PLDT (PHI) 6-K 6-K Discloseable Event/information

 

Exhibit 99.1

EXHIBITS

Exhibit Number		Page
99.1	Copies of the disclosure letters that we filed today with the Securities and Exchange Commission and the Philippine Stock Exchange regarding a discloseable event/information.

  

August 10, 2018

Philippine Stock Exchange

6/F Philippine Stock Exchange Tower

28^th Street corner 5^th Avenue

Bonifacio Global City, Taguig City

Attention: Ms. Janet A. Encarnacion

Head, Disclosure Department

Gentlemen:

In compliance with Section 17.1 (b) of the Securities Regulation Code and SRC Rule 17.1.1.1.3(b).2, we submit herewith a copy of SEC Form 17-C regarding a discloseable event/information.

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

Very truly yours,

/s/Melissa V. Vergel De Dios

MELISSA V. VERGEL DE DIOS

FVP and Head-Investor Relations

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August 10, 2018

Securities & Exchange Commission

Secretariat Building, PICC Complex

Roxas Boulevard, Pasay City

Attention: Mr. Vicente Graciano P. Felizmenio, Jr.

Director – Markets and Securities Regulation Dept.

Gentlemen:

In compliance with Section 17.1 (b) of the Securities Regulation Code and SRC Rule 17.1.1.1.3(a), we submit herewith two (2) copies of SEC Form 17-C regarding a discloseable event/information.

Very truly yours,

/s/Melissa V. Vergel De Dios

MELISSA V. VERGEL DE DIOS

FVP and Head-Investor Relations

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COVER SHEET

SEC Registration Number
P	W	-	5	5

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

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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
	8168534

No. of Stockholders	Annual Meeting Month/Day	Fiscal Year Month/Day
11,681 As of July 31, 2018	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
Ma. Lourdes C. Rausa-Chan	lrchan@pldt.com.ph	8168553
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.

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SECURITIES AND EXCHANGE COMMISSION

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

1.	August 10, 2018
	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, Makati City	1200
	Address of principal office	Postal Code
8.	(632) 816-8553
	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

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11.  Item 9 (Other Events)

PLDT today announced that it has signed a non-binding term sheet in relation to a potential partnership with a group of foreign investors who are interested in taking a major equity position in Voyager Innovations with significant Board and management participation.  The consummation of the transaction is subject to the completion of due diligence and execution of definitive transaction documents which PLDT and the foreign investors are targeting to sign within the next four weeks.  PLDT will make the requisite announcements once such definitive agreement has been reached.  PLDT is looking to dilute its equity interest in Voyager to below 50%.

As the transaction is expected to cross the prescribed thresholds of the Philippine Competition Commission (PCC), namely, P1 billion in transaction value and an acquisition of more than a 35% stake, closing of the transaction will thus be subject to receiving the requisite PCC approval.

 It is expected that as a result of this transaction, Voyager will benefit from the infusion of new funding that would enable it to achieve scale faster.  Further, whilst it is anticipated that PLDT will remain the largest single shareholder in Voyager, PLDT will be able to lower its share of equity losses recognized from Voyager and reduce the amount of funding it needs to set aside to grow Voyager.  This would allow PLDT to conserve its cash for its telco operations.  Subject to the final terms to be agreed upon with the new investor group, PLDT expects that the disposal will result in an accounting gain for PLDT.”

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/Melissa V. Vergel De Dios

MELISSA V. VERGEL DE DIOS

FVP and Head-Investor Relations

August 10, 2018

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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/ Ma. Lourdes C. Rausa-Chan
Name	:	Ma. Lourdes C. Rausa-Chan
Title	:	Senior Vice President and Corporate Secretary

Date:  August 10, 2018