1,282,424,381 Common Shares of MREIT, Inc. are subject to a Lock-Up Agreement Ending on 1-OCT-2022.
October 30, 2022
Share
1,282,424,381 Common Shares of MREIT, Inc. are subject to a Lock-Up Agreement Ending on 1-OCT-2022. These Common Shares will be under lockup for 365 days starting from 1-OCT-2021 to 1-OCT-2022.
Details:
Under the PSE Consolidated Listing and Disclosure Rules, an applicant company shall cause existing shareholders who own an equivalent of at least 10.0% of the issued and outstanding shares of stock of the company to refrain from selling, assigning, or in any manner disposing of their shares for a certain period.
Thus, 1,282,420,381 Shares, held by Megaworld Corporation shall be subject to as 365-day lockup period from Listing Date.
And 4,000 Shares held by Jesus B. Varela, Sergio R. Ortiz Luis, Jr., Katherine L. Tan and Antonio E. Llantada, Jr (1,000 Shares each) shall be subject to as 365-day lockup period from full payment of the Shares.
MREIT, Inc. is a Philippines-based company, which operates as a real estate investment trust (REIT). The Company seeks to secure income growth and provide a competitive investment return to the investors through present and future portfolio. Its objectives are primarily to own and invest in income-producing commercial portfolio of office, retail, and hotel properties in the Philippines. The Companyâs investment properties include several buildings for mixed-use, which are being leased out as office, retail, and hotel, including the hotelâs parking spaces. The Company's properties include Eastwood City, Iloilo Business Park, McKinley Hill, and McKinley West. Iloilo Business Park is an integrated urban township of approximately 72-hectare property in the bustling district of Mandurriao, Iloilo City. McKinley Hill is an integrated urban township on 50 hectares of land inside Fort Bonifacio, a former military camp in Taguig City.
MREIT, INC. 
