document.write(''); The tender offer would run from January 22 to February 19, 2021. LPZ had engaged an independent financial adviser to obtain a valuation and fairness opinion on this matter. This service use cookies. For more info, see our, Minutes of All General or Special Stockholders Meetings, Confirmation that the Tender Offer Period will close on 8 March 2021 as cleared by the SEC, and. document.write(''); The petition had been conditioned on the public float of LPZ falling below the minimum public ownership (MPO), required by the PSE, upon completion of the Tender Offer. any LPZ holders here who plan to sell their shares via the tender offer(3.85)? The amendment by FPH of its Tender Offer to a maximum of 34.5% (down from 45.56%) of LPZ common shares removes the risk of LPZ falling below the MPO. On January 21, 2021, Lopez Holdings withdrew a petition for voluntary delisting filed on December 14, 2020 with the Philippine Stock Exchange ("PSE"). Vote. FPH believes that the extension would allow the investing public time to digest the foregoing and to make a decision on whether or not to avail of the tender based on the revised parameters and information provided in the Second Amended Tender Offer Report. Address: 20th Floor South Tower, BDO Corporate Center 7899 Makati Avenue, Makati City, Philippines The report of said independent financial adviser, KPMG/R.G. The tender offer price of P3.85 represents a 41-percent, 43-percent and 36-percent premium over Lopez Holding’s 3-month, 6-month and 12-month volume weighted average price. Email: [email protected] The independent financial adviser deemed the Tender Offer Price "fair and reasonable from a financial point of view, as of the cut-off date", September 30, 2020. Close. //-->\n Email: [email protected], [email protected] Download Third Amended Tender Offer Report of First Philippine Holdings CorporationDownload the Advice from Lopez Holdings Withdrawing its Petition for Voluntary DelistingDownload the Press Release of Lopez Holdings on the Withdrawal of its Petition for Voluntary Delisting Download the Official Disclosure and Press Release of First Philippine Holdings Corp. on the Amended Tender Offer. //--> As such the Tender Offer Price of P3.85 per share is within the computed range of LPZ's equity value per share. On what stock exchange is Lopez Holdings listed and what is its stock symbol? The tender offer, a prelude to the delisting of LPZ, was intended to run from Jan. 22 to Feb. 19 this year. It is their opinion that the fair value of the listed common shares of LPZ ranges from P2.34 to P3.92 each as of cut-off date, September 30, 2020. Send your inquiries below. var path = 'hr' + 'ef' + '='; FPHC’s Tender Offer Price of P3.85 represents a 25 percent premium over LPZ’s closing share price of P3.08 on November 27, 2020 and a 41 percent, 43percent and 36 percent premium over LPZ’s 3-month, 6-month and 12-month volume weighted … The purpose of the tender offer is to consolidate the Lopez Group’s ownership in LPZ. Lopez Holdings will continue to be listed in the Philippine Stock Exchange (PSE) after withdrawing its earlier petition for a voluntary delisting.. First Holdings shares on Tuesday closed at … Download Third Amended Tender Offer Report of First Philippine Holdings Corporation, Download the Advice from Lopez Holdings Withdrawing its Petition for Voluntary Delisting, Download the Press Release of Lopez Holdings on the Withdrawal of its Petition for Voluntary Delisting, Download the Official Disclosure and Press Release of First Philippine Holdings Corp. on the Amended Tender Offer. Based on its disclosure to the PSE, FPH intends to acquire 20 to 45.56% of LPZ’s total issued and outstanding common shares from all its shareholders, excluding those owned by its ultimate parent entity, Lopez Inc., which agreed not to tender its common shares. Lopez Holdings common shares were listed at the Philippine Stock Exchange in 1993.