|Offer||Firm Shares: 5,942,488,469 common shares
Option Shares: up to 594,248,847 common shares
|Offer Price||₱2.25 per share|
|Offer Period||March 10 to March 16, 2021|
|Listing Date||March 23, 2021|
|The above table only provides select terms of the offer for DDMP REIT, Inc.’s (the “Company”) Real Estate Investment Trust (“REIT”) initial public offering. Investors are strongly advised to carefully read the contents of the Final REIT Plan dated March 7, 2021, together with the more detailed information, financial statements and annexes appearing therein: Click here to access the Final REIT Plan|
|Investors are advised to read the implementing guidelines for the application and settlement procedures for Local Small Investors under the Local Small Investors Program (the “LSI Guidelines”) of the Securities and Exchange Commission (“SEC”) and The Philippine Stock Exchange, Inc. (“PSE”) through the PSE Electronic Allocation System (“PSE EASy”): Click here to access the LSI Guidelines|
|Investors should nominate an active REIT-eligible trading participant of the PSE (“Eligible TP”), otherwise known as a stock broker, which will create the LSI Applicant’s Name on Central Depository (“NoCD”) account through which its shares will be lodged. This should be done prior to the LSI Application, otherwise, the LSI Application shall not be accepted. Click here to access PSE’s website on REITs|
|How to subscribe?|
|Applications to purchase shares may be done online via PSE Easy Applications must be completed on or before 12:00 noon, March 16, 2021|
|Create a PSE EASy account online: https://easy.pse.com.ph Click here to learn how to create a PSE EASy account|
|Only applicants with a nominated stock broker or “PSE Trading Participant” will be allowed to proceed with the PSE EASy registration. Don’t have an account with a broker? Refer to the instructions below.|
|Subscribe a minimum of ₱2,250 (1,000 shares) and a maximum of ₱99,000 (44,000 shares) via PSE EASy. Click here to learn how to subscribe via PSE EASy|
|Successful applications via PSE EASy will generate a reference number and payment instructions. Payments must be settled on or before the deadline. Refer to the payment instructions below.|
|Applications will be processed on a first-come, first-served basis, while final allocation of the shares will be determined pursuant to allocation mechanics. Click here to access the LSI Guidelines|
|Check your PSE EASy account for updates on your subscription.|
|Don’t have an account with a broker?|
|Applicants may open a trading account with the default REIT-eligible trading participants / brokers below and nominate the entity as its endorsing “PSE Trading Participant” on PSE EASy prior to the submission of the PSE EASy registration.|
|Applicants are encouraged to process the opening of the trading account as soon as possible, taking into account each broker’s requirements and processing time.|
|Default Broker||Website||Account Opening Instructions|
|COL Financial Group, Inc. (“COL Financial”)||https://www.colfinancial.com||Click here|
|First Metro Securities Brokerage Corp. (“First Metro Sec”)||https://www.firstmetrosec.com.ph/fmsec||Click here|
|BA Securities, Inc. (“BA Securities”)||https://baseconline.psetradex.ph||Click here|
|AB Capital Securities, Inc. (“AB Securities”)||https://securities.abcapitalonline.com||Click here|
|Applicants opening a trading account with COL Financial must first create a PSE EASy account (https://easy.pse.com.ph) and nominate in advance COL Financial as the “PSE Trading Participant”. Once the PSE EASy account registration process has been completed (and verified), applicants can click on the Account Opening Instruction web link of COL Financial provided above for the next steps.|
|Applicants opening a trading account with First Metro Sec, BA Securities or AB Securities may process the account opening online (via their respective websites). The account opening instructions can be found in each of the web links provided above.|
|For applicants who have nominated the default brokers below, refer to the contact details for any questions related to account opening:|
|Default Broker||Contact Details|
|First Metro Sec||Click here|
+(632)8727 5374 / +(632)8722 0132
|AB Securities||Click here|
|Applicants must ensure that the account information provided to PSE EASy and the nominated broker are consistent to ensure the successful validation of the applicant’s PSE EASy account by the nominated broker (or the endorsing “PSE Trading Participant”).|
|Applicants must also ensure that the endorsing “PSE Trading Participant” is currently active and deemed eligible to trade REIT shares. The Applicant must also coordinate with their Eligible TP for the creation of the Applicant’s NoCD account prior to subscribing to the offer.|
|For Applicants with existing NoCD accounts with Eligible TPs, note that there is no need to create a new NoCD account. For the avoidance of doubt, LSI Applicants with NoCD accounts for dollar denominated securities but not for REITs must create a new NoCD account for REITs.|
|Eligible TPs are the only brokers allowed to trade REIT shares pursuant to PSE’s Amended REIT Listing Rules. Applicants may also choose to apply with and nominate as its endorsing “PSE Trading Participant” on PSE Easy: Click here to access the list of other Eligible TPs Note, however, that not all Eligible TPs may be registered in PSE Easy.|
|Successful applications via PSE EASy will generate a reference number and payment instructions. Payments must be settled on or before the prescribed deadline.|
|For applicants who have nominated the default brokers below, payments may be settled directly with the applicant’s default broker:|
|Default Broker||Payment Instructions|
|COL Financial||Click here|
|First Metro Sec||Click here|
|BA Securities||Click here|
|For applicants with other entities as the broker and paying via PNB: Click here to access the payment instructions|
|For applicants with other entities as the broker and paying via other banks: Click here to access the payment instructions|
|Failure to comply with the deadline and instructions will constitute as rejection of the application, and any payment made will be refunded, without interest. Click here to access the LSI Guidelines|
|For applicants who have nominated the default brokers below, refer to the contact details for any questions related to payment instructions:|
|Default Broker||Contact Details|
|First Metro Sec||Click here|
+(632)8727 5374 / +(632)8722 0132
|For applicants with other entities as the broker (paying via PNB or other banks), any questions related to payment instructions may be directed to the Receiving Agent: email@example.com|
|Frequently Asked Questions|
Q: What is a Real Estate Investment Trust (REIT)?A: A REIT is a stock corporation that invests primarily in income generating real estate assets. A public listed REIT must (1) maintain its status as a listed company; and (2) upon and after listing, have at least 1,000 Public Shareholders each owning at least 50 shares of any class, who in aggregate, own at least 1/3 of the outstanding capital stock of the REIT.
Q: Who can participate in the IPO?A: The shares allocated for the Local Small Investors may be purchased by any natural person of legal age residing in the Philippines regardless of nationality, subject to, among others, the Restrictions on Ownership, as described in the Final REIT Plan.
Q: What is the minimum and maximum share subscription per applicant?A: Each applicant may subscribe to a minimum of ₱2,250 (1,000 shares), and thereafter, in multiple of ₱2,250 (1,000 shares), but in no case subscribe to more than ₱99,000 (44,000 shares).
Q: Can I subscribe to the shares by submitting physical application forms?A: No, only applications duly accomplished via PSE EASy will be received and accepted.
Q: When is the deadline to complete the application?A: Applications must be completed on or before 12:00 p.m. of March 16, 2021.
Q: Will PSE EASy accept multiple applications?A: No, multiple applications (i.e. two or more applications made by the same applicant) via PSE EASy will not be accepted.
Q: Do I need a securities trading account to subscribe?A: Yes, only PSE EASy accounts with a nominated stock broker or PSE Trading Participant will be accepted. Refer to the instructions above to learn how to open a securities trading account.
Q: How do I ask my nominated stock broker to verify my PSE EASy account?A: Check the “My Trading Participant” section of your PSE EASy account for the contact information of your nominated broker.
Q: How do I know that my nominated stock broker has verified my PSE EASy account?A: Notification will be sent to your email by PSE EASy on any developments regarding the validation of your account.
Q: Will payment guarantee my subscription?A: Applications will be processed on a first-come, first-served basis, while final allocation of the shares will be determined pursuant to allocation mechanics stipulated in the LSI Guidelines.
Q: Where can I find my PSE EASy reference number?A: The PSE EASy Reference Number will only be generated upon successful application through PSE EASy and upon verification by your nominated stock broker or PSE Trading Participant. The reference number will also be sent to your email by PSE EASy. Please refer to the instructions above for more details on the PSE EASy subscription process.
Q: When is the deadline to pay my subscription?A: Payments must be settled on or before 12:00 p.m. of March 16, 2021. Failure to settle on or before the deadline will result to rejection of subscription. Expect your payment to be reflected in PSE EASy up two (2) banking days from date of payment. Note that there are separate payment instructions for applicants with the “default brokers” (see above list) as the nominated broker.
Q: Do I need to open an account with PNB to pay for my subscription?A: No, just go to any PNB Branch to pay for your subscription via over-the-counter bills payment. To check the list of operating PNB branches, visit the link: https://www.pnb.com.ph/index.php/pnb-open-branches Note that there are separate payment instructions for applicants with the “default brokers” (see above list) as the nominated broker.
Q: Can I pay my subscription via online banking/interbank fund transfer of other banks?A: Yes. For online banking/interbank fund transfer or other modes of payment, you may inquire via email to firstname.lastname@example.org with the following details: (1) Complete Name, (2) Contact Number, and (3) PSE EASy reference number. Subject of the email must be “Request for Bank Details”.
Q: When will my payment be reflected?A: Expect your payment to be reflected in PSE EASy up two (2) banking days from date of payment. You may check your PSE EASy account for updates on your subscription.
Q: When will I be notified of my allocation?A: Expect your allocation to be reflected in PSE EASy by March 17, 2021 at the latest. You may check your PSE EASy account for updates on your subscription.
Q: My share allocation is less than the amount of my actual share subscription. How will I receive my refund?A: In the event that the number of shares to be received by an applicant is less than the number covered by its application, or if an application is rejected by the Company, then the Receiving Agent shall refund, without interest, on March 23, 2021, all or a portion of the payment corresponding to the number of shares wholly or partially rejected. All refunds shall be made through the Receiving Agent (Philippine National Bank acting through its Trust Banking Group), at the applicant’s risk. Check refunds shall be available for pick-up at the office of the Receiving Agent located at 3rd Floor PNB Financial Center, Pres. Diosdado Macapagal Blvd., Pasay City starting March 23, 2021. Note that there may be separate refund instructions for applicants with COL Financial as the nominated broker.
Q: Will I receive a stock certificate for my shares?A: As required under the listing rules of the PSE, the shares should be in scripless form and lodged with the Philippine Depository and Trust Corporation (PDTC).
Q: I want to convert my shares from scripless form to certificated. Who should I contact?A: An investor may request for his/her ownership of the shares to be converted from scripless form to certificated form through his/her nominated stock broker or PSE Trading Participant only after the shares have been listed. The cost of the issuance for such stock certificates shall be for the account of the investor.
Any questions related to the Initial Public Offering may be directed to: pnbcapitalDDMPipo@pnb.com.ph
|Kim C. Aclan||0956 488 1430|
|Marge J. Reyes||0927 355 2125|
On behalf of the Joint Global Coordinators, Joint Bookrunners and Local Underwriters
PNB Capital and Investment Corporation
The offering information on this Web site is intended to be available only to Philippine and non-Philippine citizens residing in the Philippines or corporations or judicial entities organized and existing under Philippine law, and is not intended for distribution outside the Philippines. The information contained in this Web site may not be published or distributed, directly or indirectly, in the United States and this information does not constitute an offer of Offer Shares for sale in the United States. The Offer Shares described in this Web site or the documents or information available on this Web site have not been, and will not be, registered under U.S. Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, into the United States unless the Offer Shares are so registered or an exemption from the U.S. registration requirements is available. There will be no public offer of the Offer Shares mentioned herein in the United States.
A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE PHILIPPINE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BEEN DECLARED EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR OFFERS TO BUY THEM BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT IS RENDERED EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR BE CONSIDERED A SOLICITATION TO BUY.