PLDT (PHI) 6-K 6-K Press Release Entitled "PLDT Group Achieves First Closing on Landmark Sale and Leaseback Towers Deal".

 

Exhibit 99.1

EXHIBITS

Exhibit Number		Page
99.1	Copies of the disclosure letters that we filed today with the Philippine Securities and Exchange Commission and the Philippine Stock Exchange regarding a press release entitled “PLDT Group achieves first closing on landmark sale and leaseback towers deal”.

  

June 1, 2022

Philippine Stock Exchange

6/F Philippine Stock Exchange Tower

28^th Street corner 5^th 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 first closing on landmark sale and leaseback towers deal”. We have attached copy of the press release to the aforementioned forms.

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

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)

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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
11,495 As of April 30, 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.	June 1, 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 first closing on landmark sale and leaseback towers deal

Background/Description of the Disclosure

On April 19, 2022, PLDT Inc. (“PLDT), announced that its subsidiaries, Smart Communications, Inc. (“Smart”) and Digitel Mobile Philippines, Inc. (“Digitel”), had signed Sale and Purchase Agreements in connection with the sale of 5,907 telecommunication towers and related passive telecommunication infrastructure for PHP 77 billion to a subsidiary of EdgePoint and a subsidiary of edotco (the “TowerCos”).

Less than one and a half months from the signing of the Sale and Purchase Agreements with TowerCos, PLDT announced today that Smart and Digitel have successfully achieved first closing by completing the sale of 3,012 telecommunication towers (representing more than half of the towers being monetized) and receiving the corresponding cash consideration of approximately PHP 39.2 billion. On the same day, the Master Services Agreements covering the leaseback arrangements for those towers became effective.

Other Relevant Information

PLDT foresees additional closings in the next few months as the transaction is staggered based on number of towers being transferred, with final closing expected by Q4 2022.

As the largest ever acquisition of assets in the Philippines by international investors, this investment by international tower operators represents a strong endorsement of the country’s recovery from the pandemic and its long-term growth prospects. This pioneer undertaking also supports the Philippine Department of Information and Communications Technology’s goal of improving tower density which will lead to significant efficiencies and improved connectivity across the Philippines.

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 first closing on landmark sale and leaseback towers deal”

Background/Description of the Disclosure

On April 19, 2022,  PLDT Inc. (“PLDT), announced that its subsidiaries, Smart Communications, Inc. (“Smart”) and Digitel Mobile Philippines, Inc. (“Digitel”), had signed Sale and Purchase Agreements in connection with the sale of 5,907 telecommunication towers and related passive telecommunication infrastructure for PHP 77 billion to a subsidiary of EdgePoint and a subsidiary of edotco (the “TowerCos”).

Less than one and a half months from the signing of the Sale and Purchase Agreements with TowerCos, PLDT announced today that Smart and Digitel have successfully achieved first closing by completing the sale of 3,012 telecommunication towers (representing more than half of the towers being monetized) and receiving the corresponding cash consideration of approximately PHP 39.2 billion. On the same day, the Master Services Agreements covering the leaseback arrangements for those towers became effective.

Other Relevant Information

PLDT foresees additional closings in the next few months as the transaction is staggered based on number of towers being transferred, with final closing expected by Q4 2022.

As the largest ever acquisition of assets in the Philippines by international investors, this investment by international tower operators represents a strong endorsement of the country’s recovery from the pandemic and its long-term growth prospects. This pioneer undertaking also supports the Philippine Department of Information and Communications Technology’s goal of improving tower density which will lead to significant efficiencies and improved connectivity across the Philippines.

Please refer to 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

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 Month/Day	Fiscal Year Month/Day
11,495 As of April 30, 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. June 1, 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 first closing on 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

June 1, 2022

  

PLDT Group achieves first closing
on landmark sale and leaseback towers deal

MANILA, June 1, 2022 – The country’s largest integrated telco, PLDT Inc. (“PLDT”) (PSE: TEL) (NYSE: PHI), announced last April 19, 2022 that its subsidiaries, Smart Communications, Inc. (“Smart”) and Digitel Mobile Philippines, Inc. (“Digitel”), had signed Sale and Purchase Agreements in connection with the sale of 5,907 telecom towers and related passive telecom infrastructure for PHP 77 billion to a subsidiary of EdgePoint and a subsidiary of edotco (the “TowerCos”).

Less than one and a half months from the signing of those Sale and Purchase Agreements, PLDT announced today that Smart and Digitel have successfully achieved first closing by completing the sale of 3,012 telecom towers (representing more than half of the towers being monetized) and receiving the corresponding cash consideration of approximately PHP 39.2 billion. On the same day, the Master Services Agreements covering the leaseback arrangements for those towers became effective.

As the largest ever acquisition of assets in the Philippines by international investors, this investment by international tower operators represents a strong endorsement of the country’s recovery from the pandemic and its long-term growth prospects. This pioneer undertaking also supports the Philippine Department of Information and Communications Technology’s goal of improving tower density which will lead to significant efficiencies and improved connectivity across the Philippines.

PLDT foresees additional closings in the next few months as the transaction is staggered based on number of towers being transferred, with final closing expected by Q4 2022.

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:  June 1, 2022