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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 Fourth 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 December 31, 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 December 31, 2023, the remaining balance of the proceeds from the block sale amounts to One Billion Nine Hundred Thirty Million Nine Hundred Sixty-Six Thousand Fifty-Seven Pesos and Forty-Four Centavos (Php1,930,966,057.44). |
| 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 01 October 2023 to 31 December 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 |
Please see attached file. |
| Name | Anna Michelle Llovido |
|---|---|
| Designation | Corporate Secretary |