EXCERPT

In a statement, VREIT said it has filed a registration statement with the Securities and Exchange Commission for its planned IPO of up to 3.33 billion secondary common shares at a maximum offer price of up to P2.50 per offer share, with an overallotment option of up to 333.75 million secondary common shares.

The offer shares will be sold by Vista Land’s subsidiaries – Masterpiece Asia Properties Inc. (MAPI), Manuela Corporation, Communities Pampanga, Inc., Crown Asia Properties, Inc., and Vista Residences, Inc. (the Selling Shareholders).

The offer shares will be listed and traded on the Main Board of The Philippine Stock Exchange, Inc. (PSE) under the trading symbol VREIT.

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