C04001-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 14,700,395,599 | |
Preferred Shares | 13,066,494,759 |
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.
Subject of the Disclosure |
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ALI and AREIT execute Deed of Exchange |
Background/Description of the Disclosure |
Please be informed that earlier today, June 8, 2021, Ayala Land, Inc. (ALI) and its subsidiaries, Westview Commercial Ventures Corp. (WCVC) and Glensworth Development, Inc. (GDI), executed the Deed of Exchange with AREIT, Inc. (AREIT) on the property-for-share swap transaction involving the issuance of 483,254,375 primary common shares of AREIT (Shares) to ALI and its subsidiaries, at an issue price of Php32.00.00 per share in exchange for identified properties valued at Php15,464,140,000.00. |
Other Relevant Information |
Pertinent disclosures will be provided accordingly to update AREIT stockholders and the investing public. For more information on the transaction, please refer to the corresponding PSE Disclosure Form 4-1 – Acquisition and Disposition of Assets. |
Name | Michael Blase Aquilizan |
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Designation | Associate Manager |