February 26, 2003
U.S. Securities and Exchange Commission
(EDGAR FILING)
Gentlemen:
Enclosed is a copy of the disclosure letter we filed today with the Philippine Stock Exchange and the Securities and Exchange Commission regarding the confirmation of appointment of Sycip, Gorres and Velayo as auditors of Philippine Long Distance Telephone Company.
Thank you.
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Very truly yours,
PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
MA. LOURDES C. RAUSA-CHAN Corporate Secretary
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February 26, 2003 |
SECURITY CODE: CM-040 |
Philippine Stock Exchange, Inc.
Disclosure Department
4th Floor PSE Centre
Exchange Road, Ortigas Center
Pasig City
Attention: Mr. Jose G. Cervantes
Senior Vice President
Ladies and Gentlemen:
In compliance with Section 17.1(b) and Section 17.3 of the Securities Regulation Code, we submit herewith a Current Report with respect to a discloseable event/information. This shall also serve as the disclosure letter for the purpose of complying with PSE Corporate Disclosure Requirements.
Thank you.
Very truly yours,
MA. LOURDES C. RAUSA-CHAN
Corporate Secretary
February 26, 2003
SECURITIES & EXCHANGE COMMISSION
Corporate Finance Department
SEC Building, EDSA
Mandaluyong City
Attention : Atty. Justina F. Callangan
Director, Corporate Finance Department
Gentlemen:
Re : Philippine Long Distance Telephone Company
SEC Registration No. PW-55
In accordance with Section 17.1(b) of the Securities Regulation Code, we submit herewith five (5) copies of a Current Report with respect to a discloseable event/information.
Thank you.
Respectfully yours,
MA. LOURDES C. RAUSA-CHAN
Corporate Secretary
SECURITIES AND EXCHANGE COMMISSION
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
1. 26 February 2003
Date of Report (Date of earliest event reported)
2. SEC Identification Number PW-55
3. BIR Tax Identification No. 000-488-793
4. PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
Exact name of registrant as specified in its charter
5. PHILIPPINES 6. _____________ (SEC Use Only) Province, country or other jurisdiction Industry Classification Code
of Incorporation
7. Ramon Cojuangco Building, Makati Avenue, Makati City 1200
Address of principal office Postal Code
8. (632) 814-3664; 814-3552
Registrant's telephone number, including area code
9. Not Applicable
Former name or former address, if changed since last report
10. Securities registered pursuant to Sections 8 of the Securities Regulation Code
Title of Each Class Number of Shares of Common Stock
Licensed and Amount of Debt Outstanding
The PLDT Board of Directors at its regular Board meeting held today confirmed the appointment of Sycip, Gorres and Velayo (“SGV”) as auditors of PLDT; SGV is a practice member of Ernst and Young Global.
Given the change in auditors, the Board decided to forego the early release of PLDT’s preliminary unaudited results for the year ended 31st December 2002 scheduled for today and instead decided to release the 2002 annual financial results after the completion of SGV’s ongoing audit. It is expected that the audit will be completed by the next Board of Directors meeting scheduled on 25th of March 2003 allowing for the release of the 2002 final audited financial results as previously announced.
This change in release arrangements will also allow for closer alignment between the announcement of PLDT’s 2002 financial results and that of the First Pacific Group of Companies.
SIGNATURE
Pursuant to the requirements of the Securities Regulation Code, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.
PHILIPPINE LONG DISTANCE
TELEPHONE COMPANY
MA. LOURDES C. RAUSA-CHAN
Corporate Secretary
Date: 26 February 2003
Distribution Copies: 5 copies - Securities and Exchange Commission
1 copy - Philippine Stock Exchange
1 copy - Company Secretary