C00346-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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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.
Subject of the Disclosure |
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Update on the clarification submitted to the PSE on January 17, 2024 regarding the sale of the broadband business and related assets of Sky Cable Corporation to PLDT Inc. |
Background/Description of the Disclosure |
Further to the clarification we submitted to the PSE on January 17, 2024, please note that the Philippine Competition Commission (“PCC”), on January 19, 2024, allowed the sale of the broadband business and related assets of Sky Cable Corporation (“Sky”) to PLDT Inc. (“PLDT”) via the sale of 100% of Sky’s total issued and outstanding capital stock (the “Proposed Transaction”). Pursuant to our clarification, we reiterate that (1) the Proposed Transaction is still subject to other closing conditions, and (2) until all closing conditions are fulfilled, the Proposed Transaction will not be implemented. |
Other Relevant Information |
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Name | Kristine Mariz De Claro |
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Designation | Associate Attorney |