GLO: Approval of Globe Telecom, Inc. and Bayan Telecommunications, Inc.'s joint application

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Business

Address:

No. Street City/Town/Province

Month Day

17-C

FORM TYPE

Secondary License Type, lf Applicable

MARISALVE CIOCSON.CO

Contact

Person

7974269

Companyffelepone

Number

ol

4

Month Day

Amended

Articles

Number/Section

Total Amount

of

Domestic Foreign

Dept. Requiring

this

Doc.

Total No. of

Stockholders

3 1

2

0

7

To be

accomplished

by SEC

Personnel

concerned

File

Number

LCU

Document l.D

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0703201 5000051

SECURITIES

AND

EXCHANGE COMMISSION

SECBuilding, EDSA,Greenhills,MandaluyongCity,MetroManila, Philippines

Tel:(632) 726-0931

to 39

Fax:(632)725-5293Email: [email protected]

Barcode Page

The

following document has

been

received

Receiving

Officer/Encoder

:

Jojit

Licudine

Receiving Branch :

SEC

Head Office

Receipt Date and Time :

July 03,

2015

08'.28:54

AM

Received

From

:

Head

Office

Company Representative

Doc

Source

Company lnformation

SEC Registration No.

Company Name

lndustry

Classification

Company Type

Document lnformation

PW00001177

GLOBE

TELECOM

INC

Telecommunications

Stock Corporation

Document lD

Document Type

Document

Code

Period

Covered

No.

of

Days

Late

Department

Remarks

1

0703201 5000051

17-C

(FORM

11-C:CURRENT

DISCL/RPT)

17-C

July 02, 2015

0

CFD



SECURIT ES AND EXCHANGE

COMMISSION

SEC FORM

17-C

CURRENT REPORT UNDER SECTION

17

OF THE SECURITIES REGULATIONS

CODE

(SRC)

AND

SRc

RULE 17(a)-1(bX3) THEREUNDER

ili;

oi

R;port

roitJ

iii

#iE;t eve;t

;;d,6di

2.

1177

3.

000-768-480-000

SEC ldentification Number

BIR

Tax ldentification Number

4.

GLOBETELECOM tNc.

Exact Name of registrant

as specified

in

its

charter

PHILIPPINES

6.

I

ndustry Classification

Code

rovince, country

or

other

jurisdiction

of

incorporation

7.

Metro

Phi

tnes

1634

Address

of

principal

office

Postal code

8.

(02)

7e7-2000

Registrant's

telephone

number, including area code

N.A.

5.

I

Former name

or

former address, if changed since last

report

10.

Securities

registered

pursuant

to Sections

4

and

8 of

the

SRC

Title

of

Each

Class

Number

of

Shares of Common Stock

Outstanding

and

Amount of

Debt

Outstanding

(as

of March

31,

2015)

132,735,047

64,538

COMMON

SHARES

TOTAL DEBT

(in

Millions

of

Pesos)

lndicate

the

item

numbers reported

herein

Please

refer to attached

Re:

Corporate Disclosure

Pursuant

to the

requirements

of

the Securities Regulations Code,

the

registrant has duly caused

this

report

to

be

signed on its behalf

by

the undersigned hereunto duly

authorized.

nt

tr

Compliance Officer,

Asst. Corporate Secretary

and

VP,

LegalServices

Date :

02

Julv

2015



SGtobe

(q

-

,Zi\

\ z

Gl.obe

Telecom,lnc.

The G[obe

Tower

32nd Street corner

7th

Avenue,

Bonifacio GLobaL

City,

Taguig,

PhiLippines 1 634

+632.79720OO

www.g[obe.com.ph

02 July

2015

Securities and Exchange

Commission

SEC

Building, Mandaluyong

City

Attention:

Mr.

Vicente Graciano

P. Felizmenio,

Jr.

Director, Markets

&

Securlfies

Regulation Department

Philippine Stock

Exchange, lnc.

3/F

Tower One and

Exchange

Plaza

Ayala Triangle, Ayala

Avenue, Makati

City

Attention:

Ms.

Janet

A.

Encarnacion

Head,

Disclosure Depaftment

Philippine

Dealing and

Exchange Corporation

37/F

Tower 1,

The Enterprise Center

6766 Ayala Avenue

cor.

Paseo

de

Roxas,

Makati

City

Attention:

Ms. Vina Vanessa S.

Salonga

Head,

lssuer Compliance

and

Disclosure Depaftment

Gentlemen:

Globe

Telecom,

lnc. discloses that

the

National

Telecommunications Commission

(NTC)

approved

today

the

joint

application

filed

by Globe Telecom,

lnc.

(Globe) and

Bayan

Telecommunications, lnc.

(Bayantel)

to authorize

Globe

to

convert

its debt

holdings

in Bayantel into equity

which

will

result in a

controlling

interest

by

the

former

of

at least

54% of

the

latter's outstanding

shares.

The

joint

application

was

filed

in

October

2013

pursuant

to

Section 20(h) of Commonwealth

Act

No.

146,

pursuant

to the

Resolution

of

Bayantel's Rehabilitation

Court

(RegionalTrial

Court Branch

158

Pasig

City)

in

SEC Case 03-25

dated 27 August

2013.

Bayantel has

been

undera court-assisted corporate

rehabilitation since

2003 and

on 27August2013,

the

Regional

Trial

Court confirmed

the

Amendment

of Bayantel's

Rehabilitation Plan

wherein Globe, as

Bayantel's

principal

creditor,

will

be authorized

to

convert

its debt holdings

into

a

controlling interest of

at

least 54% in Bayantel's outstanding

shares.

The above

information

is

being disclosed in

accordance

with the disclosure rules

of the

Securities

and

Exchange Commission and

the

Philippine

Stock

Exchange.

Very truly

yours,

*zk-

ATTY. MARISALVE

CIOCSON-CO

Compliance

Officer,

Assistant Corporate Secretary

&

VP-Legal Services

tr

GLO: Approval of Globe Telecom, Inc. and Bayan Telecommunications, Inc.'s joint application

Documents

Transcript of GLO: Approval of Globe Telecom, Inc. and Bayan Telecommunications, Inc.'s joint application