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)
Jun 13, 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 CityPostal Code1634
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
144,060,544
Total Debt (in Millions of Pesos)
234,500
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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarification of News Report in relation to news article entitled, "Globe: GCash ready for IPO this year".
Source
BusinessMirror (Online Edition)
Subject of News Report
"Globe: GCash ready for IPO this year"
Date of Publication
Jun 9, 2023
Clarification of News Report
This is in reply to the Philippine Stock Exchange, Inc.’s (PSE) letter dated 9 June 2023 with respect to the attached news article entitled “Globe: GCash ready for IPO this year” posted in BusinessMirror (Online Edition), which reported in part that:
“Globe Telecom Inc., the Philippines’s second-biggest telecommunications company, expects e-wallet unit GCash to be ready for an initial public offering (IPO) by yearend, President and CEO Ernest Cu said.
‘We’re pretty much ripe for it. The growth is there, the profitability has been there for almost two years now,’ Cu said in an interview on Thursday with Bloomberg Television’s David Ingles and Yvonne Man.
The plan is to be push-button ready by the end of the year. Let’s see where it takes us,’ he said.
. . . .”
In line with the statement of Globe President and CEO Ernest Cu on GCash’s readiness for an Initial Public Offering (IPO), we wish to clarify that our plan is to become push-button-ready when the opportune time comes. We are focused on growth to create more value for our customers and make GCash the safest and most trusted platform championing financial inclusion.
Rest assured, we will disclose relevant details in due course.
Other Relevant Information
Please refer to the relevant attachment. Thank you very much.
Filed on behalf by:
Name
Marisalve Co
Designation
Chief Compliance Officer/Asst. Corporate Secretary/SVP for Law and Compliance