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)

Mar 19, 2021

2. SEC Identification Number

21817

3. BIR Tax Identification No.

000-530-631

4. Exact name of issuer as specified in its charter

PHILIPPINE TELEGRAPH & TELEPHONE CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

SCC Bldg., 106 C. Palanca, Legazpi Village Makati City Postal Code 1229

8. Issuer's telephone number, including area code

63287268888

9. Former name or former address, if changed since last report

N/A

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
Common Stock @ P1.00 par value	1,500,000,000

11. Indicate the item numbers reported herein

Item 9. Other

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.

Philippine Telegraph and Telephone CorporationPTT

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Authorized Capital Stock of PT&T
Background/Description of the Disclosure
In a meeting held on 19 March 2021, the Board of Directors authorized the management to commence discussion with the Securities and Exchange Commission (SEC) to propose the possible reversal by the SEC of the previously approved increase in PT&T's authorized capital. The authorized capital of PT&T was increased to accommodate the conversion of its debts to equity as mandated under its Rehabilitation Plan. Considering the nature of the documentary requirements imposed by the SEC in converting the debts to equity, PT&T deems it proper to first address the said documentary requirements before implementing any debt-to-equity conversion and increase in its authorized capital. This proposal of PT&T will not affect the provisions of its Rehabilitation Plan. The debt-to-equity conversion mandated under the Rehabilitation Plan will still be implemented by PT&T but the same will be done in several tranches or every time PT&T completes the documentary requirements imposed by the SEC.
Other Relevant Information
None.