C01523-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 2,800,000,000 |
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Subject of the Disclosure |
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Additional update on the Comprehensive Corporate Disclosure regarding the acquisition of 100% of the shares of Udenna Communications Media and Entertainment Holdings Corp. ("UCME") in exchange for the issuance of 11,200,000,000 common shares of Dito CME Holdings Corp. ("Dito CME") in favor of Udenna Corporation ("Udenna") pertaining to the Philippine Competition Commission ("PCC") |
Background/Description of the Disclosure |
Further to the Comprehensive Corporate Disclosures of Dito CME (C08039-2020 and C08040-2020), the Company hereby discloses that it has received today, 9 March 2021, clearance from the Philippine Competition Commission with regard to the share-swap transaction. The PCC noted that the share-swap transaction does not breach the thresholds prescribed by the Philippine Competition Act and its Implementing Rules and Regulations, and qualifies as consolidation of ownership in the same natural persons. |
Other Relevant Information |
None |
Name | Leandro Abarquez |
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Designation | Corporate Legal Counsel |