EX-99.1 2 phi-ex991_6.htm EX-99.1 PR10032022 phi-ex991_6.htm

 

 

 

 

 

Exhibit 99.1

 

 

EXHIBITS

 

Exhibit Number

 

Page

 

99.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copies of the disclosure letters that we filed today with the Philippines Stock Exchange, Securities and Exchange Commission and Philippine Dealing & Exchange Corporation regarding a press release entitled “PLDT Group achieves 75% closing of landmark sale and leaseback tower deals”.

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

October 3, 2022

 

 

Philippine Stock Exchange

6/F Philippine Stock Exchange Tower

28th Street corner 5th Avenue

Bonifacio Global City, Taguig City

 

Attention:

Ms. Alexandra D. Tom Wong

 

OIC - Disclosure Department

 

 

Securities & Exchange Commission

Secretariat Building, PICC Complex

Roxas Boulevard, Pasay City

 

Attention:

Mr. Vicente Graciano P. Felizmenio, Jr.

Director – Markets and Securities Regulation Dept.

 

 

Philippine Dealing & Exchange Corporation

29th Floor, BDO Equitable Tower                                                 

8751 Paseo de Roxas, Makati City 1226

 

Attention:  Atty. Marie Rose M. Magallen-Lirio

Head - Issuer Compliance and Disclosure Department

 

 

Gentlemen:

 

We submit herewith PSE Disclosure Forms 16-1 and 4-31 in relation to a press release entitled “PLDT Group achieves 75% closing of landmark sale and leaseback towers deal”. We have attached a copy of the press release to the aforementioned forms.

 

This shall also serve as the disclosure letter for the purpose of complying with PSE Revised Disclosure Rules.

 

 

Very truly yours,

 

PLDT Inc.

 

 

/s/Marilyn A. Victorio-Aquino

Marilyn A. Victorio-Aquino

Corporate Secretary

 

 

 

 

 

 

 

 

 

 

COVER SHEET

 

SEC Registration Number

P

W

-

5

5

 

 

 

 

 

 

Company Name

P

L

D

T

 

I

N

C.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal Office (No./Street/Barangay/City/Town/Province)

R

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N

 

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Form Type

 

 

 

Department requiring the report

 

 

 

Secondary License Type, If Applicable

 

 

17

-

C

 

 

 

 

 

 

 

 

M

S

R

D

 

 

 

 

 

 

 

 

 

 

 

 

 

COMPANY INFORMATION

 

Company’s Email Address

 

Company’s Telephone Number/s

 

Mobile Number

 

 

 

 

 

 

 

 

 

 

No. of Stockholders

 

Annual Meeting
Month/Day

 

Fiscal Year
Month/Day

 

 

11,470

As of August 31, 2022

 

Every 2nd Tuesday of June

 

December 31

 

CONTACT PERSON INFORMATION
The designated contact person MUST be an Officer of the Corporation

Name of Contact Person

 

Email Address

 

Telephone Number/s

 

Mobile Number

Marilyn A. Victorio-Aquino

 

mvaquino@pldt.com.ph

 

82500254

 

 

Name of Contact Person

 

Email Address

 

Telephone Number/s

 

Mobile Number

 

Contact Person’s Address

MGO Building, Legaspi St. corner Dela Rosa St., Makati City

 

Note:  In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.

 


 

 

 

 

 

 

                                  SECURITIES AND EXCHANGE COMMISSION

 

 

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

 

 

 

1.

October 3, 2022

 

Date of Report (Date of earliest event reported)

 

 

 

2.

SEC Identification Number PW-55

 

 

 

3.

BIR Tax Identification No. 000-488-793

 

 

 

4.

PLDT Inc.

 

Exact name of issuer as specified in its charter

 

 

 

5.

PHILIPPINES

6. ____________ (SEC Use Only)

 

Province, country or other jurisdiction of Incorporation

    Industry Classification Code

 

 

 

7.

Ramon Cojuangco Building, Makati Avenue, MakatiCity                                                                                

1200

 

Address of principal office

Postal Code

 

 

 

8.

(632) 82500254

 

 

Issuer's telephone number, including area code

 

 

 

9.

Not Applicable

 

 

Former name or former address, if changed since last report

 

 

 

10.

Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

 

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                   PLDT Inc.

TEL

PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements                                                                                                  

References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

 

Subject of the Disclosure

 

PLDT Group achieves 75% closing of landmark sale and leaseback towers deal

 

Background/Description of the Disclosure

 

On October 3, 2022, PLDT Inc., the country’s largest integrated telco, announced another transaction milestone in connection with its pioneering sale of 5,907 telecom towers and related passive telecom infrastructure for PHP 77 billion announced on April 19, 2022.  

 

As of October 3, 2022, ownership of a total of 4,435 towers or 75% of the 5,907 towers covered by the sale and leaseback transaction had been transferred to the tower companies and a total cash consideration of        PHP 57.7 billion received by the Group.  

 

PLDT pioneered the sale and leaseback of towers in the Philippines.  This is in support of the key policy of the Department of Information and Communications Technology under the Department’s Circular No. 008 promoting the colocation and sharing of common towers aimed at connecting more Filipinos through a more cost-efficient ICT infrastructure.

 

Proceeds from the sale of the towers would be used to pay down debt, and support operating and capital expenditures.  The transaction is timely as it allows PLDT to avoid additional debt against a backdrop of a rising interest rate environment.

 

In addition, a portion of the towers sale proceeds amounting to PHP 9 billion was earmarked as special dividends, of which PHP 6 billion equivalent to PHP 28 per share was paid out to shareholders on September 5, 2022.  

 

PLDT expects additional closings before the end of the year, with final closing anticipated to be completed by Q1 2023.

 

Sale of telecom towers in addition to the 5,907 towers sold, or committed to be sold, is currently under evaluation.

 

Other Relevant Information

 

Please refer to the attached Press Release.

 

 

 

 

 

 

 

 

 

PLDT Inc.

TEL

PSE Disclosure Form 4-31 Press Release References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules

 

Subject of the Disclosure

 

Press Release entitled “PLDT Group achieves 75% closing of landmark sale and leaseback towers deal”

 

Background/Description of the Disclosure

 

On October 3, 2022, PLDT Inc., the country’s largest integrated telco, announced another transaction milestone in connection with its pioneering sale of 5,907 telecom towers and related passive telecom infrastructure for PHP 77 billion announced on April 19, 2022.  

 

As of October 3, 2022, ownership of a total of 4,435 towers or 75% of the 5,907 towers covered by the sale and leaseback transaction had been transferred to the tower companies and a total cash consideration of        PHP 57.7 billion received by the Group.  

 

PLDT pioneered the sale and leaseback of towers in the Philippines. This is in support of the key policy of the Department of Information and Communications Technology under the Department’s Circular No. 008 promoting the colocation and sharing of common towers aimed at connecting more Filipinos through a more cost-efficient ICT infrastructure.

 

Proceeds from the sale of the towers would be used to pay down debt, and support operating and capital expenditures.  The transaction is timely as it allows PLDT to avoid additional debt against a backdrop of a rising interest rate environment.

 

In addition, a portion of the towers sale proceeds amounting to PHP 9 billion was earmarked as special dividends, of which PHP 6 billion equivalent to PHP 28 per share was paid out to shareholders on September 5, 2022.  

 

PLDT expects additional closings before the end of the year, with final closing anticipated to be completed by Q1 2023.

 

Sale of telecom towers in addition to the 5,907 towers sold, or committed to be sold, is currently under evaluation.

 

Other Relevant Information

 

Please refer to the attached Press Release

 

 

 

 

 

 

 

COVER SHEET

 

SEC Registration Number

P

W

-

5

5

 

 

 

 

 

 

Company Name

P

L

D

T

 

I

N

C.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal Office (No./Street/Barangay/City/Town/Province)

R

A

M

O

N

 

C

O

J

U

A

N

G

C

O

 

B

U

I

L

D

I

N

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M

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K

A

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N

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M

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K

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C

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T

Y

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form Type

 

 

 

Department requiring the report

 

 

 

Secondary License Type, If Applicable

 

 

17

-

C

 

 

 

 

 

 

 

 

M

S

R

D

 

 

 

 

 

 

 

 

 

 

 

 

 

COMPANY INFORMATION

 

Company’s Email Address

 

Company’s Telephone Number/s

 

Mobile Number

 

 

 

 

 

 

 

 

 

 

No. of Stockholders

 

Annual Meeting
Month/Day

 

Fiscal Year
Month/Day

 

 

11,470

As of August 31, 2022

 

Every 2nd Tuesday of June

 

December 31

 

CONTACT PERSON INFORMATION
The designated contact person MUST be an Officer of the Corporation

Name of Contact Person

 

Email Address

 

Telephone Number/s

 

Mobile Number

Marilyn A. Victorio-Aquino

 

  mvaquino@pldt.com.ph

 

82500254

 

 

 

Contact Person’s Address

MGO Building, Legaspi St. corner Dela Rosa St., Makati City

 

Note:  In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.

 


 

 

 

 

 

 

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

 

 

 

1.

October 3, 2022

Date of Report (Date of earliest event reported)

 

2.

SEC Identification Number PW-55

 

3.

BIR Tax Identification No. 000-488-793

 

4.

PLDT Inc.

Exact name of issuer as specified in its charter

 

5.

PHILIPPINES6.____________ (SEC Use Only)  

Province, country or other jurisdictionIndustry Classification Code

of Incorporation

 

7.Ramon Cojuangco Building, Makati Avenue, Makati City1200

   Address of principal officePostal Code

 

8.(632) 82500254

Issuer's telephone number, including area code

 

9.Not Applicable

Former name or former address, if changed since last report

 

10.

Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

 

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

________________________________________________________________

________________________________________________________________

________________________________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.  Item 9 (Other events)

 

Attached hereto is a Press Release entitled “PLDT Group achieves 75% closing of landmark sale and leaseback towers deal”.

 

Pursuant to the requirements of the Securities Regulation Code, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

PLDT INC.

 

By:

 

/s/ Marilyn A. Victorio-Aquino

Marilyn A. Victorio-Aquino

Corporate Secretary

 

 

October 3, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT Press Release

 

PLDT Group achieves 75% closing

of landmark sale and leaseback towers deal

 

MANILA, 3rd October, 2022 – PLDT, Inc. (“PLDT”) (PSE: TEL) (NYSE:

PHI), the country’s largest integrated telco, announced another transaction milestone in connection with its pioneering sale of 5,907 telecom towers and related passive telecom infrastructure for PHP 77 billion announced on 19th April 2022.

 

As of 3rd October 2022, ownership of a total of 4,435 towers or 75% of the 5,907 towers covered by the sale and leaseback transaction had been transferred to the tower companies and a total cash consideration of PHP 57.7 billion received by the Group.

 

PLDT pioneered the sale and leaseback of towers in the Philippines. This is in support of the key policy of the Department of Information and Communications Technology under the Department’s Circular No. 008 promoting the colocation and sharing of common towers aimed at connecting more Filipinos through a more cost-efficient ICT infrastructure.

 

Proceeds from the sale of the towers would be used to pay down debt, and support operating and capital expenditures. The transaction is timely as it allows PLDT to avoid additional debt against a backdrop of a rising interest rate environment.

 

In addition, a portion of the towers sale proceeds amounting to PHP 9 billion was earmarked as special dividends, of which PHP 6 billion equivalent to PHP 28 per share was paid out to shareholders on 5th September 2022.

 

PLDT expects additional closings before the end of the year, with final closing anticipated to be completed by Q1 2023.

 

Sale of telecom towers in addition to the 5,907 towers sold, or committed to be sold, is currently under evaluation.

 

xx

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This press release may contain some statements which constitute “forward-looking statements” that are subject to a number of risks and opportunities that could affect PLDT’s business and results of operations. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.

 

For further information, please contact:

 

Anabelle L. Chua

Melissa V. Vergel de Dios

Cathy Y. Yang

pldt_ir_center@pldt.com.ph

pldt_ir_center@pldt.com.ph

cyyang@pldt.com.ph

 

 

 

About PLDT

PLDT is the Philippines’ largest fully integrated telco company. Through its principal business groups – from fixed line to wireless – PLDT offers a wide range of telecommunications and digital services across the Philippines’ most extensive fiber optic backbone, and fixed line and cellular networks.

 

PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine-listed companies.

 

For more information, visit: www.pldt.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signatures

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

 

PLDT Inc.

 

 

 

By

:

/s/Marilyn A. Victorio-Aquino

Name

:

Marilyn A. Victorio-Aquino

Title

:

Corporate Secretary

 

Date:  October 3, 2022