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)
Jan 15, 2024
2. SEC Identification Number
808
3. BIR Tax Identification No.
000-162-935
4. Exact name of issuer as specified in its charter
DITO CME HOLDINGS CORP.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
21st Floor, Udenna Tower, Rizal Drive corner 4th Avenue, Bonifacio Global City, Taguig CityPostal Code1634
8. Issuer's telephone number, including area code
+63284034007
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
19,535,000,000
11. Indicate the item numbers reported herein
Item 9
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.
DITO CME Holdings Corp.DITO
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 Reports
Source
manilatimes.net
Subject of News Report
DITO to scale back capital expenditures
Date of Publication
Jan 15, 2024
Clarification of News Report
We write in connection with the article entitled “DITO to scale back capital expenditures”, posted in manilatimes.net on January 15, 2024, which reported in part that:
“DITO Telecommunity Corp. will be scaling back capital expenditures (capex) this year from P27 billion in 2023, its chief executive said.
‘Our capex guidance will be tempered a bit,’ DITO CEO Eric Alberto said.
‘It should be anywhere between P25 billion to P30 billion. After we focus on the network roll out, it is now time to focus on monetization and commercialization of the network's investment,’ he added.
‘Our plans now is to focus on gaining market share and focusing on commercial roll out and coming up with exciting new, differentiated products both fixed wireless broadband and mobile data.’
Alberto said the firm was targeting a market share of 15 to 20 percent from the current 10 percent. DITO was said to have registered more than 10 million subscribers last year.
. . . .”
From information provided by its operating subsidiary, DITO Telecommunity Corp. (“DITO Tel”), DITO CME Holdings Corp. (the “Company”) confirms the statements made in the abovementioned article that DITO Tel’s capex guidance will be anywhere between P25 billion to P30 billion and that DITO Tel’s target market share for 2024 is 15-20%.
However, please note that these statements are forward-looking statements related to future plans, strategies, or events that are not historical in nature and actual results, outcomes, or actions may differ from those that were expected or anticipated. Thus, the readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the current date when the statement was made.