A “conglomerate map as of June 30, 2016” indexed Philippine Long Distance Telephone Co. And Globe Telecom Inc. As 50:50 stockholders of Vega Telecom Inc., which, in flip, entirely owns Liberty Telecoms Holdings Inc.
Liberty Telecoms confirmed the map in a posting at the internet site of the Philippine Stock Exchange in connection with the organization’s annual stockholders’ assembly on Aug. 18.
The ownership presentation became untimely because it got here in advance of the consequences of a proposal by using Vega Telecom to shop for out the public in their one hundred sixty five.883 million Liberty Telecoms not unusual stocks, which represent 12.Eighty two percent.
As the brand new proprietors of Vega Telecom, Globe Telecom and PLDT must now not have pre-empted the public with the aid of popping out with a map of ownership on page 40 of Liberty Telecoms’ definitive statistics assertion. It became too presumptuous for the two businesses to make such presentation after they had yet to announce the results in their offer to buy out the public before delisting Liberty Telecoms from the inventory exchange.
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