CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
May 16, 2018
2. SEC Identification Number
5213
3. BIR Tax Identification No.
000-917-916
4. Exact name of issuer as specified in its charter
GMA Network, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
GMA Network Center, EDSA corner Timog Avenue, Diliman, Quezon CityPostal Code1103
8. Issuer's telephone number, including area code
(632) - 9827777
9. Former name or former address, if changed since last report
-
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Preferred Shares
7,499,507,184
Common Shares
3,361,047,000
11. Indicate the item numbers reported herein
-
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
GMA Network, Inc.GMA7
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Additional disclosures - Q & A during the ASM/interview after the ASM
Background/Description of the Disclosure
Interview with the Company's Chairman and CEO
Other Relevant Information
Highlights of the Q & A during the ASM and interview after the ASM with Atty. Felipe L. Gozon
Prospects for 2018 - Confident that Revenues/Income and even Dividends will be bigger in 2018 vs 2017 despite the 1Q results. There was a recovery in Ch 7 Sales in April by over 170M though currently 20% behind in May.
Digital TV - GMA's digital signal is now available in Mega Manila up to parts of Tarlac. Will reach Mindanao by end June this year. When our digitization project is completed, we will cover 83% of the Philippines with our digital signal. - GMA's digital device will be smaller and cheaper than ABS' box and is set to launch very soon - Waiting for the official partnership (with a Telco) because the soon to be partner will immediately distribute the device. The target initial release as agreed will be one million.. - Cannot specify yet which model (monetization) will be used for Digital as it is still being studied. - Investment in Digital is around PhP 700M
M&A Not entertaining suitors at this point as they are currently creating value first