Melco Withdraws Petition for Delisting

Melco Resorts and Entertainment (Philippines) Corp. (PSE: MRP) filed a letter with the Philippine Stock Exchange on October 19, 2018 formally withdrawing its Petition and Amended Petition for Voluntary Delisting dated September 14 and 18, 2018, respectively.

Melco further informed the PSE that its controlling shareholder, MCO (Philippines) Investments Ltd, shall continue to proceed with the voluntary tender offer for up to 1,569,786,768 publicly owned and other MRP common shares and such Tender Offer shall be conducted for the purpose of increasing MCO’s shareholding interest in MRP, instead of for the purpose of voluntary delisting of MRP.

The Tender Offer was originally scheduled to commence on October 22, 2018, as disclosed in the Amended Tender Offer Report filed with the Securities and Exchange Commission on October 10, 2018. Due to the change in the purpose of the Tender Offer, MCO shall defer the Tender Offer until such time as will be stated in the Amended Tender Offer Report to be filed by MCO to reflect, among other things, the amended purpose of the Tender Offer and the updated Tender Offer schedule.

 

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