SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of May 2024
Commission File Number 1-03006
PLDT Inc.
(Exact Name of Registrant as Specified in Its Charter)
Ramon Cojuangco Building
Makati Avenue
Makati City
Philippines
(Address of principal executive offices)
(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- ________ )
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, 2023. 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.
EXHIBITS
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Copy of the disclosure letter that PLDT Inc. (the “Company”) filed on May 20, 2024 with the Philippine Stock Exchange and the Philippine Securities and Exchange Commission in connection the press release entitled “PLDT ready to negotiate with Union at the right time; planned strike has no valid basis.” |
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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.
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PLDT Inc. |
By : /s/Mark David P. Martinez Name : Mark David P. Martinez Title : Assistant Corporate Secretary Date : May 20, 2024 |
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Exhibit 99.1
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Exhibit No. |
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Exhibit |
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99.1 |
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Copy of the disclosure letter that PLDT Inc. (the “Company”) filed on May 20, 2024 with the Philippine Stock Exchange and the Philippine Securities and Exchange Commission in connection the press release entitled “PLDT ready to negotiate with Union at the right time; planned strike has no valid basis.” . |
May 20, 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
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
Gentlemen:
In compliance with the PSE’s Revised Disclosure Rules, we submit herewith a press release entitled “PLDT ready to negotiate with Union at the right time; planned strike has no valid basis.”
This submission shall also serve as our compliance with Section 17.1 of the Securities Regulation Code regarding the filing of reports on significant developments.
Very truly yours,
/s/Mark David P. Martinez
Mark David P. Martinez
Assistant Corporate Secretary
PLDT Inc.
COVER SHEET
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Secondary License Type, If Applicable |
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COMPANY INFORMATION
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11,387 As of April 30, 2024 |
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Every 2nd Tuesday of June |
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December 31 |
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CONTACT PERSON INFORMATION
The designated contact person MUST be an Officer of the Corporation
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Name of Contact Person |
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Telephone Number/s |
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Marilyn A. Victorio-Aquino |
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mvaquino@pldt.com.ph |
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82500254 |
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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.
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)
2.SEC Identification Number PW-55
3.BIR Tax Identification No. 000-488-793
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
10.Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act
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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 press release entitled “PLDT ready to negotiate with Union at the right time; planned strike has no valid basis.”
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
May 20, 2024
PLDT pressrelease
PLDT ready to negotiate with Union at the right time; planned strike has no valid basis
MANILA, 20 May 2024 – PLDT Inc. (“PLDT”) (PSE: TEL) (NYSE: PHI): “The time to sit down and start collective bargaining with Manggagawa sa Komunikasyon ng Pilipinas (MKP) is in September 2024, not today”. This is the position of PLDT Management, referring to the demand of MKP, the exclusive bargaining representative of the rank-and-file employees of PLDT and with which PLDT has an existing collective bargaining agreement (CBA), to commence negotiations now. The CBA will expire on November 8, 2024.
MKP sent PLDT Management on February 20, 2024 their "Notice to Negotiate & Submission of Statement of Proposals". This was followed by MKP’s filing of a notice of strike on April 5, 2024 on the ground of PLDT’s alleged refusal to bargain. The members of MKP reportedly conducted a strike vote on May 14 and 15, 2024, with a majority voting in favor of the strike.
Under the Labor Code, the parties are tasked to meet and negotiate the renewal or modification of the terms of the CBA at least 60 days prior to its expiry – the so-called freedom period – which, in this case, will begin in the first week of September, or more than three (3) months from now and almost seven (7) months from the time they first sent the Notice to Negotiate. Until then, the Labor Code obligates both PLDT and MKP to respect the current CBA to preserve industrial peace.
PLDT Management, speaking through People Group First Vice President JM Co, clarified that refusal to bargain as an unfair labor practice refers to such arbitrary refusal to negotiate, which is not the case here, because PLDT remains “willing and able to negotiate with MKP at the right time”, that is, during the freedom period. Thus, according to Co, “it is PLDT’s position that a strike conducted on this ground has no valid basis. This is supported by law and the parties’ rich bargaining history over the past 30 years.”
PLDT respects its workers’ rights to self-organization within the bounds of law.
Management urges all concerned to work together to achieve PLDT’s business targets and ensure that the basic right of its subscribers to connectivity are provided and remain paramount during this time.
PLDT’s commitment to their people and subscribers remains unwavering.
XX
This press release may contain some statements which constitute “forward-looking statements” that are subject to a number of risks and opportunities that could affect PLDT’s business and results of operations. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.
For further information, please contact:
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Melissa V. Vergel de Dios |
Cathy Y. Yang |
pldt_ir_center@pldt.com.ph |
cyyang@pldt.com.ph |
About PLDT
PLDT is the Philippines’ largest fully integrated telco company. Through its principal business groups – from fixed line to wireless – PLDT offers a wide range of telecommunications and digital services across the Philippines’ most extensive fiber optic backbone, and fixed line and cellular networks.
PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine-listed companies.
For more information, visit: www.pldt.com
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.
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PLDT Inc. |
By |
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/s/Mark David P. Martinez |
Name |
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Mark David P. Martinez |
Title |
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Assistant Corporate Secretary |
Date : May 20, 2024
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