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)

Sep 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 (In Millions of Pesos)	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 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Corporate Disclosure – Press Release entitled "Globe Harmonizes Payments-related Businesses; Sells ECPay to Mynt”.
Background/Description of the Disclosure
We respectfully submit a copy of the attached corporate disclosure regarding our press release entitled “Globe Harmonizes Payments-related Businesses; Sells ECPay to Mynt”.

Date of Approval by Board of Directors	Sep 29, 2023

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
The acquisition is expected to better harmonize the capabilities of both ECPay and GCash. Through Mynt, ECPay can better traverse the evolving digital landscape and maximize its untapped potential.

Details of the acquisition or disposition

Date	Sep 29, 2023

Manner
The parties have entered into a Share Purchase Agreement.
Description of the company to be acquired or sold
ECPay is a customer purchase and payment system provider in the Philippines, enabling merchants in both offline and online channels with the one-stop-shop proposition and offer customers convenient payment platforms.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	77,000,000
Percentage to the total outstanding shares of the company subject of the transaction	77
Price per share	PHP30.00

Nature and amount of consideration given or received
PHP 2,310,000,000.00
Principle followed in determining the amount of consideration
Discounted cash flow methodology and other financial metrics.
Terms of payment
PHP 2,117,500,000.00 on Closing, the balance in the next three years less any potential claims, liabilities, costs, expenses, and penalties.
Conditions precedent to closing of the transaction, if any
Various regulatory approvals.
Any other salient terms
None

Identity of the person(s) from whom the shares were acquired or to whom they were sold

Name	Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Globe Fintech Innovations, Inc.	Affiliate of Issuer

Effect(s) on the business, financial condition and operations of the Issuer, if any
Cash generated from the transaction can be used by Globe for its operations.
Other Relevant Information
This information is being disclosed in accordance with the disclosure rules of the Securities and Exchange Commission and the Philippine Stock Exchange. Thank you very much.