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. | 118,364,807 | 0 | 118,364,807 | 10.50% |
| Total | 845,613,439 | 0 | 845,613,439 | 75.03% |
As of June 30, 2021, the remaining 24.92% are held by institutional investors, Directors, Officers and employees of the Company, and other investors (individuals and corporations).
| Shareholding Structure | Download PDF |
| Corporate Information Solutions, Inc. |
Corporate Information Solutions, Inc. ("CIS") CIS is a wholly-owned subsidiary of MERALCO. CIS, through its subsidiaries, provides a wide range of financial products and services that cater to business and customer needs. CIS Bayad Center, Inc., (“Bayad”) a pioneer in outsourced payment collection service, has now evolved into a full-service fintech company offering a whole suite of financial products and services, available in its extensive physical and digital payment touchpoints. Powering more than 45,000 over-the-counter payment locations and leading online and mobile payment applications, the company recently rebranded as “Bayad”, launching its new identity, as well as introducing its revitalized all-in-one pera transaction mobile app and new online payment facility, Bayad App and Online. Providing a seamless onsite-to-online customer experience that caters to both traditional and next generation of payers, Bayad cements itself as the authority in payments. |
| Meralco Energy, Inc. |
Meralco Energy, Inc. ("MSERV") MServ is a wholly owned subsidiary of MERALCO. It is a one-stop shop for energy services and solutions that will guarantee total system efficiency for customer facilities. MServ’s scope of activities include Engineering, Procurement and Construction (“ECP”) Installation of Electrical and Mechanical Facilities and Engineering Services. Its expertise is in the EPC of electrical facilities such as substations, powerhouses, and transmission lines. MServ offers low voltage/load side distribution services capitalizing on its capability to value-engineer electrical designs. MServ can also provide energy efficiency and urban services such as energy management system, smart streetlighting, sewage treatment plant, heating, ventilation and air conditioning and lighting solutions. MServ is a AAA PCAB-licensed company and a DOE-accredited Energy Service Company. |
| eMeralco Ventures |
eMeralco Ventures, Inc. ("e-MVI") e-MVI is a wholly-owned subsidiary of MERALCO. It was established on June 22, 2000. Through a wholly-owned subsidiary, Paragon Vertical, Inc., it owns 100% of the equity in Radius Telecoms, Inc. (“Radius”). Radius holds a congressional telecommunications franchise to construct, install, establish, operate, and maintain for commercial purposes and in the public interest, the business of providing basic and enhanced telecommunications services in the Philippines, and between the Philippines and other countries and territories. |
| Meralco Financial Services Corp. |
Meralco Financial Services Corporation ("Finserve") Finserve was incorporated on March 19, 2002 as a wholly-owned subsidiary of MERALCO. It aims 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. |
| Lighthouse Overseas Insurance Limited |
Lighthouse Overseas Insurance Limited ("LOIL") 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") MGen is a wholly owned subsidiary of MERALCO and serves as its power generation unit. MGen has a diversified power generation portfolio that utilizes advanced and highly efficient technologies to provide reliable and cost-competitive supply. |
| Clark Electric Distribution Corp. |
Clark Electric Distribution Corporation ("CEDC") CEDC is 65% owned by MERALCO. CEDC is the grantee of a franchise to distribute electric power in the Clark Special Economic Zone (“CSEZ”), site of the former U.S. Clark Air Base in the Philippines transformed into a premier economic zone comprising the Clark Freeport Zone (“CFZ”) and contiguous subzones. CEDC serves a total of 2,613 customers composed of commercial (54.7%), industrial (43.2%), and residential and streetlight (2.1%) accounts based on kwh sold. |
| Meralco Industrial Engineering Services Corp. |
Meralco Industrial Engineering Services Corporation ("MIESCOR") MIESCOR is a wholly owned subsidiary of MERALCO and was formerly its Plant and Engineering Department. MIESCOR became an engineering and construction subsidiary on December 5, 1973. For 48 years, MIESCOR has provided safe, quality, timely, smart and best value services in the fields of power generation, transmission, distribution, as well as industrial plants, water resources, utility attachment, trading, and telecommunications. Backed by a highly competent technical team, the company has also provided consultancy, engineering, and integration services to major telecommunication service providers. |
| MRail, Inc. |
MRail, Inc. ("MRail") MRail is a prime provider of maintenance and asset renewal services to railway ecosystems across the Philippines. Sumitomo Corporation, Light Rail Transit Authority (LRTA), and Light Rail Manila Corporation (LRMC) are among the company’s major clients. |
| Comstech Integration Alliance, Inc. |
Comstech Integration Alliance, Inc. ("Comstech") |
| eSakay, Inc. |
eSakay, Inc. ("eSakay") eSakay is a wholly-owned subsidiary of MERALCO. It integrates vital components across electric mobility ecosystems, providing end-to-end and tailor-fit electric vehicle (“EV”) and charging infrastructure solutions to private and public sector customers throughout the country, helping them modernize and electrify their transport systems. eSakay propagates sustainable and green mobility solutions – from the supply of EV and charging stations to the provision of managed services (i.e. EV operatorship, fleet management, and charging services). |
| MSpectrum Inc. |
MSpectrum Inc. ("Spectrum") Spectrum is a renewable energy (“RE”) provider in the Philippines. Spectrum boasts of end-to-end technical capabilities, its synergy with the MERALCO Group of Companies, and support of world-class service and product providers. Its mission is to provide renewable energy solutions to businesses and communities, delight our stakeholders, improve lives, and build a sustainable future. Its vision is to be the most trusted RE company in the Philippines; trusted by its customers, the community, its employees, partners and shareholders. |
| Vantage Energy Solutions and Management Inc. |
Vantage Energy Solutions and Management Inc. ("Vantage") Vantage is the first wholly owned Retail Electricity Supplier (“RES”) of MERALCO. It was incorporated on November 21, 2016 and its licensed was issued by the ERC on January 10, 2017. |
| Shin Clark Power Holdings, Inc. |
Shin Clark Power Holdings, Inc. Shin Clark Power Holdings, Inc. is a 60% owned subsidiary which provides electricity services in New Clark City (“NCC”). The 9,450-hectare NCC span through Angeles City in Pampanga and the towns of Capas and Bamban in Tarlac. |
| Phoenix Power Solutions, Inc. |
Phoenix Power Solutions, Inc. ("Phoenix Power") Phoenix Power is a Retail Electricity Supplier wholly-owned by the MERALCO. Phoenix Power was established to provide electricity to contestable customers in Luzon through solutions tailored to each client’s needs bundled with exceptional customer service. |
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 Stockholders' Meeting (ASM);
- 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).
Dividend Declaration
| Type | Value | Record Date | Payment Date | Reference |
|---|---|---|---|---|
| CASH | PhP10.226 | March 30, 2022 | April 26, 2022 | Download PDF |
| CASH | PhP 5.057 | August 23, 2021 | September 15, 2021 | Download PDF |
| CASH | Php 7.824 | March 25, 2021 | April 26, 2021 | Download PDF |
| CASH | PhP 4.697 | August 17, 2020 | September 15, 2020 | Download PDF |
| CASH | Php 10.395 | March 17, 2020 | April 15, 2020 | Download PDF |
| CASH | PhP 5.464 | August 22, 2019 | September 20, 2019 | Download PDF |
| CASH | Php 10.594 | March 19, 2019 | April 15, 2019 | Download PDF |
| CASH | PhP 5.311 | August 29, 2018 | September 24, 2018 | Download PDF |
| CASH | 8.065 | March 28, 2018 | April 25, 2018 | Download PDF |
| CASH | 8.925 | August 30, 2017 | September 22, 2017 | Download PDF |
| CASH | P9.30 per common share | March 27, 2017 | April 21, 2017 | Download PDF |
| CASH | P13.48 per common share | August 24, 2016 | September 19, 2016 | Download PDF |
| CASH | P1.68 per common share | May 25, 2016 | June 17, 2016 | Download PDF |
| CASH | P9.92 per common share | March 26, 2016 | April 15, 2016 | Download PDF |
| CASH | P6.76 per common share | August 26, 2015 | September 18, 2015 | Download PDF |
| CASH | P8.49 per common share | March 23, 2015 | April 15, 2015 | Download PDF |
| CASH | P5.91 per common share | August 25, 2014 | September 18, 2014 | Download PDF |
| CASH | P6.45 per common share | April 15, 2014 | May 8, 2014 | Download PDF |
| CASH | P4.10 per common share | August 27, 2013 | September 20, 2013 | Download PDF |
| CASH | P6.10 per common share | March 26, 2013 | April 24, 2013 | Download PDF |
| CASH | P1.4637 per Rockwell Land Share for foreign stockholders in lieu of Rockwell Land Property |
March 23, 2012 | May 14, 2012 | Download PDF |
| PROPERTY | 2.81820980816 Rockwell Land shares per common share |
March 23, 2012 | May 14, 2012 | Download PDF |
| CASH | P4.00 per common share | August 29, 2012 | September 24, 2012 | Download PDF |
| CASH | P4.10 per common share | March 23, 2012 | April 23, 2012 | Download PDF |
| CASH | P1.70 per common share | December 2, 2011 | December 27, 2012 | Download PDF |
| CASH | P3.45 per common share | August 17, 2011 | September 13, 2011 | Download PDF |
| CASH | 10% of par value on the Company's 10% Cumulative Preferred Stock, Series B. |
March 31, 2011 | April 29, 2011 | Download PDF |
| CASH | P2.65 per common share | March 28, 2011 | April 20, 2011 | Download PDF |
| CASH | 10% of par value on the Company's 10% Preferred Stock, Series B. |
December 31, 2011 | January 31, 2011 | Download PDF |
| CASH | P1.30 per common share | December 29, 2011 | January 17, 2011 | Download PDF |
