LN00253-2022

NOTICE

Subject Globe Telecom, Inc.: Stock Rights Offering – Additional Listing
Company Name Globe Telecom, Inc.
Security Details
Type of Security Stock Symbol Par Value
Common Shares GLO Php 50.00
Type of Transaction Stock Rights Offering
Reference(s) LN00244-2022 dated September 29, 2022 and LN00246-2022 dated September 30, 2022
Ratio 1 Rights Share for every 13.2366 shares owned
Ex-Date Sep 16, 2022
Record Date Sep 21, 2022
Offer Price Php 1,680.00
Payment Terms Full Payment
Summary of the SRO Results
Stock Symbol
No. of Rights Shares
First Round GLO 9,774,875
Second Round GLO 344,172
Underwriter's Take-up (if applicable) - -
Date of Approval of Increase in Capital Stock (if applicable) Oct 24, 2022
Rights Shares to be Listed
Stock Symbol No. of Rights Shares to be Listed
GLO 10,119,047
Fully-Paid and Tradable Rights Shares
Stock Symbol No. of Rights Shares
GLO 10,119,047
Listing Date Oct 28, 2022

Adjustments

Issued Shares (if applicable)
Type of Security / Stock Symbol Before After
GLO 133,941,497 144,060,544
Outstanding Shares (if applicable)
Type of Security / Stock Symbol Before After
GLO 144,060,544 144,060,544
Listed Shares
Type of Security / Stock Symbol Before After
GLO 132,401,583 142,520,630
Other Relevant Information

As previously announced in Listing Notice No. LN00244-2022 dated September 29, 2022, the Exchange approved the application of Globe Telecom, Inc. (“GLO” or the “Company”) for the listing of additional 10,119,047 common shares (“Rights Shares”), to cover the Company’s 1:13.2366 Stock Rights Offering (“SRO” or the “Offer”), at an Offer Price of Php 1,680.00 per share.

As of October 26, 2022, the Company has complied with the applicable listing requirements of the Exchange, including among others, the submission of the following:

1. Sworn Corporate Secretary’s Certificate dated October 10, 2022 attesting to the following:

Number of Shares subscribed by eligible shareholders in the First Round: 9,774,875
Number of Shares subscribed by eligible shareholders in the Second Round: 344,172

2. Sworn Corporate Secretary’s Certificate dated October 25, 2022 certifying that the Rights Shares have been issued in uncertificated form in accordance with the requirements of Section 43 of the Philippine Securities Regulation Code.

3. Philippine Depository and Trust Corporation lodgment certificate.

The designated Stock Transfer Agent is hereby authorized to record and register in its books the said Rights Shares.

For your information and guidance.

Filed on behalf by:
Name Norberto Moreno Jr.
Designation Listings Department