This is with reference to DITO CME Holdings Corp.’s (“DITO” or the “Company”) disclosures under Company Announcement Nos. C07596-2023 and C07597-2023 both dated October 23, 2023. In the said disclosures, DITO disclosed that on October 20, 2023, its Board of Directors approved the issuance of 3,300,000,000 common shares of the Company out of its unissued authorized capital stock at an issue price of Php1.00 per share to Summit Telco Holdings Corporation and the execution of the subscription agreement relating to the said issuance.
After a careful review of the disclosure submitted by the Company, the Exchange deems the above-mentioned transaction to be covered by the Rule on Additional Listing of Securities (the “Additional Listing Rule”) under Article V of the Consolidated Listing and Disclosure Rules of the Exchange.
Pursuant to Section 5 of the Additional Listing Rule, the Exchange will implement a one (1) hour trading halt on DITO’s shares from 9:30 a.m. to 10:30 a.m. today, October 23, 2023.
Further, under the Additional Listing Rule, there are requisite corporate approvals and other requirements (including, but not limited to, the submission of a comprehensive corporate disclosure) which the Company must comply with.
The Exchange will inform the Trading Participants and the investing public of further developments on the matter.
For your information and guidance. |
NOTICE