Filinvest Land, Inc. (“the Company”) is conducting a tender offer to reacquire to up to 1,866,000,000 (7.69%) issued and outstanding common shares of FLI from shareholders of the company.


A stockholder who wishes to tender his/ her FLI (Filinvest Land, Inc.) common shares will receive FILRT (Filinvest REIT Corp.) shares in exchange with a ratio of 0.32 FILRT shares for every 1 FLI share tendered. No fractional shares will be issued, thus, the equivalent FILRT shares to be received will be rounded down to the nearest whole share.


Here is a video to explain this tender offer:




Here are the details of the offering you should know:


TENDER OFFER EXCHANGE RATIO

Exchange Ratio1 FLI share : 0.32 FILRT share
Sample Computation1,000 FLI shares = 320 FILRT shares
Minimum Shares to Tender4 FLI shares


SELLING FEES

Selling ValueP1.00 for every 1 FLI share
Fees
  • Commission Fee (0.25%)
  • VAT on Commission (12% of the Comm fee)
  • PSE Fee (0.005%)
  • SCCP Fee (0.01%)
  • Sales Tax (0.6%)
  • SEC Fee (0.005%)
  • SIPF Fee (0.001%)
Sample Computation1,000 FLI Shares
  • Commission Fee (P1.00 x 1,000 shares x 0.25% = P2.50)
  • VAT on Commission (P2.50 x 12%= P0.30)
  • PSE Fee (P1.00 x 1,000 shares x 0.005% = P0.05)
  • SCCP (P1.00 x 1,000 shares x 0.01% = P0.10)
  • Sales Tax (P1.00 x 1,000 shares x 0.6% = P6.00)
  • SEC Fee (P1.00 x 1,000 shares x 0.005% = P0.05)
  • SIPF Fee (P1.00 x 1,000 shares x 0.001% = P0.01)


Total Fees: P9.01

How to pay the selling feesFees will be debited from your COL account on November 22, 2024


IMPORTANT DATES

EVENT
DATE
COL Tender Offer PeriodOctober 7 - November 22, 2024 (12nn)
Deadline to participate and payment of the selling feesNovember 22, 2024 (12nn)
Target Cross DateDecember 9, 2024
Settlement DateDecember 11, 2024


IMPORTANT THINGS TO DO TO TENDER YOUR FLI SHARES

FeesMake sure your cash balance has sufficient funds for the selling fees on November 22, 2024
Consent to trade REITSMake sure that your account has the consent to trade REITs to receive the FILRT shares. To agree and give your consent to trade REITs click on the  GREEN  banner in your HOME page.
No GTC ordersMake sure you have no selling GTC orders for your FLI shares to be tendered



SOME NOTES

  • The purpose of this voluntary tender offer by Filinvest Land, Inc. is for Share Buyback purposes which will result in additional treasury shares for FLI. The Company (Issuer) has no plans to delist FLI from the PSE.
  • The tender offer agent may accept, reject or scale down tender offer applications. In the event that the total tendered shares exceeds the cap of 1.87 Bil shares, tendered shares will most likely be prorated and the unaccepted tender shares, as applicable, shall be returned to the tendering shareholder.