PHIS EDIS Item 8.01 Other Events.
On
Based on the preliminary count by the paying agent and depositary for the Tender
Offer, approximately 13.5 million shares were tendered pursuant to the Tender
Offer, and accordingly, PECO expects to purchase 100% of the tendered shares for
an aggregate cost of approximately
The number of shares accepted for purchase represent approximately 4.1% of PECO's fully diluted share count. Following the settlement of the Tender Offer, PECO will have approximately 319.7 million shares of Common Stock and OP Units outstanding.
The number of shares of Common Stock to be purchased are preliminary and subject
to change. The preliminary information contained in this Current Report on Form
8-K is subject to confirmation by the paying agent and depositary. The final
number of shares of Common Stock to be purchased will be announced following
completion of the confirmation process. Payments for the shares accepted for
purchase under the Tender Offer are expected to be initiated on
The press release announcing the preliminary results of the Tender Offer is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description of Exhibit
99.1 Press Release dated December 31, 2020
Cover Page Interactive Date File (embedded within the Inline XBRL
104 document)
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