Voluntary Tender Offer of CEMEX Asian South East Corporation to Shareholders of CEMEX Holdings Philippines, Inc.
Following the close of the Tender Offer Period, a total of 1,825,648,470 common shares, representing approximately 13.53% of CHP’s issued and outstanding common shares, were tendered pursuant to the Tender Offer. However, pursuant to the Terms of the Tender Offer, only 1,614,000,000 common shares of CHP were accepted and thereafter purchased by CEMEX ASIAN SOUTH EAST CORPORATION (the “Bidder”) via block sale through the facilities of the PSE on March 29, 2023. The acquired 1,614,000,000 CHP shares were allocated proportionately across all the selling shareholders based on the total number of tendered shares. The issued and outstanding common shares were purchased at the Tender Offer Price of P1.30 with a total transaction price of P2,098,200,000. The acquired shares have been fully paid and settled on March 30, 2023.
Following the completion of the Tender Offer, the Bidder will own and control 12,121,954,662 common shares of CHP, which is approximately 89.86% of the issued and outstanding common shares of CHP.
BASIC TERMS OF THE TENDER OFFER
| The Target Company | CEMEX Holdings Philippines, Inc. ("CHP") | ||||||||||
| The Bidder | CEMEX Asian South East Corporation ("CASEC" or the "Bidder") | ||||||||||
| Tender Offer Shares | Up to One Billion Six Hundred Fourteen Million (1,614,000,000) common shares of CHP. In the event that the tender offer is oversubscribed, the aggregate amount of securities to be acquired at the close of such tender offer shall be proportionately distributed across all the selling shareholders. All tendered shares must be in scripless form. | ||||||||||
| Tender Offer Price | P1.30 per Tender Offer Share | ||||||||||
| Entitlement and Eligibility | Every holder of the Tender Offer Shares during the Tender Offer Period is entitled to sell its/his/her Tender Offer Shares to the Bidder in accordance with these Terms of the Tender Offer. | ||||||||||
| Tender Offer Timetable |
The following is the schedule of the Tender Offer: Commencement of the Tender Offer Period
February 16, 2023
End of the Tender Offer Period
March 16, 2023
Report of Results of the Tender Offer and Acceptance of Shares Tendered
March 30, 2023
Cross Date
March 29, 2023
Settlement Date
March 30, 2023
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| Tender Offer Agent |
BDO Securities Corporation (the “Tender Offer Agent”) Contact Person
Janet Amora
Telephone
+632 8840 7000 local 41115
Address
33rd Floor, BDO Towers Valero 8741 Paseo de Roxas Makati City, Philippines
For inquiries on the Tender Offer, please contact any of the following personnel of the Tender Offer Agent:
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