SECURITIES  AND  EXCHANGECOMMISSION

Washington,D.C.  20549

 

FORM  6 -K

 

REPORT  OF  FOREIGN  PRIVATE  ISSUER

PURSUANT  TO  RULE  13a-16  or  15d-16  OF

THE  SECURITIES  EXCHANGE  ACT  OF  1934

 

Report  on  Form  6-K  dated  September 2, 2003

(Commission  File  No.  1-15024)

 

 

 

PHILIPPINE  LONG  DISTANCE  TELEPHONE  COMPANY

(Name of Registrant)

 

Ramon Cojuangco Building
Makati Avenue, Makati City

Philippines       0721

(Address of Principal Executive Officers)

 

 

Indicate by check mark whether the registrant files or will file annual reportsunder cover of Form 20-F or Form 40-F:

 

Form 20-F:  y                        Form 40-F:  o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper aspermitted by Regulation S-T Rule 101 (b) (1):

 

Yes:  o                                    No:  y

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper aspermitted by Regulation by Regulation S-T Rule 101 (b) (7):

 

Yes:  o                                    No:  y

Indicate by check mark whether the registrant by furnishing the informationcontained in this form is also thereby furnishing the information to theCommission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of1934:

 

                     Yes:  o                                    No:  y

 

 

 

 

 

 

 

 

 

 

 

Enclosure:

 

 

 

A copy of the disclosure letter we sent today to thePhilippine Stock Exchange and the Securities and Exchange Commission regardingcash dividend declaration on the Company’s Series B, F, Q, V, Z, E, K, O and U10% Cumulative Convertible Preferred Stock, Series III Convertible PreferredStock, Series IV Cumulative Non-Convertible Redeemable Preferred Stock andSeries V, VI and VII Convertible Preferred Stock.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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September 2, 2003

 

Philippine Stock Exchange

4/F Philippine Stock Exchange Center

Exchange Road, Ortigas Center

Pasig City

 

Attention:   Atty. Jose G.Cervantes

     SeniorVice President
 

Gentlemen:

 

            In compliance with the disclosurerequirements of the Philippine Stock Exchange, we advise that during themeeting of the Board of Directors of our Company on September 2, 2003, thefollowing cash dividends were declared:

 

1.        P1.00 peroutstanding share of the Company’s Series B 10% Cumulative ConvertiblePreferred Stock, for the annual period ending August 31, 2003, payable onSeptember 30, 2003 to the holders of record on September 16, 2003.

 

2.        P1.00 peroutstanding share of the Company’s Series F 10% Cumulative ConvertiblePreferred Stock, for the annual period ending August 31, 2003, payable onSeptember 30, 2003 to the holders of record on September 16, 2003.

 

3.        P1.00 per outstandingshare of the Company’s Series Q 10% Cumulative Convertible Preferred Stock, forthe annual period ending August 31, 2003, payable on September 30, 2003 to theholders of record on September 16, 2003.

 

4.        P1.00 peroutstanding share of the Company’s Series V 10% Cumulative ConvertiblePreferred Stock, for the annual period ending August 31, 2003, payable onSeptember 30, 2003 to the holders of record on September 16, 2003.

 

5.        P1.00 peroutstanding share of the Company’s Series Z 10% Cumulative ConvertiblePreferred Stock, for the annual period ending August 31, 2003, payable onSeptember 30, 2003 to the holders of record on September 16, 2003.

 

6.        P1.00 peroutstanding share of the Company’s Series E 10% Cumulative ConvertiblePreferred Stock, for the annual period ending September 30, 2003, payable onOctober 31, 2003 to the holders of record on September 25, 2003.

 

7.        P1.00 peroutstanding share of the Company’s Series K 10% Cumulative ConvertiblePreferred Stock, for the annual period ending September 30, 2003, payable onOctober 31, 2003 to the holders of record on September 25, 2003.

 

8.        P1.00 peroutstanding share of the Company’s Series O 10% Cumulative ConvertiblePreferred Stock, for the annual period ending September 30, 2003, payable onOctober 31, 2003 to the holders of record on September 25, 2003.

 

9.        P1.00 peroutstanding share of the Company’s Series U 10% Cumulative ConvertiblePreferred Stock, for the annual period ending September 30, 2003, payable onOctober 31, 2003 to the holders of record on September 25, 2003.

 

10.    $1.029412per outstanding share of the Company’s Series III Convertible Preferred Stock,payable on October 15, 2003 to the holders of record on September 25, 2003.

 

11.    P12,420,000.00on the Company’s Series IV Cumulative Non-Convertible Redeemable PreferredStock, payable on September 15, 2003 to the holders of record on September 12,2003.

 

12.    P4.675 peroutstanding share of the Company’s Series V Convertible Preferred Stock,payable on October 15, 2003 to the holders of record on September 19, 2003.

 

13.    $.09925 peroutstanding share of the Company’s Series VI Convertible Preferred Stock,payable on October 15, 2003 to the holders of record on September 19, 2003.

 

14.    JY10.179725per outstanding share of the Company’s Series VII Convertible Preferred Stock,payable on October 15, 2003 to the holders of record on September 19, 2003.

 

            Thank you.

 

             Verytruly yours,

 

 

 

MA. LOURDES C. RAUSA-CHAN
     Corporate Secretary

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**COVER SHEET**

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**S.E.C. Registration No.**

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**(Company’s Full Name)**

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**(Business Address: No. Street City/Town/Province)**

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**ATTY. MA. LOURDES C. RAUSA-CHAN**

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**814-3552**

ContactPerson                          Company Telephone Number

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**DIVIDEND ADVICE**

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**Every 2nd**

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**MonthDay                                                        FORMTYPE                                                               Month     Day**

**FiscalYearAnnual Meeting**

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**N/A**

**Dept. Requiring this Doc.                                                                AmendedArticles  Number/Section**

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**Total Amount of Borrowings**

**2,206,877**

**As of June 30, 2003**

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N/A

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N/A

**Total No. of StockholdersDomestic                                           Foreign**

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To be accomplished by SEC Personnelconcerned
 

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**File Number                                                                       ____________________________________**

**LCU**

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**Document I.D.                                                                    ____________________________________**

**Cashier**

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STAMPS
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**Remarks: Please use black ink for scanning purposes.**

 

 

**SECURITIES AND EXCHANGE COMMISSION**

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**CURRENT REPORT UNDER SECTION 17**

**OF THE SECURITIES REGULATION CODE**

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1. September 2,2003__________

****Date of Report (Date of earliestevent reported)

 

2.SEC Identification Number _____PW-55 ____   3.  BIR Tax IdentificationNo. ____000-488-793   ___

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4.Philippine Long Distance Telephone Company            ______________________________________

****Exact name of registrant asspecified in its charter

 

5.  Philippines        ___________________________            6.            (SEC Use Only)

Province, country or other jurisdiction orIndustry Classification Code:

Incorporation

 

7.Makati Avenue, Makati City, Philippines           ____________________________________

Address of principal officePostal Code

 

8.(632) 814-3664    ___________________________________________________________________

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 and 12 of the SecuritiesRegulation Code

 

Title of Each Class                                 Numberof Shares of Common Stock

Outstanding and Amount of Debt Outstanding

 

____________________________________________________________________________________

 

____________________________________________________________________________________

 

____________________________________________________________________________________

 

11.Indicate the item numbers reported herein: _____________________________________________

 

 

 

 

 

 

 

 

 

 

 

In compliance withSection 17.1 (b) of the Securities Regulation Code, we disclose that the Boardof Directors of the Company, at its meeting held on September 2, 2003 declaredthe following cash dividends:

 

1.     P1.00 peroutstanding share of the Company’s Series B 10% Cumulative ConvertiblePreferred Stock, for the annual period ending August 31, 2003, payable onSeptember 30, 2003 to the holders of record on September 16, 2003.

 

2.     P1.00 peroutstanding share of the Company’s Series F 10% Cumulative ConvertiblePreferred Stock, for the annual period ending August 31, 2003, payable onSeptember 30, 2003 to the holders of record on September 16, 2003.

 

3.     P1.00 peroutstanding share of the Company’s Series Q 10% Cumulative ConvertiblePreferred Stock, for the annual period ending August 31, 2003, payable onSeptember 30, 2003 to the holders of record on September 16, 2003.

 

4.     P1.00 peroutstanding share of the Company’s Series V 10% Cumulative ConvertiblePreferred Stock, for the annual period ending August 31, 2003, payable onSeptember 30, 2003 to the holders of record on September 16, 2003.

 

5.     P1.00 peroutstanding share of the Company’s Series Z 10% Cumulative ConvertiblePreferred Stock, for the annual period ending August 31, 2003, payable onSeptember 30, 2003 to the holders of record on September 16, 2003.

 

6.     P1.00 peroutstanding share of the Company’s Series E 10% Cumulative ConvertiblePreferred Stock, for the annual period ending September 30, 2003, payable onOctober 31, 2003 to the holders of record on September 25, 2003.

 

7.     P1.00 peroutstanding share of the Company’s Series K 10% Cumulative ConvertiblePreferred Stock, for the annual period ending September 30, 2003, payable onOctober 31, 2003 to the holders of record on September 25, 2003.

 

8.     P1.00 peroutstanding share of the Company’s Series O 10% Cumulative ConvertiblePreferred Stock, for the annual period ending September 30, 2003, payable onOctober 31, 2003 to the holders of record on September 25, 2003.

 

9.     P1.00 peroutstanding share of the Company’s Series U 10% Cumulative ConvertiblePreferred Stock, for the annual period ending September 30, 2003, payable onOctober 31, 2003 to the holders of record on September 25, 2003.

 

10. $1.029412per outstanding share of the Company’s Series III Convertible Preferred Stock,payable on October 15, 2003 to the holders of record on September 25, 2003.

 

11. P12,420,000.00on the Company’s Series IV Cumulative Non-Convertible Redeemable PreferredStock, payable on September 15, 2003 to the holders of record on September 12,2003.

 

12. P4.675 peroutstanding share of the Company’s Series V Convertible Preferred Stock,payable on October 15, 2003 to the holders of record on September 19, 2003.

 

13. $.09925 peroutstanding share of the Company’s Series VI Convertible Preferred Stock,payable on October 15, 2003 to the holders of record on September 19, 2003.

 

14. JY10.179725per outstanding share of the Company’s Series VII Convertible Preferred Stock,payable on October 15, 2003 to the holders of record on September 19, 2003.

 

 

            Pursuant to therequirements of the Securities Regulation Code, the Company has duly causedthis Report to be signed on its behalf by the undersigned hereunto dulyauthorized.

 

 

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
 

 

By:

 

MA. LOURDES C. RAUSA-CHAN

Corporate Secretary

 

September 2, 2003

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SIGNATURES

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            Pursuant tothe requirements of the Securities Exchange Act of 1934, the registrant hadduly caused this report to be signed on its behalf by the undersigned,thereunto duly authorized.

 

 

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY

 

 

 

By:  MA. LOURDES C. RAUSA-CHAN

Corporate Secretary
 

 

 

Date:  September2, 2003