EDC Tender Offer Period Ends Today

The Tender Offer period by Energy Development Corp. (EDC) in connection with its tender offer of up to 2,040,006,713 common shares held collectively by shareholders of the company other than Red Vulcan Holdings Corp., First Gen Corp. (PSE: FGEN), Northern Terracotta Holdings Corp., and Philippines Renewable Energy Holdings Corp., officially ends at 12:00 P.M. today, 22 October 2018.

The tender offer is pursuant to the voluntary delisting of the shares of the company with the PSE, at the tender offer price of PhP7.25 per common share, in compliance with the Securities Regulation Code and the Delisting Rules of the PSE.

The crossing date and settlement date for the shares tendered shall be on 5 November 2018. Brokers and custodians may pick-up checks beginning at 12:00 P.M. on settlement date at the office of the company’s Tender Offer Agent, BDO Securities Corp., located at the 20/F South Tower, BDO Corporate Center, 7899 Makati Ave., Makati City 0726, Philippines.

The Final Tender Offer Report shall be submitted to the SEC and the PSE, and made available to the general public on or before 6 November 2018.

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