Arthaland Corporation Infusing P710 Million Into Unit Zileya Land

Arthaland Corporation will subscribe to 7,100,000 preferred shares of Zileya Land Development Corporation (Zileya) to be issued from the proposed increase of its authorized capital stock by 20,000,000 redeemable (at the option of Zileya), cumulative, and voting preferred shares at a subscription price of P100.00 per share and at a par value of P1.00 per share once approved by the Securities and Exchange Commission (SEC).

The terms and conditions of the transaction:

Number of shares to be acquired or disposed: 7,100,000
Percentage to the total outstanding shares of the company subject of the transaction: 0.32%
Price per share: P100 (Php710,000,000.00 to be paid in cash)

Zileya is a wholly-owned subsidiary of the Arthaland which is in the process of completing the acquisition of a property which will be the site of a new sustainable development. Its authorized capital stock is P200,000,000.00 divided into P150,000,000.00 of common shares consisting of 1,500,000 common shares with a par value of P100.00 per share, and P50,000,000.00 of preferred shares consisting of 500,000 preferred shares with a par value of P100.00 per share.​