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DITO CME sets final price of stock rights offer at P4.88 per share

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ABS-CBN News

<p>MANILA— DITO CME Holdings Corp on Friday set the final offer price of its stock rights offer at P4.88 per share.</p><p>DITO CME will offer a total of about 1.64 billion common shares, it said in a filing to the stock exchange.</p><p>The rights offer period will be from Dec. 27, 2021, to Jan. 18, 2022, the parent of third telco DITO Telecommunity said. </p><p>The majority of the proceeds will be injected into DITO Telecommunity, it said. </p><p>&quot;The proceeds from the Offer will be contributed by the Company as additional capital into DITO Telecommunity to support a successful commercial-roll-out and for general corporate purposes,&quot; the disclosure said.</p><p>DITO Telecommunity, which is mounting its network to challenge the duopoly of Globe Telecom and PLDT, earlier said it is close to hitting its 5-million subscriber milestone. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/09/21/dito-nears-5m-subscribers">DITO &#x27;approaching&#x27; 5 million mobile subscribers</a></li>	<li><a href="https://news.abs-cbn.com/business/02/22/21/dito-logs-speeds-of-507-mbps-for-5g-85-mbps-for-4g-passes-audit-ntc">DITO logs speeds of 507 Mbps for 5G, 85 Mbps for 4G; passes audit: NTC</a></li>	<li><a href="https://news.abs-cbn.com/business/03/08/21/we-dont-intend-to-be-no-3-dito-eyes-service-to-service-fight-with-globe-pldt">&#x27;We don&#x27;t intend to be No. 3&#x27;: DITO eyes &#x27;service to service&#x27; fight with Globe, PLDT</a></li></ul><div><strong>FROM THE ARCHIVES:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1660549" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><div> </div>

DITO CME Holdings on Friday set the final offer price of its stock rights offer at P4.88 per share.