PLDT says Smart complies with listing requirement


Posted at Mar 06 2017 12:56 PM

MANILA - PLDT Inc said Monday its unit, Smart Communications, has complied with requirements to list shares on the stock exchange.

Smart's listing obligation has been "complied with" since PLDT, which has a public float of 50 percent, owns 100 percent of the mobile company, PLDT said in a disclosure.

"As such, Smart is effectively owned by PLDT shareholders," according to the disclosure.

PLDT was commenting on a report which said that a public offering for Smart was raised during a Senate hearing on the renewal of its franchise.

PLDT shares were up 0.55 percent to P1,455 at noon Monday.