Citicore REIT Bares Dividend, Land Acquisitions

Citicore REIT today disclosed the declaration of cash dividends of Php0.035 per outstanding common share for the year 2021 and other land acquisitions for its thrust to put up renewable energy projects.

Photo Insert: (From left to right) President and CEO Oscar Y. Tan, Chairman Edgar B. Saavedra, and Director Manuel Louie B. Ferrer

The cash dividends will be payable on 29 March 2022 to stockholders on record as of 23 March 2022.

Also, the company disclosed to the Philippine Stock Exchange the acquisition of several parcels of land located in the Municipality of San Ildefonso, Province of Bulacan, with an aggregate land area of 253,880 square meters from Citicore Solar Bulacan, Inc. for the purchase price of PhP1,754,116,628.91, as endorsed by the Related Party Transaction Review and Compliance Committee (“RPTRCC”).

Another acquisition in the Municipality of Surallah, Province of South Cotabato, with an aggregate land area of 79,997 square meters, from Citicore Solar South Cotabato, Inc. was also announced for the purchase price of PhP753,801,981.14, as endorsed by the RPTRCC.

Meanwhile, the company announced the postponement of the annual stockholders’ meeting from 4 April 2022, as required in the Corporation’s By-Laws, to 8 June 2022 at 10:00 a.m.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic