Globe Telecom Inc. has set the price of its P17 billion stock rights offering at P1,680 per share while setting the entitlement ratio at one rights share for every 13.2366 shares held.
In a disclosure to the Philippine Stock Exchange, the firm said its offering price is equivalent to a 22.6 percen
Globe Telecom Inc. has reduced the size of its planned stock rights offering (SRO) to P17 billion from the earlier proposed P32 billion.
In a disclosure, the firm its SRO was approved by the Philippine Stock Exchange last Sept. 1 and shareholders as of the record date of Sept. 21 (ex-date Sept. 16