C07346-2020 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Stock at 1.00 per share | 1,500,000,000 |
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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Filing of a Petition for Review with the Supreme Court |
Background/Description of the Disclosure |
PT&T filed a Petition for Review with the Supreme Court from a Decision rendered by the Court of Appeals. |
Name of the court or agency in which the proceedings are pending | Supreme Court |
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Date Instituted | Oct 20, 2020 |
Docket Number | G.R. No. 253246 |
Principal Parties |
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PT&T, Court of Appeals, and National Telecommunications Commission |
Nature and description of the legal proceedings |
PT&T filed an appeal with the Supreme Court to assail the Decision of the Court of Appeals on the amount of the Supervision and Regulation Fee (SRF) that the National Telecommunications Commission (NTC) is collecting from PT&T. While the Court of Appeals required NTC to re-compute the SRF to be collected from PT&T, the Court of Appeals nevertheless affirmed the incorrect assumption by NTC on the amount of PT&T’s paid-up capital. This is relevant since the amount of the SRF is computed based on PT&T’s paid-up capital. |
The effect(s) on the Issuer's business or operations, if any |
None. |
Other Relevant Information |
None. |
Name | Kenneth Joey Maceren |
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Designation | Legal Counsel |