Exhibit 99.1
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Exhibit No. | Exhibit | ||
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99.1 |
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| Copies of the disclosure letters that were filed on May 15, 2023 by PLDT Inc. with the Philippine Securities and Exchange Commission, the Philippine Stock Exchange, Inc., and the Philippine Dealing & Exchange Corporation regarding the press release entitled ”PLDT Group announces first closing of sale and leaseback towers deal with Unity.”
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May 15, 2023
The Philippine Stock Exhange, 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
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:
In compliance with the PSE’s Revised Disclosure Rules, we submit herewith PSE Disclosure Forms 4-16 and 4-31 in relation to the press release entitled “PLDT Group announces first closing of sale and leaseback towers deal with Unity.”
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
PLDT Inc.
COVER SHEET
SEC Registration Number | ||||||||||
P | W | - | 5 | 5 |
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Company Name
P | L | D | T |
| I | N | C. |
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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 |
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M | A | K | A | T | I |
| A | V | E | N | U | E |
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M | A | K | A | T | I |
| C | I | T | Y |
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Form Type |
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| Department requiring the report |
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| Secondary License Type, If Applicable | |||||||||||||||||||||
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| 17 | - | C |
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| M | S | R | D |
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COMPANY INFORMATION
| Company’s Email Address |
| Company’s Telephone Number/s |
| Mobile Number |
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| No. of Stockholders |
| Annual Meeting |
| Fiscal Year |
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| 11,419 As of March 31, 2023 |
| Every 2nd Tuesday of June |
| December 31 |
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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 |
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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. | May 15, 2023
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| Date of Report (Date of earliest event reported) | |
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2. | SEC Identification Number PW-55 | |
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3. | BIR Tax Identification No. 000-488-793 | |
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4. | PLDT Inc. | |
| Exact name of issuer as specified in its charter | |
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5. | PHILIPPINES | 6. ____________ (SEC Use Only) |
| Province, country or other jurisdiction of Incorporation | Industry Classification Code |
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7. | Ramon Cojuangco Building, Makati Avenue, Makati City | 1200 |
| Address of principal office | Postal Code |
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8. | (632) 82500254 |
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| Issuer's telephone number, including area code | |
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9. | Not Applicable |
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| Former name or former address, if changed since last report | |
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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 |
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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 announces first closing of sale and leaseback towers deal with Unity.
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Background/Description of the Disclosure |
MANILA, May 15, 2023 – PLDT Inc. (“PLDT”) (PSE: TEL) (NYSE: PHI), the country’s largest integrated telco, is pleased to announce a major milestone in connection with the sale and leaseback of 650 telecommunications towers and associated passive telecommunications infrastructure to Unity Digital Infrastructure Inc. (“Unity”) that was announced on December 15, 2022.
First closing of the transaction was achieved today with the completion of the sale of 135 telecommunications towers to Unity. A corresponding cash consideration of PHP1.9 Billion was received by the Group.
The Master Services Agreement covering the leaseback arrangement for those towers also became effective as of today.
PLDT expects to transfer additional towers over the next few months as closing conditions are met, with all transfers expected to be completed in 2023.
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Other Relevant Information |
Please refer to the attached press release.
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.
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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 |
PLDT Group announces first closing of sale and leaseback towers deal with Unity.
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Background/Description of the Disclosure |
MANILA, May 15, 2023 – PLDT Inc. (“PLDT”) (PSE: TEL) (NYSE: PHI), the country’s largest integrated telco, is pleased to announce a major milestone in connection with the sale and leaseback of 650 telecommunications towers and associated passive telecommunications infrastructure to Unity Digital Infrastructure Inc. (“Unity”) that was announced on December 15, 2022.
First closing of the transaction was achieved today with the completion of the sale of 135 telecommunications towers to Unity. A corresponding cash consideration of PHP1.9 Billion was received by the Group.
The Master Services Agreement covering the leaseback arrangement for those towers also became effective as of today.
PLDT expects to transfer additional towers over the next few months as closing conditions are met, with all transfers expected to be completed in 2023.
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Other Relevant Information |
Please refer to the attached press release.
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.
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11. Item 9 (Other Events)
Attached herewith is the press release entitled “PLDT Group announces first closing of sale and leaseback towers deal with Unity.”
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
May 15, 2023
PLDT pressrelease
PLDT Group announces first closing of
sale and leaseback towers deal with Unity
MANILA, May 15, 2023 – PLDT Inc. (“PLDT”) (PSE: TEL) (NYSE: PHI), the country’s largest integrated telco, is pleased to announce a major milestone in connection with the sale and leaseback of 650 telecommunications towers and associated passive telecommunications infrastructure to Unity Digital Infrastructure Inc. (“Unity”) that was announced on December 15, 2022.
First closing of the transaction was achieved today with the completion of the sale of 135 telecommunications towers to Unity. A corresponding cash consideration of PHP1.9 Billion was received by the Group.
The Master Services Agreement covering the leaseback arrangement for those towers also became effective as of today.
PLDT expects to transfer additional towers over the next few months as closing conditions are met, with all transfers expected to be completed in 2023.
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:
Melissa V. Vergel de Dios | Cathy Y. Yang |
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
About Unity
Unity is a joint venture telecommunications infrastructure platform by Aboitiz InfraCapital of the Aboitiz Group and leading global private markets firm, Partners Group, acting on behalf of its clients. Unity builds and operates telecommunications towers and supporting infrastructure across the Philippines, to help local telcos boost connectivity and service reliability.
For more information, visit: www.unitydigitalinfra.com
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly authorized and caused this report to be signed on its behalf by the undersigned.
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| PLDT Inc.
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By | : | /s/ Marilyn A. Victorio-Aquino |
Name | : | Marilyn A. Victorio-Aquino |
Title | : | Corporate Secretary |
Date : May 15, 2023
