Credit to Author: Emeterio SD. Perez| Date: Thu, 27 Feb 2020 16:42:23 +0000
A public ownership report (POR) as of Dec. 31, 2019 and posted on the website of the Philippine Stock Exchange (PSE) listed Island Information & Technology Inc. (IS) with issued and outstanding common shares OF 4,885,748,685 with one centavo par value.
Of the issued and outstanding, the eight-person board held 908,453,900 common shares, or 18.59 percent. Of the eight directors, two were direct stockholders, namely, Andres Lao 3rd., 100,000 IS common shares. Fergus S. Lao directly owned 136.850 IS common shares and indirectly held 771,268,900 IS common shares for total ownership of 908,118,900 IS common shares, or 18.59 percent.
The rest of the IS directors were reported as indirect holders: Gerardo Urbina Jr., Oscar Mejia and Rogelio Pimentel, holders of 5,000 IS common shares each; Elisa Shih Koa and Jonathan Earl Sim, 10,000 IS common shares each; and Jose Rafael Ledesma, 200,000 IS common shares.
The public stockholders, according to the POR, were the majority stockholders of Island Information with their ownership of 3,977,294,785 common shares, or 81.41 percent of outstanding. When added, the board’s ownership and the publicly held IS common shares equals 4,885,748,685, which was the company’s issued and outstanding common shares.
On Feb. 24, 2020, IS common shares opened trading at P0.098, hit a high of P0.103, dropped to a low of P0.095, and closed the session at P0.100. The stock peaked at a 30-day high of P0.113 and fell to a 30-day low of P0.093.
Tan-owned PNB. Michael Gonzales Tan paid P1,996,400 in buying 62,000 common shares, which translates to P32.20 each, in Philippine National Bank (PNB). The acquisition is his first indirectly owned PNB common shares, which he said Pan Asia Corp. holds for him. In addition, he also directly owns 250 PNB common shares, which he holds as one of the bank’s 14 directors.
A POR as of Dec. 31, 2019, PNB had 15-person board, which held 15,276,763 PNB common shares, or one percent of 1,525,764,850 outstanding common shares, the same number posted on PSE website. It also listed 15 directors as holders of 15,276,763 PNB common shares, or 1 percent. The filing divided their PNB ownership into directly owned 14,843,609 and indirectly owned 433,154 common shares. The bank’s executives held 134,817 PNB common shares of which they directly owned 3,585 common shares.
The same filing listed PNB’s 27 principal stockholders with 912,811,179 direct holdings only, or 59.826 percent of outstanding. Affiliates that included Domingo Chua directly and indirectly held 259,704,298 common shares for total ownership of 271,216,545 common shares, or 17.76 percent.
The public stockholders, according to PNB’s ownership filing, held 326,2325,546 common shares, or 21.39 percent. Their holdings topped the bank’s affiliates that were reported as direct and indirect holders of 17.76 percent of PNB common shares.
Pepsi-Cola. A POR as of Dec. 31, 2019 but posted on Jan. 15, 2020 on the PSE website listed 3,693,772,279 shares as outstanding common shares of Pepsi-Cola Products Philippines Inc. It listed two principal stockholders, which directly owned 2,482,833,503 Pepsi common shares: Lotte Corp. of South Korea with direct ownership of 1,559,390,432 Pepsi common shares, or 42.22 percent; and Quaker Global Investments B.V., a subsidiary of Pepsico Inc., with 923,443,071 common shares, or 25 percent.
In its POR, Pepsi-Cola Products, which is Pepsico’s local unit, credited its public stockholders with 1,210,738,667 common shares, or 32.78 percent of outstanding, which also said the filing was prepared by Stock Transfer Service Inc.
On Feb. 24, 2020, Pepsi common shares opened trading at P1.83, their high, dropped to a low of P1.81, and closed at P1.82. The stock peaked at a 30-day high of P1.92 and fell to a 30-day low of P1.59.
If Pepsico’s Philippine subsidiary does not want to stay in this country anymore, why stop its tender to buy out the public. Just asking.