To all shareholders of Voting non-listed shares of Ayala Land, Inc. (ALI) (VPS) as of record date March 11, 2022, please be informed that Ayala Land Inc. (ALI) would like to exercise their option to redeem its outstanding voting preferred shares (VPS). As a shareholder you have the follow options to choose from (choose only one):
Option 1: REDEEM - Sell your ALIVPS shares back to the company
| Offer Price: | Php0.10/share plus accrued dividends |
| Accrued Dividends: | Php0.00474786/share |
| Offer Period: | March 24 to May 24, 2022 |
| Payable Date / Settlement Date: | June 24, 2022 onwards subject to receipt of funds |
| COL Offer Period: | April 1 to May 10, 2022 (12nn) |
To redeem your ALIVPS shares, an email was sent to your COL registered email and kindly click the SELECT button beside the Option 1: REDEEM choice on or before the deadline on May 10, 2022 (12nn).
If you have not received an email, please email helpdesk@colfinancial.com with your name, COL account number and chosen option on or before the deadline.
Option 2: KEEP SHARES - Retain what you have and received repriced dividends afterwards
| New Dividend Rate: | To be repriced on June 29, 2022 with the 10-year PHP BVAL Reference Rate as the successor benchmark rate, payable annually, non-cumulative |
Option 3: CONVERT: ALIVPS to ALI Common Shares
| Conversion Ratio: | 1 voting preferred share for every 1 common share |
| Conversion Price to Common Share: | Higher of:
|
| Conversion period: | Starts on June 29, 2022 |
| COL Offer period: | To Be Announced Upon Coordination with the Stock Transfer Office |
To convert your ALIVPS shares, we will send another email notification with the conversion price for your confirmation. Also please make sure that your COL account has sufficient funds for the payment on the deadline stated in the email.
Should no action was made to indicate which option is chosen, the default option for a shareholder's ALIVPS will be Option 2: KEEP SHARES.
Note: This announcement only serves as a guide for your convenience and does not contain all the details of the offer. In case you decide to avail of the offer, please read the details of the Terms of the Redemption Offer (attached below) carefully before proceeding. It is your responsibility to understand the terms of the offer before subscribing to the same.