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) Jun 17, 20222. SEC Identification Number 11773. BIR Tax Identification No. 000-768-480-0004. Exact name of issuer as specified in its charter GLOBE TELECOM, INC.5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig CityPostal Code16348. Issuer's telephone number, including area code (02) 7797-20009. 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 133,619,207
TOTAL DEBT (in Millions of Pesos) 217,741
11. Indicate the item numbers reported herein Please refer to the relevant attachments.

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 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure

Approval of the Board of Directors of the Stock Rights Offering

Background/Description of the Disclosure

Please be advised that the Board of Directors of Globe Telecom, Inc. (the "Company" or "Globe") approved today, 17 June 2022, the offer and issuance of up to ₱32.0 Billion worth of Globe's common shares (the "Rights Shares") by way of a stock rights offer on a preemptive basis to eligible shareholders of record, and the subsequent listing of said shares (the "Rights Offer"). The Rights Shares are intended to be issued out of the increase in the Company's authorized capital stock, which was approved by Globe's Board of Directors and shareholders on April 25, 2022, and April 26, 2022, respectively. The Company expects to raise gross proceeds of up to ₱32.0 Billion from the Rights Offer.

Globe has mandated BPI Capital Corporation as Sole Global Coordinator, Domestic Lead Underwriter and Joint Bookrunner and UBS AG Singapore Branch as Sole International Underwriter and Joint Bookrunner, with PNB Capital and Investment Corporation as Domestic Co-Lead Underwriter for the Rights Offer.

Please refer to the attached disclosure letter and press release.

Date of Approval by Board of Directors Jun 17, 2022
Entitlement Ratio TBA
Offer Price TBA
Number of Shares to be Offered TBA
Ex-Rights Date TBA
Record Date TBA
Start of Offer Period TBA
End of Offer Period TBA
Use of Proceeds

To accelerate growth and support the Company's strategic initiatives, including additional investment in capital expenditures related to mobile and broadband, as well as debt repayment for loans used to fund capital expenditures

Other Relevant Information

Determination of the final terms and conditions of the Rights Offer, including but not limited to the final issue size, entitlement ratio, offer price, record date and all other terms will be determined prior to the Rights Offer. These final terms will be reflected on disclosures at the relevant time and contained in the final prospectus to be issued in relation to the Rights Offer

Please note that the Rights Offer, the increase in the Company's authorized capital stock, and the listing of the Rights Shares are each subject to regulatory approvals.

Given that this is an SRO, and subject to regulatory approval, there will be necessary adjustments to the Company's share price and outstanding shares.

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

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Globe Telecom Inc. published this content on 20 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2022 00:03:07 UTC.