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| Offer | Up to 1,610,000,000 secondary common shares, comprised of: a. Firm Shares – 1,400,000,000 secondary common shares b. Option Shares – Up to 210,000,000 secondary common shares |
| Offer Price | ₱1.50 per share |
| Minimum Subscription | ₱1,500.00 (1,000 shares) |
| Maximum LSI Subscription | ₱99,000.00 (66,000 shares) |
| Offer Period | November 28, 2022 (9:00 a.m.) to December 5, 2022 (12:00 noon) |
| Listing Date | December 15, 2022 |
| The above table only provides select terms of the offer for Premiere Island Power REIT Corporation’s (PREIT) Real Estate Investment Trust (REIT) initial public offering. Investors are strongly advised to carefully read the contents of the Final REIT Plan dated November 23, 2022, together with the more detailed information, financial statements and annexes appearing therein. Final REIT Plan file below. |
| Investors are advised to read the implementing guidelines for the application and settlement procedures for Local Small Investors under the Local Small Investors Program (LSI Guidelines) of the Securities and Exchange Commission (SEC) and The Philippine Stock Exchange, Inc. (PSE) through the PSE Electronic Allocation System (PSE EASy). To access the LSI Guidelines, download the Annex A - Implementing Guidelines for LSIs file below. |
| IMPORTANT: LSI Applicants are required to nominate their REIT Eligible PSE Trading Participant (Eligible TP) through whom they may request for the creation of their NoCD sub-account where their shares will be lodged, subject to the Eligible TP’s confirmation. Otherwise, the Application shall not be accepted and shall be rejected. In the event that the lodgment of the Offer Shares to its NoCD sub-account cannot be completed, the Application will be rejected. The LSI Applicant should check with its nominated Eligible TP if its NoCD sub-account has been successfully created. |
| Applications to purchase shares may be done online via PSE Easy. Applications must be completed and submitted on or before 12:00 noon of December 5, 2022. |
| Create a PSE EASy account online: https://myeasy.pse.com.ph/ To learn how to create a PSE Easy Account, download the Annex B - Create PSE EASy Account file below. |
| Only applicants with a nominated Eligible PSE Trading Participant will be allowed to proceed with the PSE EASy account registration. Don’t have an account with an Eligible PSE Trading Participant? Refer to the instructions below. |
| Subscribe a minimum of ₱1,500.00 (1,000 shares) and a maximum of ₱99,000.00 (66,000 shares) via PSE EASy. To learn how to subscribe via PSE EASy, download the Annex C – Subscribe via PSE EASy file below. |
| Successful applications via PSE EASy will generate a reference number and payment instructions. Payments must be settled on or before the deadline. Refer to the payment instructions below. |
| Final allocation of the shares will be determined pursuant to allocation mechanics. To access the LSI Guidelines, download the Annex A – Implementing Guidelines for LSIs file below. |
| Check your PSE EASy account for updates on your subscription. |
| NO_ACCOUNT | ||
| Default Broker | Website | Account Opening Instructions |
| China Bank Securities Corporation (CBSEC) | https://www.chinabankseconline.ph/ | Click Open an Account on the website to commence the account opening process. |
| Applicants are encouraged to process the opening of the trading account and NoCD sub-account as soon as possible, taking into account each broker’s requirements and processing time. | ||
| The account opening process/procedures of CBSec can be found in each of the web links provided above. | ||
| For applicants who have nominated the default broker below, refer to the contact details for any questions related to account opening: | ||
| Default Broker | Contact Details | |
| CBSEC | +63 (2) 8333 – 7388 +63 (2) 8333 – 7389 +63 (2) 8230 6660 to 64 |
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| Applicants must ensure that the account information provided to PSE EASy and the nominated broker are consistent to ensure the successful validation of the applicant’s PSE EASy account by the nominated broker (or the endorsing Eligible PSE Trading Participant). | ||
| Successful applications via PSE EASy will generate a reference number and payment instructions. | |
| For applicants who have nominated the default brokers below, payments may be settled directly with the applicant’s default broker following such broker’s procedures and deadlines: | |
| Default Broker | Payment Instructions |
| Abacus Securities Corporation (MyTrade) | Click here to visit. |
| COL Financial Group, Inc. (COL Financial) | Click here to visit. |
| First Metro Securities Brokerage Corp. (First Metro Sec) | Click here to visit. |
| For applicants with other entities as the broker, payment will be via BDO Bills Payments: To access the payment instructions, download the Annex D – Payment via BDO file below. |
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| Payments must be settled on or before the prescribed deadlines: a. via default brokers above: refer to specific payment instructions per broker. b. Over-the-counter via BDO Bills Payment – Check Payments: December 5, 2022 at 12:00 noon. c. Over-the-counter via BDO Bills Payment – Cash: December 5, 2022 at 1:00 p.m. d. Online Bills Payment through BDO Online Banking / BDO Mobile Banking: December 5, 2022 at 1:00 p.m. Transaction Type: Bills Payment Merchant/Company Name: PREMIERE REIT IPO |
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| Failure to comply with the deadline and instructions will constitute as rejection of the application, and any payment made will be refunded, without interest. To access the LSI Guidelines, download the Annex A – Implementing Guidelines for LSIs file below. |
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| For applicants who have nominated the default brokers below, refer to the contact details for any questions related to payment instructions: | |
| Default Broker | Contact Details |
| Abacus Securities Corporation (MyTrade) | Email: [email protected] Landline: +63 (2) 8667 8900 |
| COL Financial Group, Inc. (COL Financial) | Email: [email protected] Facebook Messenger: [] |
| First Metro Securities Brokerage Corp. (First Metro Sec) | Email: [email protected] Landline: +63 (2) 8859 0600 |
| For applicants with other entities as the broker (paying via BDO), any questions related to payment instructions may be directed to the Receiving Agent: · [email protected] · [email protected] · [email protected] · [email protected] |
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The shares allocated for the Local Small Investors may be purchased by any natural person of legal age regardless of nationality, subject to, among others, the Restrictions on Ownership, as described in the Final REIT Plan.
Each applicant may subscribe to a minimum of ₱1,500.00 (1,000 shares), and thereafter, in multiples of ₱1,500.00 (1,000 shares), but in no case subscribe to more than ₱99,000.00 (66,000 shares).
No, only applications duly accomplished via PSE EASy will be received and accepted.
Applications must be completed on or before 12:00 noon of December 5, 2022.
No, multiple applications (i.e. two or more applications made by the same applicant) via PSE EASy will not be accepted.)
Yes, only PSE EASy accounts with a nominated stock broker or PSE Trading Participant and an NoCD sub-account will be accepted. Refer to the instructions above to learn how to open a securities trading account. For REITs, LSI Applicants must ensure that their chosen “PSE Trading Participant” is currently active and deemed eligible to trade REIT shares. The Applicant must also coordinate with their Eligible TP for the creation of the Applicant’s NoCD sub-account prior to subscribing to the Offer. For LSI Applicants with existing NoCD sub-accounts with Eligible TPs, there is no need to create a new NoCD sub-account with the same Eligible TP. For the avoidance of doubt, LSI Applicants with NoCD sub-accounts for dollar denominated securities but not for REITs must create a new NoCD sub-account for REITs.
Check the “My Trading Participant” section of your PSE EASy account for the contact information of your nominated broker.
A notification will be sent to your nominated email address by PSE EASy on any developments regarding the validation of your account.
Applications will be processed on a first-come, first-served basis, while final allocation of the shares will be determined pursuant to allocation mechanics stipulated in the LSI Guidelines. An NoCD sub-account is also required.
For applicants who have nominated MyTrade, COL Financial, and FMSec as default brokers, refer to the payment instructions above. MyTrade, COL Financial, and FMSec have specific payment instructions and payments must be settled on the relevant deadlines specified by these brokers. For applicants with other entities as the default brokers, download the Annex D – Payment via BDO file below for the payment instructions. Failure to settle on or before the deadline will result to rejection of subscription.
For applicants who have nominated MyTrade, COL Financial, and FMSec as default brokers, refer to the payment instructions above. MyTrade, COL Financial, and FMSec have specific payment instructions and payments must be settled on the relevant deadlines specified by these brokers. For applicants with other entities as the default brokers, download the Annex D – Payment via BDO file below for the payment instructions. Failure to settle on or before the deadline will result to rejection of subscription.
For over-the-counter cash and check via BDO bills payment, applicants do not need to have a BDO account to pay for their subscription. They can just go to any operating BDO branch and pay for their subscription. To check the list of operating BDO branches, visit the link: https://www.bdo.com.ph/branches-atms-locator-0.
Note that there are separate payment instructions for applicants with the “default brokers” (see above list) as the nominated broker.
No, interbank transfer is not allowed. Only the payment options above will be available for this offer.
Expect your payment to be reflected in PSE EASy the next day from date of payment. You may check your PSE EASy account for updates on your subscription.
Expect your allocation to be reflected in PSE EASy on or about December 6, 2022. You may check your PSE EASy account for updates on your subscription.
In the event that:
For applicants with the nominated brokers consenting to process the refunds, all refunds may be made through the nominated broker, at the applicant’s risk. Please refer to the LSI Guidelines for further information on the refunds process.
As required under the listing rules of the PSE, the shares should be in scripless form and lodged with the Philippine Depository & Trust Corp. (PDTC).
An investor may request for his/her ownership of the shares to be uplifted from scripless form to certificated form through his/her nominated stock broker or PSE Trading Participant only after the shares have been listed. The cost of the upliftment for such stock certificates shall be for the account of the investor.
Any questions related to the Initial Public Offering may be directed to the Sole Issue Manager, Underwriter and Bookrunner
China Bank Capital Corporation
