 365 days from the listing date of the said shares.
In a letter dated September 23, 2022, BDO Unibank, Inc., through its Trust and Investments Group (the “Escrow Agent”), informed the Exchange that the lock-up period for the 1,572,282,881 MREIT common shares owned by MEG, will expire on October 1, 2022.
In view thereof, the 1,572,282,881 MREIT common shares that were held in escrow will be eligible for trading starting on October 3, 2022.
For your information and guidance. |