NOTICE
Security Details
Lock-up Details
Details of the Mandatory Lock-up
Details of the Voluntary Lock-up (if applicable)
Total Shares to be Released from Lock-up
| Subject | MREIT Inc.: Initial Public Offering - Release of Shares under Lock-Up |
| Company Name | MREIT Inc. |
| Type of Security | Stock Symbol | Par Value |
| Common Shares | MREIT | Php 1.00 |
| Reference(s) | LN00234-2021 dated September 29, 2021 |
| Type of Transaction(s) | Initial Public Offering |
| Duration of Lock-up | 365 days |
| Applicable Lock-up Rule | Article III, Part D, Section 2 of the Consolidated Listing and Disclosure, as amended |
| Escrow Agent | BDO Unibank, Inc. - Trust and Investments Group |
| Date of Execution of Escrow Agreement | Sep 9, 2021 |
| Name of Shareholder | No. of Shares | Stock Symbol | Percentage |
| Jesus B. Varela | 1,000 | MREIT | 0 |
| Sergio R. Ortiz-Luis, Jr. | 1,000 | MREIT | 0 |
| Name of Shareholder | No. of Shares | Stock Symbol | Percentage |
| - | - | - | - |
| Stock Symbol | No. of Shares |
| MREIT | 2,000 |
| Expiry of Lock-up | Apr 23, 2022 |
| Effective Date of Tradability of the Shares | Apr 25, 2022 |
| Other Relevant Information |
As previously announced in Listing Notice No LN00234-2021 dated September 29, 2021, in light of MREIT Inc.'s ("MREIT" or the "Company") compliance with the lock-up requirement of the Exchange, 2,000 MREIT common shares were subjected to a lock-up period of 365 days from full payment date. In a letter dated April 20, 2022, BDO Unibank, Inc. - Trust and Investments Group (the "Escrow Agent"), informed the Exchange that the lock-up period for the 2,000 MREIT common shares owned by the above-mentioned locked-up shareholders will end on April 23, 2022. In view thereof, the 2,000 MREIT common shares that were held in escrow will be eligible for trading starting on Monday, April 25, 2022. For your information and guidance. |
Filed on behalf by:
| Name | Norberto Moreno Jr. |
| Designation | Listings Department |