PLDT Inc. (“PLDT”) (PSE: TEL) (NYSE: PHI) today announced that PLDT Online Investments Pte. Ltd. (“PLDT Online”), an indirect subsidiary, has committed to accept the public share purchase offer of Rocket Internet SE (“Rocket”) for at least 6,800,000 shares, or approximately 67.4% of the total number of Rocket shares directly held by PLDT Online.

Rocket earlier announced the buyback of up to 15,472,912 Rocket shares through a public share purchase offer against payment of an offer price in the amount of EUR 24 per share.

PLDT, through PLDT Online, currently has a 6.1% ownership stake in Rocket.

The final number of PLDT Online tendered shares accepted by Rocket will be determined after the offer period which is expected to end on 2nd May 2018. If greater than 15,472,912 Rocket shares are tendered, the Rocket shares to be sold by PLDT Online will be reduced proportionally.