SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)

Jul 23, 2021

2. SEC Identification Number

1177

3. BIR Tax Identification No.

000-768-480-000

4. Exact name of issuer as specified in its charter

GLOBE TELECOM, INC.

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

27/F, The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig Postal Code 1634

8. Issuer's telephone number, including area code

(02) 7797-2000

9. Former name or former address, if changed since last report

n/a

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
COMMON SHARES	133,432,727
TOTAL DEBT (in Millions of Pesos)	168,880

11. Indicate the item numbers reported herein

Pls refer to the relevant attachments.

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.

Globe Telecom, Inc.GLO

PSE Disclosure Form 4-21 - Redemption of Security References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Redemption of Series A Non-Voting Perpetual Preferred (GLOPP) Shares and Redemption Guidelines
Background/Description of the Disclosure
Further to our disclosure dated May 6, 2021, we wish to remind the holders of our Series A Non-Voting Perpetual Preferred (GLOPP) Shares of our exercise of the redemption of the said shares on August 22, 2021 (the 7th anniversary from the issue date of the shares) by payment in cash of the redemption price equal to the issue price of the shares plus accrued and unpaid dividends up until August 22, 2021 based on the dividend rate of 5.2006% per annum, as specified in its Prospectus. The registrar for our GLOPP shares needs to prepare a certified Redemption Entitlement Report and deliver the same to us and our paying agent no later than 9:00 A.M. of August 11, 2021 or eight (8) banking days immediately prior to the redemption date. Moreover and in reference to our disclosure dated July 19, 2021, the record date for the full redemption of the said shares is set for July 28, 2021, and the trading suspension on our GLOPP shares is set starting July 23, 2021, which is the ex-date. We are providing the Redemption Guidelines of the GLOPP Shares in the attached file dated today.

Date of Approval by Board of Directors	May 6, 2021
Record Date, if applicable	Jul 28, 2021
Redemption Price	Php 500 per share plus accrued and unpaid dividends up until August 22, 2021
Redemption Period	-
Redemption Date	Aug 22, 2021

Effects on the capital structure

Issued Shares

Type of Security/Stock Symbol	Before	After
Common Shares/GLO	133,432,727	133,432,727
Voting Preferred Shares/GLOPA	158,515,021	158,515,021
Non Voting Preferred Shares / GLOPP	20,000,000	20,000,000

Outstanding Shares

Type of Security/Stock Symbol	Before	After
Common Shares/GLO	133,432,727	133,432,727
Voting Preferred Shares/GLOPA	158,515,021	158,515,021
Non Voting Preferred Shares / GLOPP	20,000,000	0

Treasury Shares

Type of Security/Stock Symbol	Before	After
Common Shares/GLO	0	0
Voting Preferred Shares/GLOPA	0	0
Non Voting Preferred Shares / GLOPP	0	20,000,000

Listed Shares

Type of Security/Stock Symbol	Before	After
Common Shares/GLO	132,401,583	132,401,583
Voting Preferred Shares/GLOPA	158,515,021	158,515,021
Non Voting Preferred Shares / GLOPP	20,000,000	20,000,000

Effect(s) on foreign ownership level, if any	The effect of the redemption will decrease the number of foreign shareholders of preferred shares.

Other Relevant Information

As the redemption date, August 22, 2021, falls on a Sunday, the payment of the redeemed shares shall be made on August 23, 2021 (Monday) to shareholders on record as of July 28, 2021. The redeemed shares will be recorded as treasury stock of Globe and shall be retired. We will disclose more information in due course. This disclosure is being amended to provide the Redemption Guidelines of the GLOPP Shares reflected in the attached file dated today. Please refer to the relevant attachments, which include the Redemption Guidelines as well as the previous relevant disclosures dated May 6, 2021 and July 19, 2021. Thank you very much.