The telecom unit of the Ayala Group listed 10,119,047 common shares issued to shareholders that participated in the recently-concluded rights offer on the Philippine Stock Exchange.“We are overwhelmed by the support shown by Globe’s shareholders for this offer. This support reflects trust in the capability of Globe to execute our core business and digital service platform initiatives.
Globe said the warm reception of the investing public to its rights offer was achieved despite tumultuous financial market conditions, solidifying the status of the company as an outperformer despite market headwinds. Proceeds from the offer will be used to partly fund capex and pay the company’s short term debt obligations, Globe said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: