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).
| 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 venturebetween 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) |
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 |
