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  • ROX: Results of Executive Committee Meeting

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    The Executive Committee of Roxas Holdings, Inc. set the indicative offer price for its 265,968,916 common share stock rights offering in its regular meeting on April 4, 2016. The indicative offer price will be 10% below the 90-day volume-weighted average price of RHI's common shares as of the record date. The proceeds will be used to fund capital expenditures for the group and partially pay short-term loan obligations of Roxas Pacific Bioenergy Corporation, a wholly-owned subsidiary of RHI. The SEC also issued RHI a Certification of Exempt Transaction for the offering.

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    ROX: Results of executive committee meeting

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    ROX: Results of executive committee meeting

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    The Executive Committee of Roxas Holdings, Inc. set the indicative offer price for its 265,968,916 common share stock rights offering in its regular meeting on April 4, 2016. The indicative offer price will be 10% below the 90-day volume-weighted average price of RHI's common shares as of the record date. The proceeds will be used to fund capital expenditures for the group and partially pay short-term loan obligations of Roxas Pacific Bioenergy Corporation, a wholly-owned subsidiary of RHI. The SEC also issued RHI a Certification of Exempt Transaction for the offering.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    25 views1 page

    ROX: Results of Executive Committee Meeting

    Uploaded by

    BusinessWorld
    The Executive Committee of Roxas Holdings, Inc. set the indicative offer price for its 265,968,916 common share stock rights offering in its regular meeting on April 4, 2016. The indicative offer price will be 10% below the 90-day volume-weighted average price of RHI's common shares as of the record date. The proceeds will be used to fund capital expenditures for the group and partially pay short-term loan obligations of Roxas Pacific Bioenergy Corporation, a wholly-owned subsidiary of RHI. The SEC also issued RHI a Certification of Exempt Transaction for the offering.

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    of 1

    4 April 2016

    Philippine Stock Exchange


    Disclosure Department
    Tower One & Exchange Plaza
    Ayala Triangle, Ayala Avenue
    Makati City, Metro Manila
    Attention:

    MS. JANET A. ENCARNCACION


    Head-Disclosure Department

    Subject:

    Roxas Holdings, Inc.

    Gentlemen:
    Please be informed that the Executive Committee (ExCom) of Roxas Holdings, Inc.
    (Company), in its regular meeting held today, 4 April 2016, set the indicative offer price of its
    stock rights offering (Offer) of 265,968,916 common shares to all shareholders.
    The indicative offer price will be based on a ten percent (10%) discount to the ninety (90)day volume-weighted average price of RHIs common shares listed on the PSE as of record date.
    The proceeds from the Offer will be used by RHI (i) to fund the capital expenditures of the
    group; and (ii) to partially pay the short-term loan obligation of Roxas Pacific Bioenergy
    Corporation, a wholly-owned subsidiary of RHI.
    Please also be informed that the Securities and Exchange Commission has issued to
    RHI the Certification of Exempt Transaction in relation to the Offer.
    Very truly yours,

    FLORENCIO M. MAMAUAG, JR.


    VP Legal & Corporate Affairs
    Asst. Corporate Secretary/
    Compliance Officer & CIO

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