Sec Form 13G Filing - GIC Private Ltd filing for VESTA REAL ESTATE CORP ADS (VTMX) - 2024-02-13

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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   SCHEDULE 13G   
CUSIP No. 92540K109       Page 1 of 5 Pages

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1) *

 

 

Corporación Inmobiliaria Vesta, S.A.B. de C.V.

(Name of Issuer)

Common shares, no par value

(Title of Class of Securities)

92540K109**

(CUSIP Number)

December 31, 2023

(Date of the Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed :

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

**

There is no CUSIP number assigned to the common shares. CUSIP number 92540K109 has been assigned to the American Depositary Shares (“ADSs”) of the Issuer, each ADS representing ten (10) common shares, which are quoted on the New York Stock Exchange under the symbol “VTMX”.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provision of the Act (however, see the Notes.)

 

 

 


   SCHEDULE 13G   
CUSIP No. 92540K109       Page 2 of 5 Pages

 

 1   

 NAME OF REPORTING PERSONS

 

 GIC Private Limited

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 (a) ☐  (b) ☐

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Republic of Singapore

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 36,924,476 (1)

   6   

 SHARED VOTING POWER

 

 6,024,987 (2)

   7   

 SOLE DISPOSITIVE POWER

 

 36,924,476 (1)

   8   

 SHARED DISPOSITIVE POWER

 

 6,024,987 (2)

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 42,949,463

10  

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 4.89% (3)

12  

 TYPE OF REPORTING PERSON (See Instructions)

 

 CO

 

(1)

These 36,924,476 common shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V (the “Issuer”) include 17,213,440 ordinary shares represented by 1,721,344 American Depositary Shares (“ADSs”), each ADS representing ten (10) ordinary shares.

(2)

These 6,024,987 common shares of the Issuer include 3,550,000 ordinary shares represented by 355,000 ADSs, each ADS representing ten (10) ordinary shares.

(3)

Based on 878,774,798 common shares outstanding as of December 7, 2023, according to the Form 424B1 and 6-K filed by the Issuer with the Securities and Exchange Commission on December 8, 2023.


   SCHEDULE 13G   
CUSIP No. 92540K109       Page 3 of 5 Pages

 

Item 1(a) Name of Issuer

Corporación Inmobiliaria Vesta, S.A.B. de C.V

Item 1(b) Address of Issuer’s Principal Executive Offices

Paseo de los Tamarindos No. 90,

Torre II, Piso 28, Col. Bosques de las, Lomas,

Cuajimalpa, C.P. 05210, Mexico City, United Mexican States

Item 2(a) Name of Persons Filing

GIC Private Limited (“GIC”)

Item 2(b) Address of Principal Business Office or, if none, Residence

168 Robinson Road

#37-01 Capital Tower

Singapore 068912

Item 2(c) Citizenship

GIC Private Limited – Republic of Singapore

Item 2(d) Title of Class of Securities

Common shares, no par value

Item 2(e) CUSIP Number

92540K109

Item 3 If this statement in filed pursuant to §§240.13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4 Ownership

(a - c) The aggregate number of securities and percentage of the class of securities of the Issuer beneficially owned by the Reporting Person named in Item 2(a), as well as the number of securities as to which such person is deemed to have sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, shared power to dispose or direct the disposition, is set forth in the following tables:

 

Reporting

Person

   No. of
Securities
Beneficially
Owned
     Percent of
Class (3)
     Voting Power      Dispositive Power  
                   Sole (1), (2)      Shared (1), (2)      Sole (1), (2)      Shared (1), (2)  

GIC Private Limited

     42,949,463        4.89        36,924,476        6,024,987        36,924,476        6,024,987  


   SCHEDULE 13G   
CUSIP No. 92540K109       Page 4 of 5 Pages

 

  (1)

GIC is a fund manager and only has 2 clients – the Government of Singapore (“GoS”) and the Monetary Authority of Singapore (“MAS”). Under the investment management agreement with GoS, GIC has been given the sole discretion to exercise the voting rights attached to, and the disposition of, any shares managed on behalf of GoS. As such, GIC has the sole power to vote and power to dispose of the 36,924,476 securities beneficially owned by it. GIC shares power to vote and dispose of 6,024,987 securities beneficially owned by it with MAS.

GIC is wholly-owned by the GoS and was set up with the sole purpose of managing Singapore’s foreign reserves. The GoS disclaims beneficial ownership of such shares.

 

  (2)

GIC disclaims membership in a group.

 

  (3)

Based on 878,774,798 common shares outstanding as of December 14, 2023, according to the Form 424B1 and 6-K filed by the Issuer with the Securities and Exchange Commission on December 8, 2023, and December 14, 2023 respectively.

Item 5 Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following ☒

Item 6 Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company

Not applicable.

Item 8 Identification and Classification of Members of the Group

Not applicable.

Item 9 Notice of Dissolution of Group

Not applicable.

Item 10 Certifications

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.


   SCHEDULE 13G   
CUSIP No. 92540K109       Page 5 of 5 Pages

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as dated.

 

GIC PRIVATE LIMITED
By: /s/ Diane Liang Weishan
Name: Diane Liang Weishan
Title: Senior Vice President
Date: February 13, 2024
By: /s/ Toh Tze Meng
Name: Toh Tze Meng
Title: Senior Vice President
Date: February 13, 2024