The Exchange approved the application of Arthaland Corporation (“ALCO” or the “Company”) for the follow-on offering of up to 6,000,000 Series F Preferred Shares (“Offer Shares”), at an offer price of Php500.00 per Offer Share. The Offer Shares consists of the following:
a. Firm Offer. 4,000,000 Series F Preferred Shares; and
b. Oversubscription Option: In the event of an oversubscription, the Lead Underwriter, with the consent of the Company, may increase the size of the Offer up to an additional 2,000,000 Series F Preferred Shares.
Please refer to the attached copy of the signed final offer terms of the Company’s Series F Preferred Shares for the details on the offer terms and conditions, as well as the features of the Offer Shares.
The number of issued and outstanding shares indicated in the fields above is on the assumption that the oversubscription option is fully exercised.
The Exchange’s approval of the listing of the Offer Shares is subject to the Company’s compliance with any and all of the post-approval conditions and requirements of the Exchange, the Securities and Exchange Commission and other relevant regulatory bodies. The same is without prejudice to any subsequent action that the Exchange may take in relation to the Company’s compliance with applicable rules of the Exchange.
The Exchange will advise the investing public of developments on the Offer of the Company.
For your information and guidance. |