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Frequently Asked Questions (FAQ’s)

Key Terms of the Retail Offer (for LSI)

The Offer

Firm Shares: 2,181,819,000 Firm Shares, comprising:

Primary Shares: 1,047,272,000 common shares

Secondary Shares: 1,134,547,000 common shares

Indicative Offer Price

₱2.55 per Offer Share

Minimum Subscription

1,000 Firm Shares and multiples of 1,000 Firm Shares thereafter

Maximum LSI Subscription

392,000 Firm Shares

Offer Period

February 2 - February 8, 2022

Listing Date

February 17, 2022

 

The above table only provides select terms of the offer for Citicore Energy REIT Corp.’s (the “Company”) Real Estate Investment Trust ("REIT") initial public offering. Investors are strongly advised to carefully read the contents of the Company’s Final REIT Plan dated January 27, 2022, 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 (“LSIs”) 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”): To access the LSI Guidelines, download the Implementing Guidelines for LSIs file below:

 

Implementing Guidelines for LSIs

Key Terms and Dates of the Trading Participants Offer

The Offer

Firm Shares: 2,181,819,000 Firm Shares, comprising:

Primary Shares: 1,047,272,000 common shares

Secondary Shares: 1,134,547,000 common shares

Indicative Offer Price

₱2.55 per Offer Share

Allocation per Eligible Trading Participant

3,547,000 Firm Shares

Offer Period

February 2 - February 8, 2022

Submission of Firm Offer and Commitments by Eligible PSE Trading Participants

February 4, 2022 (11:00 a.m.)

Receipt of Notice of Final Allocation

February 7, 2022

Deadline of Submission of Application Documents (including Proof of Payment) to the Receiving Agent

February 8, 2022 (12:00 noon)

Deadline for Submission of NoCD Sub-account Creation Request to PDTC

February 11, 2022 (12:00 noon)

Listing Date

February 17, 2022

 

The above table only provides key terms and dates for Citicore Energy REIT Corp.’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 January 27, 2022 , together with the more detailed information, financial statements and annexes appearing therein: Click here to access the Final REIT Plan.

Eligible Trading Participants ("Eligible TPs") are advised to read the Implementing Guidelines for the Reservation and Allocation of Citicore Energy REIT Corp.'s Offer Shares to the Eligible Trading Participants of The Philippine Stock Exchange, Inc. through the Lead Local Underwriter ("Eligible TP Guidelines"). To access the Eligible TP Guidelines, download the Implementing Guidelines for TPs file below:

 

Implementing Guidelines for TPsATPSignature card 

1. What is a Real Estate Investment Trust (REIT)?

A REIT is a stock corporation that invests primarily in income-generating real estate assets. A publicly 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.

2. Who is considered a Local Small Investor (“LSI”)

An LSI is defined as a subscriber to the Offer who is willing to subscribe or purchase a minimum board lot or whose subscription or purchase does not exceed ₱1,000,000.00 or such other amount as may be approved by the PSE and the Philippine SEC.

3. Who are the Eligible Investors of the IPO?

The Firm Shares allocated for the LSI tranche may be purchased by any natural person of legal age regardless of nationality, subject to the restrictions on ownership, as described in the Final REIT Plan, and the Company's right to reject, in whole or in part, an application to subscribe to the Firm Shares, or reduce the number of Firm Shares applied for subscription.

4. Will submissions of physical application forms be allowed for LSIs?

No. LSI Applications shall only be processed through PSE EASy.

5. When is the deadline for applications?

Applications through PSE EASy must be completed no later than 12:00 noon on February 8, 2022.

6. Are multiple applications allowed in PSE EASy?

No. Multiple applications (i.e. two or more applications by the same applicant) will not be allowed.

7. Is a trading account with an Eligible Trading Participant (“Eligible TP”) required?

Yes, a trading account with an Eligible TP is required to create a PSE EASy account. In the event that an LSI applicant does not have a trading account with an Eligible TP, the LSI applicant may open a trading account with the following Eligible TPs, Abacus Securities Corporation, Col Financial Group, Inc., First Metro Securities Brokerage Corp., and the Joint Global Coordinators affiliate broker Unicapital Securities, Inc., and nominate its chosen entity as its endorsing Eligible TP by accomplishing an account opening form and submitting the same, together with any required attachments, to the relevant broker prior to submission of the application. LSI applicants must ensure that their chosen Trading Participant is deemed eligible to trade REIT shares. The applicant must also coordinate with their Eligible TP for the creation of the applicant’s Name-on-Central-Depository (“NoCD”) account prior to subscribing to the offer.

 

Please refer to the LSI Guidelines for more details and instructions for coordination with an Eligible TP.

8. How will I know that my nominated Eligible Trading Participant has verified my PSE EASy account?

Upon verification by the chosen Eligible TP, a notification regarding the validation of your account will be sent by PSE EASy to your nominated email address.

9. Where can I find my PSE EASy reference number?

A PSE EASy Reference Number will only be generated upon successful application through the system, and will be sent to your nominated email. Please refer to the instructions above for more details on the PSE EASy subscription process.

10. When is the deadline for payment of my subscription?

Applications must be submitted on or before 12:00 noon of February 8, 2022. Payments for check must be fully settled and cleared by 12:00 noon on the same date while the payments for cash must be fully settled and cleared by 1:00 p.m. on the same date. Failure to fully settle the payment for the LSI’s subscription will cause a temporary deactivation of the PSE EASy account of the LSI. An LSI who fails to fully settle the payment for the subscription will not be allowed to subscribe to the shares offering during the next initial public offering in the PSE

11. Do I need a bank account with BDO to pay for my subscription?

A BDO account is not necessary to pay for the subscription. You may just go to any operational BDO branch to pay for your subscription via over-the-counter deposit payment or real-time gross settlement (”RTGS”) or online payment via BDO Online. Please refer to the instructions above for more details on the subscription process.

12. Will I need to include my PSE EASy reference number when paying for my subscription?

Yes. The PSE EASy reference number must be included in the deposit payment slip if via over-the-counter payment in a BDO Branch or real-time gross settlement (”RTGS”) or online payment via BDO Online. Failure to include your PSE EASy Reference number or any discrepancies in the PSE Reference number will result in the rejection of the application.

13. How will I get my refund if my order was not fully allocated?

In the event that the number of Offer Shares to be received by an Applicant, as confirmed by the Joint Global Coordinators, is less than the number covered by its Application, or if an Application is rejected by the Company, then the Receiving Agent shall notify the Applicant in writing by February 11, 2022. The Receiving Agent shall start releasing the check refunds available, without interest and within five (5) banking days from the end of Offer Period or until February 15, 2022, all or a portion of the payment corresponding to the number of Offer Shares wholly or partially rejected. All check refunds shall be made through the Receiving Agent, at the Applicant’s risk, which checks shall be available for pick-up at the office of the Receiving Agent at 10th Floor Telecom Plaza Building, 316 Sen. Gil Puyat Avenue, Makati City.

14. Will I receive a stock certificate for my shares?

As required under the listing rules of the PSE (the “PSE Rules”), the shares subject of the Offer should be in scripless form and lodged with the Philippine Depository and Trust Corporation (“PDTC”) under their NoCD facility. As such, applicants are required to nominate an Eligible TP (subject to the latter’s confirmation) through whom the LSI Applicant may request for the creation of their NoCD account where the subscribed shares will be lodged. An LSI applicant may maintain the Offer Shares in scripless form or opt, at their own cost and expense, to have the stock certificates issued to them by requesting an upliftment of the relevant Offer Shares from the PDTC’s electronic system after the Offer Shares are listed on the PSE. Further, kindly coordinate with your chosen Trading Participant on the creation of your NOCD Account.

Citicore Energy REIT Corp. (C-REIT)is the country’s first energy REIT, focused on delivering excellent value and attractive returns to shareholders by responsibly harnessing nature’s resources and empowering communities. C-REIT operates as a REIT upon compliance with the Philippine REIT Law.

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