Globe Telecom Inc. Lists Non-Voting Preferred Shares

Image Courtesy: PSE (from left): Ayala Corporation CFO Juan Carlos L. Syquia, GLO Vice President for Treasury Division Bernice D. Olives, GLO Chief Compliance Officer and Assistant Corporate Secretary Marisalve Ciocson-Co, GLO CFO, Treasurer, and Chief Risk Officer Juan Carlo C. Puno, GLO Co-Vice Chairman Cezar P. Consing, PSE President and CEO Ramon S. Monzon, PSE COO Atty. Roel A. Refran, PSE Issuer Regulation Division Head Atty. Marigel M. Baniqued-Garcia, PSE General Counsel Atty. Veronica V. Del Rosario, and PSE Capital Markets Development Division Head Mark Frederick V. Visda.

Globe Telecom, Inc. (GLO) raised P25 billion from its follow-on offering (FOO) of non-voting Series A and Series B preferred shares. The shares, which are traded under the stock symbols GLOBA and GLOBB, respectively, were listed on the Philippine Stock Exchange (PSE) on March 2, 2026.

The amount raised will be used by the company to primarily redeem its US-dollar denominated perpetual capital securities. It will also allocate a portion of the proceeds to fund network upgrades and other capital expenditures that will enhance GLO’s subscriber experience through consistent and reliable high-speed 5G connectivity nationwide.
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In his welcome remarks, PSE President and CEO Ramon S. Monzon cited that this FOO is GLO’s biggest capital raising to date. “The positive reception to this FOO is a clear testament to the degree of confidence investors have on Globe’s market leadership, strategic direction and long-term growth prospects.”