The Board of Directors of DITO CME Holdings Corp. (“DITO” or the “Company”) approved the conduct of a Stock Rights Offering (“SRO”) of common shares to be issued from the Company’s unissued authorized capital stock.
The proceeds from the SRO will be contributed by the Company as additional capital into DITO Telecommunity to support a successful commercial-roll-out and for general corporate purposes.
Please refer to the relevant disclosures of the Company on the following dates:
1. C05893-2021 dated August 26, 2021; and 2. C07307-2021 dated November 4, 2021
The Exchange approved the application of the Company for the listing of up to 1,639,344,262 common shares (“Right Shares”), with a par value of Php1.00 per share, to cover its SRO to all stockholders as of the proposed record date of December 23, 2021, at an Offer Price of Php4.88 to Php6.88 per Rights Share. The Exchange’s approval of the listing of the Right Shares is subject to the Company’s compliance with all applicable requirements and post-approval conditions of the Exchange.
Kindly refer to the attached terms and conditions of the Stock Rights Offer for other details.
The Exchange will accordingly announce any developments on the Company’s listing application.
For your information and guidance. |