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Megaworld CorporationMEG PSE Disclosure Form REIT-2 - Reinvestment Plan Progress ReportReference: Section 6 of the Amended PSE Listing Rules for REITS
- Annual Report
- Quarterly Report
| Subject of the Disclosure |
2021 Fourth Quarter Sponsor Progress Report on the Disbursement of Proceeds from the Initial Public Offering ("IPO") of MREIT, Inc. ("MREIT"), pursuant to the Reinvestment Plan of Megaworld Corporation ("MEG"). |
| Background/Description of the Disclosure |
Progress Report on the Use of Proceeds for the quarter ending 31 December 2021 in relation to the Reinvestment Plan submitted by MEG in connection with the IPO of MREIT, duly certified by external auditors. |
| Update or Status of the Reinvestment Plan |
As of 31 December 2021, the remaining balance of the proceeds from the MREIT IPO amounts to Thirteen Billion Two Hundred Thirty-Six Million Three Hundred Fifty-Three Thousand Eight Hundred Thirty Pesos and 30/100 (Php13,236,353,830.30). |
| 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 of 01 October 2021 to 31 December 2021: |
| Description of Real Estate Assets and/or Infrastructure Projects for the Period |
One Le Grand Tower - Office/retail building in McKinley West, Taguig City |
| Other Relevant Information |
None |
| Name | Anna Michelle Llovido |
| Designation | Corporate Secretary |