- PHI Dashboard
- Financials
- Filings
-
Holdings
- Transcripts
- ETFs
-
Insider
- Institutional
- Shorts
-
6-K Filing
PLDT (PHI) 6-KCurrent report (foreign)
Filed: 24 Apr 23, 9:03am
Exhibit 99.1
EXHIBITS
Exhibit Number |
| Page |
99.1
|
Copies of the disclosure letters that we filed on April 24, 2023 with the Philippine Stock Exchange, Inc., the Philippine Securities and Exchange Commission, and the Philippine Dealing & Exchange Corporation in connection with an update on the US class action filed against PLDT Inc. and nine of its current or former directors and officers in the United States federal district court in the Central District of California. |
|
April 24, 2023
Securities & Exchange Commission
Secretariat Building, PICC Complex
Roxas Boulevard, Pasay City
Attention: Mr. Vicente Graciano P. Felizmenio, Jr.
Director – Markets and Securities Regulation Department
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:
Further to the clarification we submitted on February 13, 2023 in relation to the US class action filed against PLDT Inc. (the “Company”) and nine of its current or former directors and officers in the United States federal district court in the Central District of California (the “US Class Action”), we provide herewith a copy of PSE Disclosure Form 16-1 to provide an update on the US Class Action.
This submission shall also serve as our compliance with Section 17.1 of the Securities Regulation Code regarding the filing of reports on significant developments.
Very truly yours,
/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 | A | M | O | N |
| C | O | J | U | A | N | G | C | O |
| B | U | I | L | D | I | N | G |
|
|
|
|
|
|
| |||||||||||||||||||||||||||||
M | A | K | A | T | I |
| A | V | E | N | U | E |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||||
M | A | K | A | T | I |
| C | I | 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 |
| Fiscal Year |
|
| 11,419 As of March 31, 2023 |
| 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
Date of Report (Date of earliest event reported)
Exact name of issuer as specified in its charter
5. PHILIPPINES 6.____________ (SEC Use Only)
Province, country or other jurisdiction Industry Classification Code
of Incorporation
7. Ramon Cojuangco Building, Makati Avenue, Makati City 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
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding |
________________________________________________________________
________________________________________________________________
________________________________________________________________
11. Item 9 (Other events)
Attached herewith is an update on the US class action filed against PLDT Inc. and nine of its current or former directors and officers in the United States federal district court in the Central District of California.
Pursuant to the requirements of the Securities Regulation Code, the Company has duly authorized and caused this Report to be signed on its behalf by the undersigned.
PLDT INC.
By:
/s/Marilyn A. Victorio-Aquino
Marilyn A. Victorio-Aquino
Corporate Secretary
April 24, 2023
April 24, 2023
The Philippine Stock Exchange, Inc.
6/F Philippine Stock Exchange Tower
28th Street corner 5th Avenue
Bonifacio Global City, Taguig City
Attention: Ms. Alexandra D. Tom Wong
Officer-In-Charge - Disclosure Department
Gentlemen:
Further to the clarification we submitted on February 13, 2023 in relation to the US class action filed against PLDT Inc. (the “Company”) and nine of its current or former directors and officers in the United States federal district court in the Central District of California (“US Class Action”), we submit herewith PSE Disclosure Form 16-1 to provide an update on the US Class Action.
On April 17, 2023, Milbank LLP (“Milbank”), entered its appearance on behalf of the Company in the US Class Action, and filed a (i) Notice of Interested Persons or Entities and Corporate Disclosure Statement and (ii) Memorandum of Points and Authorities (“Memorandum”) for consideration by the Court. Earlier, on April 7, 2023, two (2) individuals (the “Movants”), each represented by a different law firm, submitted separate motions to the Court to serve as lead plaintiff in the US Class Action:
In the Memorandum, the Company asserted that the Movants failed to establish that they are appropriate lead plaintiffs in the US Class Action given that under the Private Securities Litigation Reform Act, lawsuits by shareholders with a small position in the security at issue are discouraged. Consequently, the Company argued that the de minimis purported losses alleged by the Movants in this case ($22.69 for Olsson and $240.23 for Douglas) fall far short of the basic requirement that a lead plaintiff make a prima facie showing that he or she is an adequate representative who will prosecute the action vigorously on behalf of the putative class. The Company asserted that Olsson’s
and Douglas’ nominal losses show that they “lack[] sufficient financial interest in the outcome of the [US Class Action] to incentivize them to monitor counsel’s performance and control the litigation on behalf of the putative class.” Thus, the Company argued in its Memorandum that the Movants’ motions for appointment as lead plaintiff should be denied.
The hearing for the appointment of the lead plaintiff is scheduled for May 8, 2023.
The Company shall provide further updates in compliance with Philippine and US laws on disclosures related to pending litigation as they arise.
Very truly yours,
/s/Marilyn A. Victorio-Aquino
Marilyn A. Victorio-Aquino
Corporate Secretary
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: April 24, 2023