LN00046-2021

NOTICE

Subject DDMP REIT, Inc.: Initial Public Offering – Preliminary Terms and Conditions
Company Name DDMP REIT, Inc.
Security Details
Type of Security Stock Symbol Par Value
Common Shares DDMPR Php 1.00
Mode of Listing Initial Public Offering
Board Main Board
Date of PSE Approval Feb 24, 2021
Issued Shares (Post-Offer)
Stock Symbol No. of Shares
DDMPR 17,827,465,406
Outstanding Shares (Post-Offer)
Stock Symbol No. of Shares
DDMPR 17,827,465,406
Treasury Shares (Post-Offer) (if applicable)
Stock Symbol No. of Shares
- -
Primary Offer Shares
Stock Symbol No. of Shares
- -
Secondary Offer Shares (if applicable)
Stock Symbol No. of Shares
DDMPR Up to 5,942,488,469
Total Offer Shares
Stock Symbol No. of Shares
DDMPR Up to 5,942,488,469
Over-Allotment Option Shares (if applicable)
Stock Symbol No. of Shares
DDMPR Up to 594,248,847
Shares Applied for Listing
Stock Symbol No. of Shares
DDMPR 17,827,465,406
Offer Price Up to Php 2.25
Market Capitalization (Post-IPO) Up to Php 40,111,797,163.50
TP Allocation Up to 1,188,498,000 common shares equivalent to up to Php 2,674,120,500.00
Allocation per TP Up to 9,662,000 common shares equivalent to up to Php 21,739,500.00
LSI Allocation Up to 594,249,000 common shares equivalent to up to Php 1,337,060,250.00
Estimated Public Float (Post-IPO) 33.33%*
Applicable Lock-up Rule Article III, Part D, Section 2 of the Listing Rules
Total Shares Under Escrow
Stock Symbol No. of Shares Duration of Lock-up
DDMPR 11,290,728,087 180 days
DDMPR 3 365 days
Lead Underwriter(s) -
Stabilizing Agent (if applicable) PNB Securities, Inc.
Other Parties to the Offer
Function Name of the Party
Sponsors and Selling Shareholders DoubleDragon Properties Corp.
Sponsors and Selling Shareholders Benedicto V. Yujuico
Sponsors and Selling Shareholders Teresita M. Yujuico
Joint Bookrunners Investment & Capital Corporation of the Philippines
Joint Bookrunners RCBC Capital Corporation
Joint Bookrunners CIMB Investment Bank Berhad
Joint Bookrunners Macquarie Capital Securities (Singapore) Pte. Ltd.
Joint Bookrunners Maybank Kim Eng Securities Pte. Ltd.
Domestic Underwriters PNB Capital and Investment Corporation
Domestic Underwriters Investment & Capital Corporation of the Philippines
Domestic Underwriters RCBC Capital Corporation
International Bookrunners Credit Suisse (Singapore) Limited
International Bookrunners DBS Bank Ltd.
International Bookrunners Nomura Singapore Limited
International Bookrunners CIMB Investment Bank Berhad
International Bookrunners Macquarie Capital Securities (Singapore) Pte. Ltd.
International Bookrunners Maybank Kim Eng Securities Pte. Ltd.
Legal Counsel to the Issuer and Selling Shareholders on Philippine Law Martinez Vergara Gonzalez & Serrano
Legal Counsel to the Underwriters on Philippine Law Romulo Mabanta Buenaventura Sayoc & de los Angeles
Legal Counsel to the Underwriters on US Federal and New York State Law Milbank LLP
Selling Agents REIT-Eligible PSE Trading Participants
Stock Transfer Agent Philippine National Bank Trust Banking Group
Receiving Agent Philippine National Bank Trust Banking Group
Escrow Agent Philippine National Bank Trust Banking Group
External Auditor R.G. Manabat & Co. (KPMG)
Price-Setting Date Mar 5, 2021
Start of Offer Period Mar 10, 2021
End of Offer Period Mar 16, 2021
Tentative Listing Date Mar 23, 2021
Corporate Website Hyperlink to the Prospectus TBD
Other Relevant Information

On February 24, 2021, the Exchange approved the application of DDMP REIT, Inc. (the “Company” or “DDMPR”) for the initial listing of 17,827,465,406 common shares, with a par value of Php 1.00 per share, under the Main Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”).

The IPO of the Company, with an Offer Price of up to Php 2.25 per share, consists of the following:

1. Secondary Offering of up to 5,942,488,469 existing common shares to be offered by DoubleDragon Properties Corp. (“DD”), Benedicto V. Yujuico and Teresita M. Yujuico (“Spouses Yujuico”, collectively with DD, “the Selling Shareholders” or the “Sponsors”); and

2. Over-allotment Option of up to 594,248,847 common shares and will be sold as part of the Institutional Offer.

Attached is a copy of the Preliminary Offer Terms Sheet.

The Company’s Estimated Public Float (Post-IPO), assuming the Over-allotment Option is fully exercised will be 36.67%. The indicated post-IPO public float of 33.33% is on the assumption that the Over-Allotment Option is not fully exercises. On the other hand, the Total Shares Under Escrow indicated above are based on the assumption that the Over-Allotment Option Shares are likewise fully subscribed.

The Allocation per TP stated above is based on the list of REIT-Eligible PSE Trading Participants as of December 14, 2020. Please refer to CN-No. 2020-0101 dated December 14, 2020. Please note, however, that in Memorandum CN-No. 2020-0105 dated December 28, 2020, the Exchange announced that it has approved the application for voluntary suspension of King’s Power Securities, Inc. effective beginning January 1, 2021 until December 31, 2021. The number of active REIT-Eligible TPs and the consequent allocation per REIT-Eligible TP will be announced accordingly.


The Exchange’s approval of the conduct of the IPO and listing of the Company’s shares is subject to its compliance with all of the post-approval conditions and requirements of the Exchange.

The Exchange will advise the investing public of further developments on the IPO of the Company.

For your information and guidance.

Filed on behalf by:
Name Norberto Moreno Jr.
Designation Listings Department