The Bidders are making the Tender Offer to own at least 95% of all MPIC common shares, including their current shareholdings. The Bidders intend to delist MPIC from the PSE, subject to the approval of the PSE, once they have enough shares to meet the delisting requirement.
If the Bidders are unable to reach their target or fulfill the PSE’s requirements, they have the option to withdraw the Tender Offer by notifying the Securities and Exchange Commission (“SEC”) and the PSE before the Settlement Date.