Exhibit 99.1
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Exhibit No. | Exhibit | ||
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99.1 |
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| Copies of disclosure letters that PLDT Inc. (the “Company”) filed today with the Philippine Stock Exchange, Inc. (the “PSE”), the Philippine Securities and Exchange Commission, and the Philippine Dealing and Exchange Corporation in response to the letter from the PSE dated March 8, 2024 requesting the Company to clarify information and/or to provide relevant information in relation to the news article entitled “SC: Workers servicing PLDT lines must be regularized” posted in Inquirer.net on March 8, 2024.
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March 8, 2024
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:
We refer to the letter of the PSE dated March 8, 2024 requesting PLDT Inc. (“PLDT”) to clarify information and/or to provide relevant information in relation to the news article entitled “SC: Workers servicing PLDT lines must be regularized” posted in Inquirer.net on March 8, 2024.
The news article states, in part, that:
“The Supreme Court has affirmed the Court of Appeal’s (CA) ruling in 2018 that nullified a labor department order for the Philippine Long Distance Telephone Co. (PLDT) to regularize more than 7,000 workers of its service contractors.
However, the high court affirmed the ruling which found that workers involved in the installation, repair and maintenance services of PLDT lines need to be regularized as they perform tasks necessary and directly related to the company’s business.
In a 38-page decision promulgated on Feb. 14, the Supreme Court dismissed the petition for certiorari filed by the Manggagawa sa Komunikasyon ng Pilipinas (MKP), PLDT, and former Labor Secretary Silvestre Bello III challenging the rulings of the appellate court.
Due to a dispute that arose from the negotiation of the collective bargaining agreement between MKP (the exclusive bargaining agent of PLDT’s rank-and-file employees) and the company, the two parties in 2016 sought the intervention of the Department of Labor and Employment (Dole) through a ‘Special Assessment and Visit of Establishment.’
. . . .”
We confirm that the Supreme Court upheld the Court of Appeals’ decision setting aside the order of then DOLE Secretary Silvestre Bello III to regularize 7,344 workers of PLDT’s service contractors.
With regard to those workers performing installation, repair, and maintenance functions, we clarify that the Supreme Court remanded the case to the DOLE Regional Director to determine whether or not regularization is appropriate.
We trust that the foregoing explanation clarifies matters.
Very truly yours,
/s/Mark David P. Martinez
Mark David P. Martinez
Assistant Corporate Secretary
March 8, 2024
Securities & Exchange Commission
7907 Makati Avenue, Salcedo Village,
Barangay Bel-Air, Makati 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: Mr. Antonino A. Nakpil
President and Chief Executive Officer
Gentlemen:
We furnish you with a copy of our letter dated March 8, 2024 in response to the letter of the Philippine Stock Exchange, Inc. of even date wherein PLDT Inc. was requested to clarify information and/or to provide relevant information in relation to the news article entitled “SC: Workers servicing PLDT lines must be regularized” posted in Inquirer.net on March 8, 2024.
Very truly yours,
/s/Mark David P.Martinez
Mark David P. Martinez
Assistant 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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| 11,387 As of February 29, 2024 |
| 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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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 |
________________________________________________________________
________________________________________________________________
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11. Item 9 (Other events)
Attached herewith is a copy of our letter dated March 8, 2024 in response to the letter of the Philippine Stock Exchange, Inc. of even date wherein PLDT Inc. was requested to clarify information and/or to provide relevant information in relation to the news article entitled “SC: Workers servicing PLDT lines must be regularized” posted in Inquirer.net on March 8, 2024.
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/Mark David P. Martinez
Mark David P. Martinez
Assistant Corporate Secretary
March 8, 2024
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/Mark David P. Martinez |
Name | : | Mark David P. Martinez |
Title | : | Assistant Corporate Secretary |
Date : March 8, 2024