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)
Mar 8, 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 CITYPostal Code1200
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
-
-
11. Indicate the item numbers reported herein
-
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 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
Update on the U.S. Class Action
Background/Description of the Disclosure
We provide an update on the securities class action lawsuit filed in the U.S. District Court for Central District of California against PLDT Inc. (“PLDT” or the “Company”) and certain of its current and former directors and officers (“U.S. Class Action”).
On March 7, 2024, the Court presiding over the U.S. Class Action entered an order granting Plaintiff’s motion for preliminary approval of the settlement the Company entered on February 16, 2024 to resolve the action in its entirety. Among other things, the Court also approved Plaintiff’s proposed program to notify settlement class members of the settlement and set a hearing date of August 5, 2024 to address whether to grant final approval of the settlement. The Court’s preliminary approval order is the first step in the court approval process of the settlement. If finally approved by the Court at or after the August 5, 2024 hearing, the settlement will resolve the U.S. Class Action in its entirety as against all defendants.