formerly GMCR, Inc. - Globe

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PART II - OPERATIONAL AND FINANCIAL INFORMATION Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters (1) Market Information On February 22, 2000 and June 20, 2000, the Board of Directors (BOD) and the stockholders of Globe Telecom, respectively, approved the following: a) Declassification of Globe Telecom common shares from class “A” and “B” shares into a single class of common shares; b) Reverse stock split of the common shares by changing the par value from one peso per share (P=1.00) to fifty pesos per share (P=50.00); c) Creation of a new class of preferred shares and increase in authorized capital stock from P=5 billion consisting of 100 million single class of common shares at par value of P=50 per share to P=11.25 billion consisting of 200 million common shares at par value of P=50 per share and 250 million preferred shares at par value of P=5 per share; d) Issuance from the increase in the authorized capital stock of 158,515,021 preferred shares of Globe Telecom with par value of P=5 per share to Asiacom in exchange for 1,080,000,000 common shares of Islacom (constituting 60% of the outstanding shares of stock of Islacom) and 28,830,860 common shares of Globe Telecom with par value of P=50 per share to DTA in exchange for 720,000,000 of Islacom common shares (constituting 40% of the outstanding common shares of Islacom) ; and, e) Issuance of additional 31,470,367 preferred shares at the par value of P=5 per share to all stockholders of Globe Telecom, AC and STI, as of record date to be fixed by the BOD in proportion to their respective equity holdings in Globe Telecom. As of 31 December 2002, there were 151.9 million common shares subscribed and 158.5 million preferred shares outstanding. The following sets forth the high and low price per share for each quarter, within the last 2 fiscal years: COMMON SHARES WARRANTS* Price Per Share (PHP) Price Per Share (PHP) Calendar Period High Low High Low 2001:** First Quarter 800.00 660.00 625.00 520.00 Second Quarter 700.00 650.00 520.00 450.00 Third Quarter 695.00 610.00 470.00 450.00 Fourth Quarter 680.00 640.00 480.00 365.00 2002:** First Quarter 815.00 660.00 N.A. N.A. Second Quarter 810.00 520.00 N.A. N.A. Third Quarter 565.00 465.00 N.A. N.A. Fourth Quarter 462.50 390.00 N.A. N.A. Legend:* The Warrants were listed in the PSE on 17 September 1998. There were no new stock rights or warrants issued in 2002. Warrant holders were given until January 28, 2002 to exercise their warrants. The number of warrants exercised as of January 28, 2002 after reverse stock split totaled 24,539,463 with an adjusted exercise offer price of P=164.50 per share. ** Share prices adjusted to reflect the 1:50 reverse stock split effective 24 August 2000. Phil SEC 17A 2002 26
(2) Holders The number of shareholders of record as of 31 December 2002 for common shares and warrants was 6,154 and 51, respectively. Common shares issued as of 31 December 2002 were 151,905,400. Top 20 stockholders as of 31 December 2002: NAME / ADDRESS Singapore Telecom Int’l. Pte. Ltd. 31 Exeter Road, Comcentre, Singapore 0923 Ayala Corporation 34F Tower One, Ayala Ave., Makati City DeTeAsia Holding GMBH Friedrich-Edbert-Allee 140 53113 Bonn, Federal Republic of Germany PCD Nominee Corp. – Non Filipino c/o PCD PCD Nominee Corporation-Filipino MSE Building, Ayala Avenue, Makati City Ayala Healthcare, Inc. Ayala Life Building, 6786 Ayala Avenue, Makati City Ayala Plans Incorporated Ayala Life Building, 6786 Ayala Avenue Makati City Insular Life Assurance Co. Ltd. C/o Office of the President Insular Life Bldg, Ayala Ave., Makati City Globe ESOWN Trust Account Globe Telecom Plaza Pioneer St., Mandaluyong City Insular Life Employees Retirement Fund C/o Office of the President, Insular Life Bulding, Ayala Avenue, Makati City Globe ESOP – Trust Account C/p Ramon M. de Leon—HR (ESOP) 15/F BPI Paseo Co Bldg., Paseo de Roxas, Makati City NO. OF SHARES RECORD(R) / BENEFICIAL (B) OWNER PERCENTAGE 44,148,996 (R) 29.06% 41,132,925 (R) 27.08% 37,448,920 (R) 24.65% 15,161,052 (R) 9.98% 10,378,721 (R) 6.83% 248,141 (R) 0.16% 222,046 (R) 0.15% 171,750 (R) 0.11% 96,453 (R) 0.06% 59,371 (R) 0.04% 54,940 (R) 0.04% Benjamin C. Liao 37,662 (R) 0.02% Phil SEC 17A 2002 27
Page 1 and 2: SEC Number 1177 File Number _______
Page 3 and 4: Globe Telecom, Inc. (formerly GMCR,
Page 5 and 6: stock of Islacom. The following wer
Page 7 and 8: May 11, 2001. Proceedings before th
Page 9 and 10: Wireline Services Wireline Data - G
Page 11 and 12: 128-99 USA Collect on the other han
Page 13 and 14: full-service ISP for business appli
Page 15 and 16: Globe operates digital GSM dual ban
Page 17 and 18: support arrangements, lease of cabl
Page 19 and 20: (ix) Summarize the principal terms
Page 21 and 22: October 25, 2001, Globe Telecom and
Page 23 and 24: In December 2001, Globe Telecom ent
Page 25: and WorldCom to agree to the new ra
Page 29 and 30: (IGF) service in 1994, and local ex
Page 31 and 32: used in the computation of gross AR
Page 33 and 34: Wireline Services-Voice Wireline co
Page 35 and 36: million minutes in 2002, compared t
Page 37 and 38: Details of consolidated Other Incom
Page 39 and 40: year ended 31 December 2002. These
Page 41 and 42: (d) Issued at P=5 par; (e) Voting r
Page 43 and 44: On 16 January 2003, Globe Telecom a
Page 45 and 46: are essentially reimbursements of t
Page 47 and 48: interconnection payments due to oth
Page 49 and 50: Carrier Services - Inter-Exchange (
Page 51 and 52: Interest and other related financin
Page 53 and 54: amounted to P=13,536 million. Globe
Page 55 and 56: PAPTELCOs will pay Globe CMTS P=4.0
Page 57 and 58: (3) 2000 Operating Revenues Globe F
Page 59 and 60: in wireless tariffs implemented at
Page 61 and 62: Wireline communication service reve
Page 63 and 64: Carrier Services - International Lo
Page 65 and 66: Provisions for doubtful accounts wh
Page 67 and 68: fully utilized the deferred tax ass
Page 69 and 70: MSCs by end of December 2000. Likew
Page 71 and 72: Strategic Implications of the Islac
Page 73 and 74: For the year 2000, Globe has signed
Page 75 and 76: PART III - CONTROL AND COMPENSATION
Page 77 and 78:
Xavier Loinaz, Mr. Loinaz, 59, has
Page 79 and 80:
Ramon Antonio Pineda. Mr. Pineda, 4
Page 81 and 82:
NAME PRINCIPAL POSITION 2003* 2002
Page 83 and 84:
(c) Security Ownership of Managemen
Page 85 and 86:
The net outstanding balances due to
Page 87 and 88:
PART IV - EXHIBITS AND SCHEDULES It
Page 89 and 90:
Globe Telecom, Inc. (formerly GMRC,
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formerly GMCR, Inc. - Globe

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