DITO CME Holdings Corp. said Monday that it had set the final offer price for a follow-on offering of more than 1.95 billion common shares at P1.05 per share.
'The company will reflect the offer price in the offer related documents to be submitted to the Securities and Exchange Commission and Philippine Stock Exchange,' it said in a disclosure.The Dennis Uy-led company had originally planned to conduct the secondary offering of 1,953,500,000 shares starting Sept. 26 until Oct. 2, 2024, after obtaining approval from the Philippine Stock Exchange .
2 to 26, with the tentative listing date scheduled for Dec. 6.Proceeds from the offering will mostly be allocated to its telco business unit, DITO Telecommunity, the company said.For the first nine months of 2024, DITO CME reported higher revenues of P11.89 billion from P8.08 billion in the same period last year, led mainly by the performance of DITO Telecommunity as the number of its subscribers expanded.Despite the higher revenues, DITO CME still reported a wider net loss of P25.
Follow-On Offer Priced At P1.05/Share
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