Globe Telecom : Amendments to Articles of Incorporation

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Jun 22, 20222. SEC Identification Number 11773. BIR Tax Identification No. 000-768-480-0004. Exact name of issuer as specified in its charter Globe Telecom, Inc.5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig CityPostal Code16348. Issuer's telephone number, including area code [phone]9. Former name or former address, if changed since last report N.A. 10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARES	133,619,207
TOTAL DEBT (in Millions of Pesos)	210,054

11. Indicate the item numbers reported herein Please refer to the relevant attachment.

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Globe Telecom, Inc.GLO PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Amendments to the Articles of Incorporation

Background/Description of the Disclosure

Further to our disclosure dated 23 February 2022 on the proposed amendments to our Articles of Incorporation, please be informed that pursuant to the approval by our Stockholders, we have filed the pertinent documents to the Securities and Exchange Commission (SEC). Rest assured, we will disclose as soon as we receive approval from the SEC.

Date of Approval by Board of Directors	Apr 25, 2022
Date of Approval by Stockholders	Apr 26, 2022
Other Relevant Regulatory Agency, if applicable	-
Date of Approval by Relevant Regulatory Agency, if applicable	TBA
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article No.	From	To
Please refer to attached Annex "A" of our disclosure dated 23 February 2022.	-	-

Rationale for the amendment(s)

For business purposes. As mentioned in our disclosure dated 17 June 2022 on our Board's approval for a stock rights offer (SRO), common shares for the SRO will be issued out of the increase in the Company's authorized capital stock, which was approved by Globe's Board of Directors and Shareholders on 25 April 2022, and 26 April 2022, respectively.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	Jun 21, 2022
Expected date of SEC approval of the Amended Articles of Incorporation	TBA

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

The amendments will result in the increase of the Company's authorized capital stock to Eleven Billion Two Hundred Forty-Six Million Seven Hundred Eighteen Thousand Six Hundred Fifty Pesos (Php 11,246,718,650.00) divided into One Hundred Sixty-Eight Million Nine Hundred Thirty-Four Thousand Three Hundred Seventy-Three (168,934,373) Common Shares with a par value of Fifty Pesos (Php 50.00) per share, One Hundred Sixty Million (160,000,000) Voting Preferred Shares with a par value of Five Pesos (Php 5.00) per share, and Forty Million (40,000,000) Non-Voting Preferred Shares with a par value of Fifty Pesos (Php 50.00) per share.

Other Relevant Information

The attached Annex "A" provides a summary of the proposed amendments. Please refer to our disclosure dated 23 February 2022. --- Amended to show that Management will obtain approval of the Board on the proposed increase of Authorized Capital Stock (ACS) on or before April 25, 2022. We will update the disclosure once Board approval is obtained, among other relevant updates. --- We amend this disclosure to reflect that our Board has approved the amendments to Article Seventh of our Articles of Incorporation today. --- Further to our disclosures on the matter, please be informed that pursuant to the approval by our Stockholders, we have filed the pertinent documents to the Securities and Exchange Commission (SEC). Rest assured, we will disclose as soon as we receive approval from the SEC. We are reflecting the actual date of filing with the SEC and attaching our previous disclosures on the matter for reference, as advised by the Exchange. Thank you very much.

Filed on behalf by:

Name	Marisalve Co
Designation	Chief Compliance Officer/Asst. Corporate Secretary/SVP for Law and Compliance