CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Sep 20, 2023
2. SEC Identification Number
CS200613870
3. BIR Tax Identification No.
006-346-689
4. Exact name of issuer as specified in its charter
AREIT, Inc.
5. Province, country or other jurisdiction of incorporation
Makati City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
28/F Tower One and Exchange Plaza, Ayala Ave. Makati CityPostal Code1226
8. Issuer's telephone number, including area code
(+632) 7908-3804
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares
1,761,047,193
11. Indicate the item numbers reported herein
Item 9 - Other Matters
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
AREIT, Inc.AREIT
PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Securities and Exchange Commission' s Approval of the Amended Articles of Incorporation
Background/Description of the Disclosure
The Securities and Exchange Commission approved today the increase in our authorized capital stock from Php29,500,000,000.00 to Php40,500,000,000.00 through the increase in common shares by 1,100,000,000, as well as the corresponding amendment of the Seventh Article of our Articles of Incorporation.
Date of Approval by Board of Directors
Feb 24, 2023
Date of Approval by Stockholders
Apr 26, 2023
Other Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
Sep 20, 2023
Date of Receipt of SEC approval
Sep 20, 2023
Amendment(s)
Article No.
From
To
SEVENTH
The authorized capital stock of the corporation is Twenty-Nine Billion Five Hundred Million Pesos (P29,500,000,000.00), in lawful money of the Philippines, divided into Two Billion Nine Hundred Fifty Million (2,950,000,000) Common Shares with a par value of Ten Pesos (P10.00) per share. xxx
The authorized capital stock of the corporation is Forty Billion Five Hundred Million Pesos (P40,500,000,000.00), in lawful money of the Philippines, divided into Four Billion Fifty Million (4,050,000,000) Common Shares with a par value of Ten Pesos (P10.00) per share. xxx
Rationale for the amendment(s)
The increase in ACS would enable AREIT to grow its assets under management through asset infusions.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC
Sep 11, 2023
Expected date of SEC approval of the Amended Articles of Incorporation
Sep 20, 2023
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
The increase in ACS would enable AREIT to grow its assets under management through asset infusions and other allowable investments under the REIT Law.
Other Relevant Information
This disclosure is being amended to disclose the approval of the Securities and Exchange Commission of the increase in the authorized capital stock and the amendment to the Seventh Article of the Articles of Incorporation of our Company.