C05481-2018 |
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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Background/Description of the Disclosure |
PLDT today announced that it has signed a non-binding term sheet in relation to a potential partnership with a group of foreign investors who are interested in taking a major equity position in Voyager Innovations with significant Board and management participation. The consummation of the transaction is subject to the completion of due diligence and execution of definitive transaction documents which PLDT and the foreign investors are targeting to sign within the next four weeks. PLDT will make the requisite announcements once such definitive agreement has been reached. PLDT is looking to dilute its equity interest in Voyager to below 50%. |
Other Relevant Information |
Please refer to attachment. |
Name | Florentino Mabasa |
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Designation | First Vice President & Assistant Corporate Secretary |