C00342-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 899,848,111 |
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Subject of the Disclosure |
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Update on Sale by ABS-CBN Corporation of its interest in Sky Cable Corporation |
Background/Description of the Disclosure |
The Philippine Competition Commission (PCC), on January 19, 2024, allowed the sale of Sky Cable's broadband business and related assets to PLDT via the sale of 100% of Sky’s total issued and outstanding capital stock (the “Proposed Transaction”). The Proposed Transaction is, however, still subject to a number of closing conditions. ABS-CBN will disclose material information to update the disclosure made to the exchange on March 16, 2023 once they become available. |
Other Relevant Information |
This is to amend the date from January 19, 2023, to January 19, 2024. |
Name | Paul Michael Villanueva Jr. |
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Designation | Chief Risk Management Officer, Chief Compliance Officer & Head, ABS-CBN Shared Service Center |