C04129-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 227,480,638,425 |
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Subject of the Disclosure |
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Investment in A Real Estate Investment Trust (REIT) Corporation |
Background/Description of the Disclosure |
On June 20, 2024, at a meeting of the Board of Directors of the Issuer (the “Board”), the Board authorized the Issuer to invest in a corporation to be incorporated that will engage in the business of a real estate investment trust (“REIT”), as provided under Republic Act No. 9856 (the Real Estate Investment Trust Act of 2009), including its implementing rules and regulations (the “REIT Act”), and other applicable laws. The Issuer further authorized its President and Chief Executive Officer, Jaime Enrique Y. Gonzalez and/or its Chief Financial Officer, Mary Jenelle C. Palma, to execute and sign the relevant investment and/or subscription agreement/s and other documents and papers related to the said investment on behalf of the Issuer. The investment of the Issuer in the REIT corporation is subject to the approval of the pertinent regulatory bodies, after compliance with the relevant laws, rules and regulations in the incorporation, registration and listing of the said REIT company. The Issuer will fund its investment into the REIT Company thru a combination of equity and convertible debt and other instruments. |
Other Relevant Information |
-The foregoing report contains statements about future events and expectations that constitute “forward-looking statements.” These forward-looking statements include words or phrases such as the Issuer or its management “to invest“, “to execute and sign”, “will fund”, or other words or phrases of similar import. Similarly, statements that describe the Issuer's objectives, plans or goals are also forward-looking statements. All such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Such forward looking statements are made based on management’s current expectations or beliefs as well as assumptions made by, and information currently available to, management. These forward-looking statements speak only as at the date of this presentation and nothing contained in this presentation is or should be relied upon as a promise, warranty or representation as to the future. The Issuer expressly disclaims any obligation or undertaking to release, publicly or otherwise, any updates or revisions to any forward-looking statement contained herein to reflect any change in the Issuer's expectations with regard thereto or any change in events, conditions, assumptions or circumstances on which any statement is based. |
Name | Juname De Leon |
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Designation | System Administrator |