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. (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. |
| 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. |
| 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. |
| MRail, Inc. (MRail) |
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) |
Comstech Integration Alliance, Inc. (Comstech) |
| 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. |
| eSakay, Inc. (eSakay) |
eSakay, Inc. (eSakay) eSakay is a wholly-owned subsidiary of MERALCO. eSakay is an end-to-end electric vehicle (“EV”) and charging infrastructure solutions provider, modernizing and electrifying transport systems for private and public sector customers throughout the country. 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. (Spectrum) |
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) |
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) |
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 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).
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 |
