Globe Telecom's common shares are listed in the Philippine
Stock Exchange under the ticker symbol GLO. As of December 31, 2016,
Globe Telecom has 132,758,588 outstanding common shares.
On August 11, 1975, Globe Telecom, Inc. (as Globe Mackay Cable and Radio Corporation or GMCR) listed its shares in the Philippine Stock Exchange (PSE) and became the first telecommunications company in the Philippines to do so.
Class A and Class B common shares were declassified into a single class of common shares; Reverse stock split changed par value of common shares from P1 per share to P50 per share.
Creation of a new class of preferred shares and increase of authorized capital stock from P5 billion consisting of 100 million single class of common shares at par value of P50 per share to P11.25 billion consisting of 200 million common shares at par value of P50 per share and 250 million preferred shares at par value of P5 per share.
Entered a share swap transaction to acquire Isla Communications Co., Inc. (Islacom) by issuing 158,515,021 preferred shares of Globe at par value of P5 per share to Asiacom in exchange for 1.08 billion common shares of Islacom, and issuing 28,830,860 common shares of Globe at par value of P50 per share to DeTeAsia Holding GmbH (DeTeAsia), a wholly-owned subsidiary of Deutsche Telekom AG, in exchange for 720 million of Islacom common shares.
In July, Globe Telecom Holdings, Inc. (GTHI), a special purpose vehicle 32.67% owned each by Globe and AC and 33% by Singtel, filed with the Philippine SEC a registration statement for the offering of up to 12 million Philippine Depositary Receipts (PDRs). The PDRs were backed by Globe Telecom's common shares as underlying security.
In September, the PSE approved the application of Globe Telecom to list an additional 12 million common shares (post declassification and post reverse stock split) as underlying shares for the PDRs to be issued by GTHI and the application to list up to 29,623,662 PDRs.
In March, the BOD approved the issuance of new 16 million common shares in one or more offerings (other than rights issues) or private placements.
In May, AC, Singtel, and DeTeAsia pledged equity infusion of USD155 million to Islacom with the equity funding provided to Globe as a pass-through equity for Globe to invest in Islacom to fund the latter's capital and operating requirements. The USD155 million was recorded as Deposits on Subscriptions, which were applied to the conversion of 10,273,534 warrants and the balance to the subscription of an additional 8,855,476 common shares issued to AC, Singtel and DeTeAsia.
Globe declared a 25% stock dividend to all common stockholders of record as of April 30, 2002. PDR holders who exercised their PDRs on or after the ex-date April 25, 2002 (3 working days prior the record date) were also entitled to receive the stock dividend in the proportion of one and one-quarter (1.25) common shares for every one (1) PDR.
As of December, a total of 12,360,892 PDRs have been exercised.
In December also, GTHI, having completed and concluded its only business activity, filed with the SEC a request for the revocation of it permit to sell PDRs.
In October 2003, DeTeAsia sold its 24.8% equity ownership in Globe Telecom to Ayala Corporation (10.04 million common shares), Singtel (15.64 million common shares) and Globe Telecom, Inc. (12 million common shares).
On February 1, 2005, the BOD approved an offer to purchase one share for every fifteen shares (1:15) of the outstanding common stock of Globe Telecom from all stockholders of record as of February 10, 2005 at P950.00 per share. The approval allowed Globe Telecom to purchase up to 9,326,924 shares representing 6.67% of Globe Telecom's outstanding common shares. Each shareholder is entitled to tender a proportionate number of shares at the 1:15 ratio for purchase by Globe Telecom upon and subject to the terms and conditions of the tender offer. Globe Telecom also filed with the SEC the tender offer report with a copy of the letter to the shareholders, the terms and conditions of the tender offer and the tender form. Globe Telecom commenced the tender offer on February 3, 2005 and ended on March 3, 2005.
On March 15, 2005, Globe Telecom acquired 8,064,094 shares at a total cost of P7,675.66 million, including incidental costs.
On April 4, 2005, Globe Telecom's stockholders approved the cancellation of the 20.06 million treasury shares consisting of the 12.00 million shares acquired from DeTeAsia in 2003 and the 8.06 million shares acquired during the share buyback, and the amendments of the articles of incorporation of Globe Telecom to reduce accordingly the authorized capital stock of the corporation from P11,250.00 million to P10,246.72 million. On April 29,2005, Globe Telecom applied for the retirement and cancellation of the existing treasury shares with the SEC, which the latter approved on October 28, 2005. Accordingly, Globe Telecom cancelled the existing treasury shares at cost. The difference between the par value and cost of treasury shares was charged to "Additional paid in capital" and "Retained earnings" accounts amounting to P5,179.35 million and P9,685.80 million, respectively.
On June 27, 2008, Ayala Corporation announced the sale to Singtel of 3.8 million common shares of Globe Telecom at P1,210 per share.
On August 8, 2014, Globe received the approval of the Securities and Exchange Commission to offer non-voting perpetual preferred shares with the aggregate issue size of P7.0 Billion with an oversubscription option up to P3.0 Billion. The offering was fully subscribed as of August 15, 2014 and the Preferred Shares was listed in the Philippine Stock Exchange (with ticker symbol of GLOPP) last August 22, 2014 for the full amount of Php 10 Billion.
Non-voting preferred shares
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