LOPEZ HOLDINGS BARES TENDER OFFER

Lopez Holdings Corporation (LPZ) has disclosed that it has received a copy of the fourth Amended Tender Offer Report of First Philippine Holdings Corporation (“FPH” or the "Bidder"), in relation to the tender offer to acquire common shares of LPZ.

FPH filed said fourth Amended Tender Offer Report with the Securities and Exchange Commission (“SEC”).

The fourth Amended Tender Offer Report reflects and includes, among others:

1. The Bidder's waiver of the Tender Offer Prerequisite that a minimum of 908,459,782 issued and outstanding common shares representing approximately 20% of the total issued and outstanding common shares of LPZ be tendered and its acceptance of 712,201,016 common shares representing 15.68% of the total issued and outstanding common shares of LPZ that were tendered in accordance with the terms and conditions of the Tender Offer.

2. The report that following the close of the Tender Offer Period, a total of 712,206,016 common shares of LPZ representing 15.68% of the total issued and outstanding common shares of LPZ were tendered pursuant to the Tender Offer, accepted and thereafter purchased by the Bidder through a block sale through the facilities of the PSE on 18 March 2021. The shares were purchased at the Tender Offer Price with a total transaction value of P2,741,993,161.60.

3. Included in the report is a certification by the Tender Offer Agent on the Tendered Shares, and;

4. Other conforming and formatting changes were made.

WEEKLY FEATURE : BONNER DYTOC SHOWS THE WAY IN STOCK PLAY