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Ayala Land : Reinvestment Plan Progress Report
Ayala Land : Reinvestment Plan Progress
About this update from Ayala Land Inc.
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party. Ayala Land, Inc. ALI 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 2022 First Quarter Sponsor Progress Report on Disbursement of Proceeds from the sale of 44 million AREIT, Inc.("AREIT") shares pursuant to the Sponsor Reinvestment Plan of Ayala Land, Inc. Background/Description of the Disclosure Progress Report on the Application of Proceeds for 1Q 2022, duly certified by our external auditors, in compliance with the disclosure requirements of the Philippine Stock Exchange, in relation to the Reinvestment Plan submitted in connection with the sale of 44 million AREIT shares. Update or Status of the Reinvestment Plan Please be advised, as of March 31, 2022, ALI already disbursed the total gross proceeds amounting to One Billion Four Hundred Eight Million Pesos (Phpl,408,000,000) in accordance with its Reinvestment plan. Summary of Transactions Involving Real Estate and/or Infrastructure Projects for the Period Project Name: One Vertis Plaza Disbursing Entity: Ayala Land, Inc. Amount: Php167,842,669.23 Project Name: Arbor Lanes 3-5 Disbursing Entity: Ayala Land, Inc. Amount: Php353,093,073.88 Project Name: Gardencourt Disbursing Entity: Ayala Land Inc. Amount: Php175,533,678.37 Project Name: Andacillo Disbursing Entity: Ayala Land Inc. Amount: Php175,796,424.97 Project Name: Orean Place T2 Disbursing Entity: Ayala Land Inc. Amount: Php127,890,492.25 Project Name: Manila Property Disbursing Entity: Avida Land Corp. Amount: Php 300,436,281.60 Project Name: Avida Towers Riala T1-T5 Disbursing Entity: Avida Land Corp. Amount: Php98,252,365.13 Project Name: Avida Towers Verge T1 Disbursing Entity: Avida Land Corp. Amount: Php 9,155,014.57 Description of Real Estate Assets and/or Infrastructure Projects for the Period One Vertis Plaza - 43-storey Premier Corporate Tower Arbor Lanes 3-5 - 5-tower residential development Gardencourt - 5-tower residential development Andacillo - 49.3 ha residential development Orean Place T2 - 40-storey residential tower Manila Property - Land acquisition Avida Towers Riala T1-T5 - Residential condominium in Cebu IT Park Avida Towers Verge T1 - 40-storey residential tower Other Relevant Information - Filed on behalf by: Name Michael Blase Aquilizan Designation Manager