SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)

Jun 1, 2022

2. SEC Identification Number

PW55

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 CITY Postal Code 1200

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 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Press release entitled "“PLDT Group achieves first closing on landmark sale and leaseback towers deal”
Background/Description of the Disclosure
On April 19, 2022, PLDT Inc. (“PLDT), announced that its subsidiaries, Smart Communications, Inc. (“Smart”) and Digitel Mobile Philippines, Inc. (“Digitel”), had signed Sale and Purchase Agreements in connection with the sale of 5,907 telecommunication towers and related passive telecommunication infrastructure for PHP 77 billion to a subsidiary of EdgePoint and a subsidiary of edotco (the “TowerCos”). Less than one and a half months from the signing of the Sale and Purchase Agreements with TowerCos, PLDT announced today that Smart and Digitel have successfully achieved first closing by completing the sale of 3,012 telecommunication towers (representing more than half of the towers being monetized) and receiving the corresponding cash consideration of approximately PHP 39.2 billion. On the same day, the Master Services Agreements covering the leaseback arrangements for those towers became effective.
Other Relevant Information
PLDT foresees additional closings in the next few months as the transaction is staggered based on number of towers being transferred, with final closing expected by Q4 2022. As the largest ever acquisition of assets in the Philippines by international investors, this investment by international tower operators represents a strong endorsement of the country’s recovery from the pandemic and its long-term growth prospects. This pioneer undertaking also supports the Philippine Department of Information and Communications Technology’s goal of improving tower density which will lead to significant efficiencies and improved connectivity across the Philippines. Please refer to attached Press Release.