C00301-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jan 19, 2024
2. SEC Identification Number
PW-55
3. BIR Tax Identification No.
000-488-793
4. Exact name of issuer as specified in its charter
PLDT Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Ramon Cojuangco Building, Makati Avenue, Makati City Postal Code 1200
8. Issuer's telephone number, including area code
(632) 8250-0254
9. Former name or former address, if changed since last report
Not Applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
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11. Indicate the item numbers reported herein
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The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PLDT Inc.TEL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Reply to the letter of the PSE dated January 19, 2024 requesting PLDT Inc. (“PLDT”) to clarify information and/or to provide relevant information in relation to the news article entitled “PLDT may allot lower capex for this year—exec” as posted in the Business Mirror (Online Edition) on January 18, 2024.
Source Business Mirror (Online Edition)
Subject of News Report “PLDT may allot lower capex for this year—exec”
Date of Publication Jan 18, 2024
Clarification of News Report

We refer to the letter of the PSE dated January 19, 2024 requesting PLDT Inc. (“PLDT”) to clarify information and/or to provide relevant information in relation to the news article entitled “PLDT may allot lower capex for this year—exec” as posted in the Business Mirror (Online Edition) on January 18, 2024.

The news article states, in part, that:

“Businessman Manuel V. Pangilinan said telco giant Philippine Long Distance Telephone Co. (PLDT) is likely to set aside a lower capital expenditure (capex) for this year.

‘In terms of fresh capex, most likely, yes, it will be lower this year compared to last year. We are getting a better idea of what is the carryover capex from the issues related to 2022. It is likely to be overall lower than in 2023,’ said Pangilinan.

. . . .

He also said the search for the next PLDT president is still ongoing. ‘We just started. It is ongoing now; it is a bit new. Too early to say who the candidates could be at this stage. It is a wide search. At this stage, I cannot tell you how many. Hopefully, before the year ends, we can find the right person.’

. . . .”

We confirm the statement of the Chairman that PLDT is eyeing a lower capex number for 2024. This is consistent with previous statements where the company indicated that it aims to sequentially reduce both the capex headline number and capex intensity, i.e., capex as a percentage of service revenues.

We will announce both the 2023 final capex amount and the 2024 capex guidance when we release our full year 2023 results in March.

We further confirm that the search for the next PLDT President and CEO is ongoing.

We trust that the foregoing explanation clarifies matters.
Other Relevant Information

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Filed on behalf by:
Name Kristine Mariz De Claro
Designation Associate Attorney