C07597-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 16,235,000,000 |
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.
Subject of the Disclosure |
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Execution of Subscription Agreement |
Background/Description of the Disclosure |
On 20 October 2023 and pursuant to the authority given by the shareholders to the board to enter into a private placement transaction and issue such relevant number of shares, the Corporation executed a subscription agreement with Summit Telco Holdings Corporation (“Summit Telco Holdings”), a Philippine registered corporation that is wholly-owned by Summit Telco Corporation Pte. Ltd., an existing shareholder of DITO CME for Summit Telco Holdings’ subscription to 3,300,000,000 voting common shares in the Corporation for the total consideration of Php3,300,000,000.00 at Php1.00 per share. |
Other Relevant Information |
Kindly see attached SEC Form 17-C. |
Name | Alyssa Hannah Nuqui |
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Designation | Associate Legal Counsel |