Converge CEO Dennis Anthony Uy takes home ‘People of the Year’ award

Converge Co-Founders Dennis and Grace Uy graced the red carpet awards ceremony of Stargate’s PeopleAsia People of the Year 2022. The Converge CEO, Mr. Uy  joins the list of movers and shakers in the country who are redefining their industries and were recognized in the ceremony.

Converge ICT Solutions Inc. CEO and Co-Founder Dennis Anthony Uy joins the list of movers and shakers in the country who are making a difference in the lives of Filipinos as he was recently recognized among the “People of the Year” for 2022 by PeopleAsia. 

In a ceremony held recently, Uy received the coveted award for his instrumental role in the digitization of the Philippine economy amid the pandemic.  

From Left to Right: Atty. Albert Arcilla, MG Philippines President and CEO, Mr. Dennis Anthony Uy, Converge CEO and Co-Founder and Joanne Rae Ramirez, PeopleAsia Editor-in-Chief. During his acceptance speech,  Mr Uy mentions: “We are delighted that we are now able to give this gift of connectivity to at least 1.7 million Filipino homes, giving them this lifeline amid the pandemic.”

“With this recognition, we hope that we will continue to inspire others as we hopefully move out of the pandemic. We have built our national digital highway and we will continue to reach more Filipinos to give them world-class broadband connectivity. This is our lifelong promise and our mission,” said Uy in his acceptance speech. 

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For the first time since the pandemic, PeopleAsia organized an intimate and memorable event to recognize its “People of the Year” where icons in business, government, sports, and society gathered at the Conrad Manila Hotel. 

Uy joined an impressive circle of luminaries hailed as 2022’s People of the Year. Nobel Peace Prize laureate Maria Ressa, Camarines Sur Governor Migz Villafuerte, Olympians Hidilyn Diaz, Nesthy Petecio and Eumir Marcial,  actor John Arcilla, Manila Mayor Isko Moreno, Senator Joel Villanueva, Deputy Speaker and Las Pinas Rep. Camille Villar, President and COO of Lucio Tan Group of Companies Michael Tan, broadcast journalist Korina Sanchez, medical frontliner and infectious diseases specialist Dr. Regina Berba, and Frontrow Cares’ RS Francisco and Sam Versoza, complete the People of the Year circle of winners.

PeopleAsia’s People of the Year is an annual recognition, lauding extraordinary people making a mark in their field and advancing their industries.

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Converge stocks to be traded OTC in US financial markets via unsponsored ADRs

MANILA, Philippines, 20 September 2021 – Leading Philippine internet provider Converge ICT Solutions Inc. (PSE: CNVRG) will soon be traded over-the-counter in the US financial markets in the form of unsponsored American Depositary Receipts (ADRs) registered with the US Securities and Exchange Commission (SEC).

An ADR is a negotiable security that represents securities of a foreign company and allows that company’s shares to trade in the US financial markets. ADRs represent an easy, liquid way for US investors to own foreign stocks. An unsponsored ADR is an ADR issued by a depositary bank without the involvement, participation, or consent of the foreign company it represents ownership in.

“We welcome this development as it opens up another channel for US investors to invest into Converge shares. This signals the confidence of an increasing number of investors in the continued strong growth of the company as we continue to reach the unserved and unserved areas in the Philippines,” said Converge CEO Dennis Anthony Uy.

Based on the F-6 registration statement filed with the US SEC, the total American Depositary Shares (ADS) registered amounted to 50 million ADS for a maximum offer price of $5.00 each or a total aggregate offering price of $2.5 million (approximately P125 million). Converge ADS will be traded over-the-counter in the US financial markets under the symbol CVGYY.

“The trust and confidence of our investors in Converge make us work harder towards achieving our goal of providing world-class fiber broadband connectivity to majority of Filipinos. We remain committed to covering 55% of Philippine households by 2025,” according to Converge President Maria Grace Uy.

Converge recently connected Visayas and Mindanao to its nationwide backbone with its broadband services officially launched in Cebu province and started offering its services in Davao City. It is also deepening its presence in Luzon with its aggressive expansion in North Luzon, announcing recently that it will expand the roll-out of its fiber optic cables in the Cordillera Autonomous Region from Benguet province to Kalinga and Mountain Province.

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