PHI PLDT Inc

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2024

(Commission File No. 1-03006)

PLDT Inc.

(Translation of registrant’s name into English)

 

Ramon Cojuangco Building

Makati Avenue

Makati City

Philippines

(Address of registrant’s principal executive office)

 

(Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.)

 

Form 20-F  Form 40-F

 

 

(Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

 

Yes No 

 

 

(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-____)

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NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

Some information in this report may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. We have based these forward-looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are identified by forward-looking words such as “believe,” “plan,” “anticipate,” “continue,” “estimate,” “expect,” “may,” “will” or other similar words.

A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We have chosen these assumptions or bases in good faith. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the risk factors set forth in “Item 3. Key Information – Risk Factors” in our annual report on Form 20-F for the fiscal year ended December 31, 2022. You should also keep in mind that any forward-looking statement made by us in this report or elsewhere speaks only as at the date on which we made it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the statements in this report after the date hereof. In light of these risks and uncertainties, you should keep in mind that actual results may differ materially from any forward-looking statement made in this report or elsewhere.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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EXHIBIT INDEX

 

 

Exhibit Number Page

 

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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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.

PLDT Inc.
By:	/s/Mark David P. Martinez
Name:	Mark David P. Martinez
Title:	Assistant Corporate Secretary

Date: March 8, 2024

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Exhibit 99.1

Exhibit No.		Exhibit
99.1			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.

 

 

 

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Very truly yours,

 

/s/Mark David P. Martinez

Mark David P. Martinez

Assistant Corporate Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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.

 

 

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COVER SHEET

SEC Registration Number
P	W	-	5	5

Company Name

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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

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COMPANY INFORMATION

	Company’s Email Address		Company’s Telephone Number/s		Mobile Number
	No. of Stockholders		Annual Meeting Month/Day		Fiscal Year Month/Day
	11,387 As of February 29, 2024		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.

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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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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.

 

 

 

 

		PLDT Inc.
By	:	/s/Mark David P. Martinez
Name	:	Mark David P. Martinez
Title	:	Assistant Corporate Secretary

Date : March 8, 2024

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