C06655-2023

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)
Aug 29, 2023
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
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig City 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 144,228,604
Total Debt (in Millions of Pesos) 250,008
11. Indicate the item numbers reported herein
Please refer to the relevant attachment.

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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Establishment of a joint venture among 917Ventures, Inc. (“917Ventures”), Ayala Corporation and Gogoro Network Pte Ltd (“Gogoro SG”) for the importation, sale, distribution, operation, management and maintenance of Gogoro two-wheeled scooters (“E-Scooters”) with battery swapping technology, battery swapping stations for the E-Scooters, and after-sales services business in the Philippines through Gogoro Philippines, Inc. (“Gogoro PH”)
Background/Description of the Disclosure

On 24 August 2023, 917Ventures, Ayala Corporation and Gogoro SG (“The Parties”) executed a Joint Venture Agreement to establish a joint venture for the launch of the Gogoro two-wheeled EV battery swapping technology in Metro Manila.

917Ventures is a wholly-owned subsidiary of Globe Telecom, Inc., and is a corporate venture builder that scales, ideates, launches, and accelerates new business ideas that uplift the lives of Filipinos. 917Ventures shall own 98,000,000 common shares, which is equivalent to 49% of Gogoro PH. The 21% stake shall be for AC.

Gogoro SG is a wholly-owned subsidiary of Gogoro Inc., a listed company (NASDAQ: GGR) that has developed a battery- swapping refueling platform for urban electric two-wheeled scooters, mopeds, and motorcycles. Gogoro Inc. also develops its own line of electric scooters and offers its own vehicle innovations to vehicle maker partners. Gogoro SG shall own 60,000,000 common shares, which is equivalent to 30% of Gogoro PH.

The Parties, through Gogoro PH, shall undertake the importation, sale, distribution, operation, management, and maintenance of two-wheeled electric scooters with battery swap technology under the Gogoro brand, battery swapping stations for E-Scooters and after-sales services business relating thereto (including spare parts thereof), which may include the importation and distribution of other E-Scooter brands that are compatible with the battery swapping stations, in the Philippines.

On 29 August 2023, the Parties subsequently executed a Shareholders' Agreement to govern their relationship as shareholders.
Other Relevant Information

The closing of the transaction shall be subject to customary conditions precedent. On closing date, the Parties shall infuse the aggregate amount of Eight Million Five Hundred Thousand US Dollars (USD8,500,000.00) into Gogoro PH.

The relationship of the shareholders shall be governed by the Shareholders’ Agreement, which shall be effective on the date that all capital contributions of the parties have been received by Gogoro PH.
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This disclosure is amended to inform the public that the Parties executed a Shareholders’ Agreement today, 29 August 2023.

Please refer to the attachment for more information.

Thank you very much.
Filed on behalf by:
Name Marisalve Co
Designation Chief Compliance Officer/Asst. Corporate Secretary/SVP for Law and Compliance