11,290,728,087 Common Shares of DDMP REIT Inc. are subject to a Lock-Up Agreement Ending on 25-SEP-2021.
September 25, 2021
Share
11,290,728,087 Common Shares of DDMP REIT Inc. are subject to a Lock-Up Agreement Ending on 25-SEP-2021. These Common Shares will be under lockup for 185 days starting from 24-MAR-2021 to 25-SEP-2021.
Details:
11,290,728,087 shares will be under lock up for 180 day after the listing of shares.
In addition, under the PSE Listing Rules, if there is any issuance or transfer of shares (i.e., private placements, asset for shares swaps, or similar transactions) or instruments which lead to issuance of shares (i.e., convertible bonds, warrants, or similar instruments) done and fully paid for within 180 calendar days prior to the listing date, and the transaction price is lower than that of the listing price, all shares availed of shall be subject to a lock-up period of at least 365 calendar days from full payment of the aforesaid shares.
DDMP REIT, Inc. is a Philippines-based real estate company. The Company is a commercial real estate investment trust formed primarily to own and invest in an income-producing commercial portfolio of office, retail, industrial and hotel properties in the Philippines. It is engaged in the business of real estate development including but not limited to residential and condominium projects, to acquire by purchase or lease land and interest in land, to own, hold, impose, promote, develop, subdivide and manage any land owned, held or occupied by the Company, to construct, manage or administer buildings such as condominiums, apartments, hotels, restaurants, stores or other structures and to mortgage, sell, lease or otherwise dispose of land, interests in land and buildings or other structures at any time. Its property portfolio consists of three operational office buildings with retail components in DD Meridian Park. DD Meridian Park is being developed as an office-led mixed-use development.