Stock Information

Globe Telecom, Inc., as Globe Mackay Cable and Radio Corporation (GMCR), listed its shares in the Philippine Stock Exchange 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 ₱1 per share to ₱50 per share.

The Board of Directors approved the issuance of new 16 million common shares in one or more offerings (other than rights issues) or private placements. 

Globe declared a 25% stock dividend to all common stockholders of record as of April 30, 2002.

DeTeAsia sold its 24.8% equity ownership in Globe to Ayala Corporation (10.04 million common shares), Singtel (15.64 million common shares), and Globe Telecom, Inc. (12 million common shares).

Globe acquired 8,064,094 shares at a total cost of P7,675.66 million, including incidental costs.

Ayala Corporation announced the sale to Singtel of Globe’s 3.8 million common shares at ₱1,210 per share. 

Globe received the approval of the Securities and Exchange Commission to offer non-voting perpetual preferred shares with an aggregate issue size of ₱7 Billion with an oversubscription option up to ₱3 Billion.

Globe Telecom redeemed the 20 million non-voting preferred shares for ₱10,000 million.

Globe Telecom listed 10,119,047 common shares issued to shareholders who participated in the Stock Rights Offer. The shares were sold at ₱1,680 per share, raising the gross proceeds of approximately ₱17 Billion.