SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported) Mar 22, 20222. SEC Identification Number CS2014209923. BIR Tax Identification No. 0088930964. Exact name of issuer as specified in its charter DDMP REIT, INC.5. Province, country or other jurisdiction of incorporation Republic of the Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office DD Meridian Park Bay Area Brgy 76 Zone10, San Rafael, Pasay City, Metro Manila, PhilippinesPostal Code13028. Issuer's telephone number, including area code +632885671119. Former name or former address, if changed since last report N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
17,827,465,406
11. Indicate the item numbers reported herein Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
DDMP REIT, Inc.DDMPR
PSE Disclosure Form REIT-1 - Reinvestment Plan References: Rule 4 of the IRR of the REIT Act of 2009 and
Sections 4 and 8 of the Amended PSE Listing Rules for REITS
Report Date
Mar 22, 2022
InitialFiling
Amend
Amendment No.:
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Items amended by Filing
In view of the COVID-19 pandemic and the different community quarantines and government restrictions on movement of persons and business operations, DD was constrained to re-prioritize its projects and developments in order to optimize its expenditures.
Following current regulations, DoubleDragon intends to invest its net proceeds in two (2) office towers in Metro Manila, eleven (11) hotel properties, four (4) mixed-use developments, fourteen (14) warehouse complexes and ten (10) community mall centers located in the Philippines.
DoubleDragon is to disburse a total of Php 6,096.1 Million, which represents the total proceeds from the IPO less the total disbursements made as of December 31, 2021.
From the original plan of 26 projects, the revised Plan now covers 41 real estate projects of DoubleDragon. Pertinent changes are outlined below.
6 CentralHub projects were removed subject to an initial change in priority development plans namely CentralHub-Zamboanga, CentralHub-Butuan, CentralHub-Naga, CentralHub-Bohol, CentralHub-Palawan and CentralHub-Bulacan. DD Meridian Tower will be removed since after evaluation the cash of DD Meridian Tower Corp is already sufficient to finish the project, and Mactan Beachfront Property were removed subject to a change in development priority plans.
Disbursements to the 10 projects listed below was reduced by P2,259.3 Million due to changes in development schedules as a results of adjustment in the priority developments, adjustment in the development size, and adjusted timetable.
The Php 5,455.9 Million will now be disbursed to 23 new identified projects namely:
1. Ascott-DD Meridian Park
2. DDHH-Mandurriao
3. DDHH-Zarraga
4. DDHH-Tanauan
5. Greencoast Guimaras
6. Hotel 101 Fort
7. Hotel 101 Bohol
8. Hotel 101 Davao
9. Hotel 101 Resort Boracay
10. Hotel 101 Palawan
11. Hotel 101 Mactan Cebu
12. Hotel 101 Libis
13. Hotel 101 Guimaras
14. CM Ozamiz
15. CM Bacalso
16. CM Los Baños Bay
17. CM Palo
18. CM Surigao
19. CM Gen. Trias
20. CM Antique
21. CM Ormoc
22. CM Guiwan
23. CM Northtown Davao
Exact Name of REIT as Specified in its Charter
DDMP REIT, INC.
Address of Principal Office
DD Meridian Park Bay Area Brgy 76 Zone10, San Rafael, Pasay City, Metro Manila, Philippines
SEC Identification Number
CS201420992
BIR Identification Number
008893096
Name of REIT Corporation:
DDMP REIT, INC.
Reinvestment Plan Period:
Mar 7, 2021
A. Income-Generating Properties Transferred by the Sponsors/Promoters to the REIT
Name of Sponsor/Promoter
Description of Property Transferred
Certificate of Title of Property
Transfer Value of the Property to the REIT
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-
-
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B. Estimated Amount of Proceeds/Money to be Realized by the Sponsors/Promoters
I. From the Subsequent Sale of REIT shares or other securities issued in exchange for income-generating real estate transferred by the Sponsors/Promoters to the REIT
Name of Sponsor/Promoter
Estimated Amount of Proceeds
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II. From the Sale of income-generating real estate to the REIT
Name of Sponsor/Promoter
Estimated Amount of Proceeds
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C. The Reinvestment Projects
Description of the Real Properties/Infrastructure Projects subject of the Reinvestment Policy
Description of the Real Properties/ Infrastructure Projects
Location
Estimated Timing of Disbursement of the Money/ Proceeds for Reinvestment
Percentage of Completion as of the Date of the Reinvestment Plan
Type of Investment
(Direct ownership, shareholding, etc.)
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Other Relevant Information
Please see the attached Amended Reinvestment Plan for more details.
Filed on behalf by:
Name
Jose Roelph Desales
Designation
Department Head
Attachments
Original Link
Original Document
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Disclaimer
DDMP REIT Inc. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 01:23:07 UTC.
DDMP REIT, Inc. is a Philippines-based real estate company. The Company is a commercial real estate investment trust formed primarily to own and invest in an income-producing commercial portfolio of office, retail, industrial and hotel properties in the Philippines. It is engaged in the business of real estate development including but not limited to residential and condominium projects, to acquire by purchase or lease land and interest in land, to own, hold, impose, promote, develop, subdivide and manage any land owned, held or occupied by the Company, to construct, manage or administer buildings such as condominiums, apartments, hotels, restaurants, stores or other structures and to mortgage, sell, lease or otherwise dispose of land, interests in land and buildings or other structures at any time. Its property portfolio consists of three operational office buildings with retail components in DD Meridian Park. DD Meridian Park is being developed as an office-led mixed-use development.