OCTOBER 28, 2022, MANILA, PHILIPPINES – Globe (PSE: GLO), a leading digital platform in the
Philippines with major interests in telecommunications, financial technology, digital marketing solutions,
corporate venture building, virtual healthcare, ecommerce, and providing support to entertainment, earlier
today formally listed 10,119,047 common shares newly issued to shareholders that participated in the
recently concluded Rights Offer (the “Offer”), on the Philippine Stock Exchange. The common shares
were sold in the Offer at ₱1,680.00 per share, raising gross proceeds of approximately ₱17.0 billion. The
Offer marks the triumphant return of Globe to equity capital markets after more than two decades since it
last raised equity from its shareholders. The warm reception of the investing public to Globe’s Rights
Offer was achieved despite tumultuous financial market conditions, solidifying the status of Globe as an
outperformer despite market headwinds.
The Offer was oversubscribed, and all the Offer Shares were fully allocated to existing shareholders. This
achievement, despite challenging market conditions, is a testament of shareholders’ confidence in the
Company’s strong fundamentals and growth opportunities. Proceeds from the Offer will be used to partly
fund capex and pay the Company’s short term debt obligations. It will also enable the Company to further
expand its digital ecosystem and differentiate itself in the market as it capitalizes on opportunities in and
beyond telecommunications.
Speaking on behalf of the Company, Globe President and Chief Executive Officer Ernest Cu said, “We
are overwhelmed by the support shown by Globe’s shareholders for this Offer. This support reflects trust
in the capability of Globe to execute our core business and digital service platform initiatives. We are
truly appreciative of their continued partnership with us to create and enable the digital life of the
Philippines”.
Globe Chief Finance Officer Rizza Maniego-Eala also added: “We believe that this Offer highlights
Globe’s competitive differentiation in the market, further solidifies our healthy financials and enables us
to pursue greater milestones while delivering industry-leading value to our shareholders. This Offer
DocuSign Envelope ID: C42ED069-4C77-4F6F-9BD1-1F0D11E3602B
likewise empowers the Company with the necessary flexibility to navigate this ever dynamic
environment”.
Ayala Corporation, and Singapore Telecom International Pte. Ltd, a wholly owned subsidiary of Singtel,
Globe’s principal shareholders, supported the Offer by exercising their pre-emptive rights to subscribe to
their respective pro-rata share in the Offer.
BPI Capital Corporation is the Sole Global Coordinator, Domestic Lead Underwriter and Joint
Bookrunner. UBS is the Sole International Underwriter and Joint Bookrunner. PNB Capital is the
Domestic Co-Lead Underwriter.