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    CHP Letter To PSE Dated 18 Jan 2021 - Use of Proceeds 16th Report S

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    CHP Letter To PSE Dated 18 Jan 2021 - Use of Proceeds 16th Report S

    Uploaded by

    Seifuku Sha
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    CHP Letter to PSE Dated 18 Jan 2021 - Use of Proceeds 16th Report S

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    CHP Letter To PSE Dated 18 Jan 2021 - Use of Proceeds 16th Report S

    Uploaded by

    Seifuku Sha

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    © All Rights Reserved
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    of 1

    18 January 2021

    THE PHILIPPINE STOCK EXCHANGE


    6th Floor PSE Tower
    5th Avenue corner 28th Street
    Bonifacio Global City, Taguig City,
    Philippines

    Attention: MS. JANET A. ENCARNACION


    Head, Disclosure Department

    Dear Ms. Encarnacion,

    We write in connection with the Stock Rights Offering (SRO) of 8,293,831,169 common shares of
    CEMEX HOLDINGS PHILIPPINES, INC. (the “CHP”) which was conducted in 2020. Based on the
    Offer Price of P1.54 per share, the total proceeds from the SRO amounted to P 12,772,500,000.26.

    We wish to report that the costs and expenses below were disbursed/charged today against the SRO
    proceeds:

    USE OF PROCEEDS/PURPOSE AMOUNT (in Pesos)

    Costs and expenses associated with the SOLID Cement plant expansion
    project1 95,641,271.76

    1Funded through advances made by CHP to Solid Cement Corporation (“SOLID”) under the Revolving Master
    Loan Facility Agreement dated 3 March 2020 entered into between CHP, as lender, and SOLID, as borrower

    Yours sincerely,

    JANNETTE VIRATA SEVILLA


    Compliance Officer

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