DEADLINE TODAY – Premium Leisure Corp. (PLC) Tender Offer via BPI Securities:
IMPORTANT: Every registered owner of the PLC Tender Offer Shares as of any date during the Tender Offer Period is entitled to tender for sale his/her/its PLC shares to the Bidder.
For shareholders who have yet to tender their shares, we would like to kindly remind you that upon successful completion of this tender offer, your PLC shares will remain under your ownership, but the shares shall no longer be available for trading in the PSE.
Dear Valued Shareholder,
Please be advised that Belle Corporation (Bidder) intends to acquire up to at least 6,312,026,669 common shares of Premium Leisure Corp (PLC) held by shareholders of the Company.
The Tender Offer is being conducted to comply with the PSE Delisting Rules in view of the Bidder’s intention to delist PLC shares from the Main Board of the PSE.
Details of the offer are as follows:
Offer Period: | March 22, 2024 – April 24, 2024 |
Tender Offer Price: | Php 0.85 |
Cross Date: | May 07, 2024 |
Settlement Date: | May 09, 2024 |
Deadline To Tender: | April 19, 2024, 3:00pm |
Using your BPI Trade registered email address, please email bpitradecorpact@bpi.com.ph with the number of shares you wish to tender on or before 3:00PM today, April 19, 2024.
Also, please take note of the following terms and conditions:
1. Shareholders are entitled to tender their shares during the Tender Offer Period to the Bidder. Outstanding shares which are settled on April 19, 2024 and free from any claims or liens shall be accepted for the tender offer.
2. The PLC minority shareholder shall receive the payment net of broker’s commission, stock transaction tax and other sell side customary fees due on the transaction, all of which shall be for the account of the tendering shareholder. Payment for your tendered shares net of fees shall be credited to your BPI Trade Settlement Account (SETA) upon receipt of cleared funds from the Tender Offer Agent.
3. Deadline for acceptance of the tendered shares may be changed to an earlier or later date if the Bidder amends the schedule of the Offer Period.
4. BPI Securities Corporation (BSC) does not guarantee that the tender offer will be accepted by the Bidder.
5. The application to tender shall constitute your firm commitment to BSC with respect to the shares tendered.
Kindly note that if you do not reply to this email, PLC shares will remain in your portfolio until the stock’s delisting date. After which, you will be required to submit the necessary requirements to uplift your PLC shares.
For more information, the PLC Tender Offer Report dated March 22, 2024 is available for downloading through the PSE Edge Website. Should you have any questions, please feel free to e-mail bpitradecorpact@bpi.com.ph. You can also call the BPI Trade hotline at 8580-4000.