OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Aug 5, 20222. SEC Identification Number 93269-A3. BIR Tax Identification No. 000-361-376-0004. Exact name of issuer as specified in its charter ROBINSONS LAND CORPORATION5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office Level 2, Galleria Corporate Center, EDSA corner Ortigas Avenue, Quezon City, Metro ManilaPostal Code11008. Issuer's telephone number, including area code (02) 8397-18889. Former name or former address, if changed since last report n/a10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding |
Common Stock | 5,095,118,285 shares |
Registered Bonds | Php14,554,780,000.00 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Robinsons Land CorporationRLC PSE Disclosure Form REIT-1 - Reinvestment PlanReferences: Rule 4 of the IRR of the REIT Act of 2009 and
Sections 4 and 8 of the Amended PSE Listing Rules for REITS
Report Date | Aug 5, 2022 |
- InitialFiling
- Amend
Amendment No.: | 1 |
Items amended by Filing |
In view of the COVID-19 pandemic, the different community quarantines along with the various government restrictions affecting movement of persons and business operations, RLC was constrained to make adjustments and change the order of priorities of projects in order to optimize its expenditures. Robinsons Land Corporation hereby submits its First Amended Sponsor Reinvestment Plan in Connection with the sale of Robinsons Cybergate Bacolod to RCR. Changes are as follows: |
Exact Name of REIT as Specified in its Charter | RL COMMERCIAL REIT, INC. (Formerly: Robinsons Realty and Management Corporation) |
Address of Principal Office | 25F Robinsons Cyberscape Alpha, Sapphire and Garnet Roads, Brgy. San Antonio, Ortigas Center, Pasig City |
SEC Identification Number | 151309 |
BIR Identification Number | 004-707-597-000 |
Name of REIT Corporation: | RL COMMERCIAL REIT, INC. |
Reinvestment Plan Period: | Aug 5, 2022 |
Name of Sponsor/Promoter | Description of Property Transferred | Certificate of Title of Property | Transfer Value of the Property to the REIT |
N.A | N.A | N.A | N.A |
I. From the Subsequent Sale of REIT shares or other securities issued in exchange for income-generating real estate transferred by the Sponsors/Promoters to the REIT
Name of Sponsor/Promoter | Estimated Amount of Proceeds |
N.A | - |
II. From the Sale of income-generating real estate to the REIT
Name of Sponsor/Promoter | Estimated Amount of Proceeds |
Robinsons Land Corporation | P778.04 Million |
Description of the Real Properties/Infrastructure Projects subject of the Reinvestment Policy
Description of the Real Properties/ Infrastructure Projects | Location | Estimated Timing of Disbursement of the Money/ Proceeds for Reinvestment | Percentage of Completion as of the Date of the Reinvestment Plan |
Type of Investment (Direct ownership, shareholding, etc.) |
Robinsons Metro East Redevelopment and The Link | Pasig City | 1Q 2022 to 1Q 2023 | 90% | RLC Owned (100%) |
Robinsons Manila Redevelopment | City of Manila | 1Q 2022 to 1Q 2023 | 35% | RLC Owned (100%) |
RP Pagadian | Pagadian City | 3Q 2022 to 1Q 2023 | 10% | RLC Owned (100%) |
North Luzon / Central Luzon | North Luzon / Central Luzon | 4Q 2022 | - | RLC Owned (100%) |
Other Relevant Information |
On March 08, 2022, RLC submitted its Reinvestment Plan covering a total of approximately PhP599.03 Million after deducting estimated costs directly attributable to the sale. In view of the COVID-19 pandemic, the different community quarantines along with the various government restrictions affecting movement of persons and business operations, RLC was constrained to make adjustments and change the order of priorities of projects in order to optimize its expenditures. |
Name | Anna Katrina De Leon |
Designation | Vice President-Group Controller |
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Robinsons Land Corporation published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 10:00:03 UTC.