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Corporate profile navigation (About)

  • Corporate Profile
  • Mission, Vision, Values and Principles
  • History
  • Guiding Leadership
  • Organizational Structure
  • Meralco Shareholding Structure
  • Articles of Incorporation and By Laws
  • Awards and Citations

Thank you for your interest in instituting good governance practice in Meralco

If you are aware of any violation of the following corporate governance rules, committed by any our directors, officers or employees, related to the following:

  • Violation of the Corporate Governance Rules
  • Violation of the Code of Ethics and Company Code of Employee Discipline or other similar codes
  • Financial Malfeasance including those relating to financial fraud and questionable accounting and auditing matters

Kindly fill out the appropriate forms (click to download) and submit to any of the CG communication channels

eReport Mo Form Anti-Retaliation Form

Meralco Shareholding Structure

Principal / Substantial Stockholders

NAME DIRECT INDIRECT TOTAL DIRECT & INDIRECT SHARES % TO TOTAL OUTSTANDING SHARES
Beacon Electric Asset Holdings, Inc. 394,059,235 0 394,059,235 34.96%
JG Summit Holdings, Inc. 333,189,397 0 333,189,397 29.56%
Metro Pacific Investments Corp. 118,345,366 0 118,345,366 10.50%
Total 845,593,998 0 845,593,998 75.02%


Strategic Stockholders

NAME DIRECT INDIRECT TOTAL DIRECT & INDIRECT SHARES % TO TOTAL OUTSTANDING SHARES
First Phil. Holdings Corp. 44,382,436 0 44,382,436 3.94%
First Phil. Utilities Corp. 93,270 0 93,270 0.01%
Total 44,475,706 0 44,475,706 3.95%

The remaining 21.03% are held by institutional investors, Directors, Officers and employees of the Company, and other investors (individuals and corporations).
 

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Shareholding Structure Download PDF

 

Corporate Information Solutions, Inc. (CIS)

Corporate Information Solutions, Inc. (CIS)

Incorporated in 1974, Corporate Information Solutions aims to provide information technology services and integrated business solutions to enterprise clients. The company is wholly owned by Meralco and offers the largest network of bills payment collections service in the Philippines, operating nationwide with more than 1,700 branches, under the brand name "Bayad Center" .
Meralco Energy, Inc.

Meralco Energy, Inc.

Established in 1999, Meralco Energy provides electrical testing, emergency troubleshooting, and electrical equipment supply and installation.
eMeralco Ventures

eMeralco Ventures

eMVI is a wholly-owned subsidiary of Meralco, operating a telecommunications infrastructure anchored on a 2,000-km fiber optic network within the Meralco franchise area. It offers data connectivity solutions to local and international carriers, internet service providers, data centers and other businesses.
Meralco Financial Services Corp. 

Meralco Financial Services Corp. 

Finserve was established in 2002 to enhance Meralco’s shareholder value creation and expand customer service through innovative consumer and customer-based products and services that support Meralco’s core business.
Republic Surety and Insurance Company, Inc.

Republic Surety and Insurance Company, Inc.

RSIC is a professional non-life insurance company and a wholly-owned subsidiary of Meralco. It was acquired in 2007 to align with Meralco’s recognition of the imperative for a disciplined approach in managing its risk exposures.
Lighthouse Overseas Insurance Limited

Lighthouse Overseas Insurance Limited

LOIL, Meralco’s wholly-owned subsidiary and captive reinsurer, is registered as a Class 1 insurer under The Bermuda InsuranceAct 1978 and Related Regulations. LOIL was incorporated in Bermuda in 2007 and received its license to operate in the territory in 2008. Together with Republic Surety and Insurance Company, Inc., LOIL plays a major role in Meralco’s business risk management model. LOIL serves as the vehicle to reinsure Meralco’s major catastrophic risk exposure.
Meralco PowerGen Corporation

Meralco PowerGen Corporation

MGen is a wholly-owned subsidiary of Meralco. MGen’s mission is to develop highly cost-competitive and reliable power plants, and ensure the provision of adequate, reliable and affordable power to residential, commercial and industrial customers in the Meralco franchise area, and in other areas that may benefit from its supply of power.
Indra Philippines, Inc.

Indra Philippines, Inc.

Indra, which has been operating in the Philippines since 1996, specializes in software development, systems integration and implementation for 3rd party solutions, management consulting and technology outsourcing.
Bauang Private Power Corporation 

Bauang Private Power Corporation

The 225-MW Bauang medium-speed bunker-fired diesel power plant was developed by First Private Power Corporation (FPPC), a company established jointly by Meralco, FPHC, PCI Capital and JG Summit Holdings, Inc. (JG Summit) in October 1992 for the purpose of undertaking private power projects.
General Electric Philippines Meter and Instrument Company, Inc. 

General Electric Philippines Meter and Instrument Company, Inc.

GE Philippines Meter & Instrument Co., Inc. (GEPMICI) is a joint venture with power utility giant, Manila Electric Company (Meralco).
The business serves the Philippine and Japan markets for ANSI (American National Standards Institute)-type watt hour meters.
Rockwell Business Center 

Rockwell Business Center

Rockwell Business Center offers tenants business class services and amenities to bring a new level of luxury to office spaces.
Clark Electric Distribution Corp. 

Clark Electric Distribution Corp.​ 

Clark Electric Distribution Corporation is the sole electric distribution company in the Clark Special Economic Zone. It is a joint venture
between Angeles Electric Corp. and Meralco Industrial Engineering Corp. (MIESCOR).
Meralco Industrial Engineering Services Corp.

Meralco Industrial Engineering Services Corp.

Miescor, a holder of the highest contractor license Category AAA since 1982, is a contractor-specialist engaged in engineering,
construction and maintenance activities related to power generation, transmission and distribution, as well as industrial plants,
water resources and telecommunications.
 
MIESCORRail 

MIESCORRail

Comstech Integration Alliance, Inc. (Comstech)

Comstech Integration Alliance, Inc. (Comstech)

Comstech Integration Alliance, Inc. (Comstech) was established in 2008. The company's primary purpose is to invest in, operate or act as managers or managing agents of corporation and other entities engaged in electricity generation and distribution, hydropower or related businesses.

 

Shareholding Structure

The Company’s shares are held directly by the foregoing named shareholders. There is no known holding or crossholding of shares. There is no pyramid shareholding structure within the Group.
 

Rights and Equitable Treatment of Shareholders

The Company treats its shareholders in an equitable manner and upholds their statutory rights, including the right to participate and vote in matters concerning:
 

  • Changes in the Company’s constitutional documents, such as amendments to its Articles of Incorporation or By-laws;
  • Authorization for issuance of new shares or sale or transfer of the Company’s substantial or major assets;
  • Annual General Meeting (AGM);
  • Election of members of the board of directors and board remuneration; and
  • Appointment of external auditors.
     

Dividend Policy

The Company’s dividend policy calls for the payment of regular cash dividends equivalent to 50% of core earnings for the year with a “look-back” basis, which allows the Company to pay special dividends of up to 50% of the core earnings for the year, subject to availability of unrestricted retained earnings and cash, in accordance with the guidelines of the Securities and Exchange Commission (SEC).

On June 19, 2013, Meralco was ranked 4th among the top Philippine corporations which received the distinction of being the “Most Committed to a Strong Dividend Policy” in a recent investor poll done by Hong Kong-based publication, FinanceAsia. This manifests the investors’ recognition of how the Company upholds its shareholders rights through regular pay-out of dividends.
 

Dividend Declaration

Type Value Record Date Payment Date Reference
CASH P9.30 per common share 27-Mar-17 21-Apr-17 Related Disclosure
CASH P13.48 per common share 24-Aug-16 19-Sep-16 Related Disclosure
CASH P1.68 per common share 25-May-16 17-Jun-16 Related Disclosure
CASH P9.92 per common share 23-Mar-16 15-Apr-16 Related Disclosure
CASH P6.76 per common share 26-Aug-15 18-Sep-15 Related Disclosure
CASH P8.49 per common share 23-Mar-15 15-Apr-15 Related Disclosure
CASH P5.91 per common share 25-Aug-14 18-Sep-14 Related Disclosure
CASH P6.45 per common share 15-Apr-14 8-May-14 Related Disclosure
CASH P4.10 per common share 27-Aug-13 20-Sept-13 Related Disclosure
CASH P6.10 per common share 26-Mar-13 24-Apr-13 Related Disclosure
CASH P1.4637 per Rockwell Land Share
for foreign stockholders in lieu of
Rockwell Land Property
23-Mar-12 14-May-12 Related Disclosure
PROPERTY 2.81820980816 Rockwell
Land shares per common share
23-Mar-12 14-May-12 Related Disclosure
CASH P4.00 per common share 29-Aug-12 24-Sep-12 Related Disclosure
CASH P4.10 per common share 23-Mar-12 23-Apr-12 Related Disclosure
CASH P1.70 per common share     2-Dec-11 27-Dec-11 Related Disclosure
CASH P3.45 per common share 17-Aug-11 13-Sep-11 Related Disclosure
CASH 10% of par value on the
Company's 10% Cumulative
Preferred Stock, Series B.
31-Mar-11 29-Apr-11 Related Disclosure
CASH P2.65 per common share 28-Mar-11 20-Apr-11 Related Disclosure
CASH 10% of par value on the
Company's 10% Preferred Stock,
Series B.
31-Dec-10 31-Jan-11 Related Disclosure
CASH P1.30 per common share 29-Dec-11 17-Jan-11 Related Disclosure

 

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