According to Globe Telecom, the price represents a 22.6% discount to the 30-day volume-weighted average price (VWAP) as at Sept 8.
Singapore Telecommunications’ (Singtel) Philippine associate Globe Telecom has successfully priced its stock rights offering at 1,680 pesos ($41.27) per entitlement right.
Shareholders will receive one entitlement right for every 13.2366 common shares held.
