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Megaworld CorporationMEG
PSE Disclosure Form REIT-2 - Reinvestment Plan Progress Report
Reference: Section 6 of the Amended PSE Listing Rules for REITS
- Annual Report
- Quarterly Report
| Subject of the Disclosure |
|---|
2023 Third Quarter Sponsor Progress Report on the Use of the Proceeds from the Block Sale of 279,400,000 Common Shares of MREIT Inc. (MREIT), pursuant to the Reinvestment Plan of Megaworld Corporation (Megaworld) |
| Background/Description of the Disclosure |
Progress Report on the use of proceeds for the quarter ending September 30, 2023, in relation to the Reinvestment Plan submitted by Megaworld in connection with the block sale of 279,400,000 common shares of MREIT, duly certified by external auditors. |
| Update or Status of the Reinvestment Plan |
As of September 30, 2023, the remaining balance of the proceeds from the block sale amounts to Two Billion Five Hundred Sixty Million Nine Hundred Sixty-Six Thousand Fifty-Seven Pesos and 44/100 (Php2,560,966,057.44). |
| Summary of Transactions Involving Real Estate and/or Infrastructure Projects for the Period |
The following disbursements for the Reinvestment Plan were made for the period covering July 2023 to 30 September 2023: |
| Description of Real Estate Assets and/or Infrastructure Projects for the Period |
Davao Park District – Malls, Offices, Land Development, and other developments in Davao |
| Other Relevant Information |
- |
| Name | Anna Michelle Llovido |
|---|---|
| Designation | Corporate Secretary |