Frequently Asked Questions About AboitizPower

Learn more about AboitizPower through our frequently asked questions (FAQs) board which houses all the essential information you need to know about the company.  This includes a detailed explanation to questions regarding our dividend payments, shareholder taxation policies, shares of stocks and change of address. 

Click to expand the list below:

FAQs About the Company

  1. AboitizPower Corporation (AP) is the holding company of the Aboitiz Group's investments in the country's power sector.

  2. AboitizPower listed its shares of common stocks in the Philippine Stock Exchange on July 16, 2007.

  3. Aboitiz Power Corporation has core investments in power generation, power distribution, retail electricity services and renewable energy in the Philippines.

  4. AboitizPower's subsidiaries in power generation involve the operation of hydroelectric, oil, coal, and geothermal power plants located in Luzon, Visayas, and Mindanao. For power distribution, its subsidiaries are power utility companies with installations located in different parts of the Philippines. Among these are the second and third largest electricity distribution utilities in the country. 

    AboitizPower has a wholly-owned subsidiary that provides electricity-related services to distribution utilities and large electricity consumers. The same company holds licenses issued by the Energy Regulatory Commission (ERC) to act as a Retail Electricity Supplier and a Wholesale Power Aggregator.

  5. AboitizPower holds its regular stockholders' meeting on the fourth Monday of April of every year.

  6. AboitizPower's independent auditor is SyCip Gorres Velayo & Co. Their office is located at 6760 Ayala Avenue, Makati City, Philippines.

  7. AboitizPower's shares of common stock are listed and traded in the Philippine Stock Exchange (PSE) under the trading symbol AP.

  8. You can access it through this link

FAQs About Our Dividend Payments

  1. AboitizPower's cash dividend policy is to pay out approximately one-half of its consolidated net income from the preceding fiscal year.

  2. The table below shows AboitizPower’s updated dividends, including the Declaration, Record, and Payment dates along with their share values: 

     Cash Dividend 

    Year Declaration Date Record Date Payment Date Type Amount/Share
    2008 February 6, 2008 February 21, 2008 March 3, 2008
    Regular
    0.18
    2009 February 11, 2009 February 26, 2009 March 23, 2009
    Regular
    0.20
    2010 March 10, 2010 March 24, 2010 April 6, 2010
    Regular
    0.30
    2011 March 3, 2011 March 17, 2011 April 5, 2011
    Regular
    1.32
    2012 March 1, 2012 March 16, 2012 April 3, 2012
    Regular
    1.32
    2013
    November 28, 2012 December 13, 2012 January 11, 2013
    Special
    0.22
    March 5, 2013 March 19, 2013 April 15, 2013
    Regular
    1.66
    2014
    March 11, 2014 March 25, 2014 April 22, 2014
    Special
    0.40
    March 11, 2014 March 25, 2014 April 22, 2014
    Regular
    1.26
    2015
    March 10, 2015 March 24, 2015 April 20, 2015
    Regular
    1.14
    March 10, 2015 March 24, 2015 April 20, 2015
    Special
    0.52
    2016
    March 8, 2016 March 22, 2016 April 19, 2016
    Regular
    1.20
    March 8, 2016 March 22, 2016 April 19, 2016
    Special
    0.46
    2017 March 7, 2017 March 21, 2017 April 10, 2017
    Regular
    1.36
    2018 March 08, 2018 March 22, 2018 Apr 12, 2018
    Regular
    1.39
    2019 March 7, 2019 March 21, 2019 April 5, 2019
    Regular
    1.47
    2020 March 6, 2020 March 20, 2020 April 3, 2020
    Regular
    1.18
    2021 March 5, 2021 March 19, 2021 March 31, 2020
    Regular
    0.85
  3. A stockholder may inquire about the status of the dividend payments on his/her shareholdings by sending AboitizPower's stock transfer agent a duly signed written request. For a stockholder who maintains an account with his/her stockbroker (i.e. scriptless or street position), he/she may also inquire directly to his/her stockbroker.

  4. It is most likely that non-receipt of dividends and other correspondences are tagged as Return to Sender (RTS) and are currently under the custody of AboitizPower's stock transfer agent. The most common reason for an RTS is a stockholder's change of address. To update his/her mailing address, a stockholder must inform the stock transfer agent to reflect his/her new address in the official stockholders' record. If this has been done, directly contact the stock transfer agent and inquire about other possible reasons.

  5. Submit the following requirements to the stock transfer agent:  

    1. A duly notarized affidavit executed by the shareholder indicating the following:
      1. The reason for the cheque replacement (e.g. it was lost, misplaced, not received, damaged, or stolen)
      2. A statement that the shareholder will not deposit/present the subject cheque(s) if the same is found/recovered
      3. A statement from the shareholder indicating that he/she will immediately reimburse the issuer/stock transfer agent for the charges due to the presentment of the lost/stopped cheques.
    2. A duly notarized Indemnity Letter
    3. A duly signed specimen signature card of the following valid identification cards:
      1. A clear copy of one (1) Primary ID or two (2) Secondary IDs which bear the shareholder’s exact name on record
      2. Any of the following Primary IDs: A valid passport with signature, Philippine Driver’s License, PRC card, digitized SSS /TIN
      3. Any of the following Secondary IDs: A valid company ID, credit/ ATM card, laminated TIN,  or a Senior Citizen card
    4. A photocopy of the front and back portions of the IDs you choose to present from item c above.
      1. Ensure that the name and the signature on the ID(s) match those on the affidavit/letter/form submitted
      2. Ensure that the signature on the ID(s) is verifiable
      3. Ensure that the IDs are valid
    5. A duly accomplished Stop Cheque Payment Form
    6. Replacement fee
    7. A duly accomplished request form
  6. The following requirements should be submitted to the stock transfer agent:

    1. Two (2) valid IDs
    2. A duly accomplished request form
  7. For an individual shareholder who is either a Filipino citizen or an alien resident of the Philippines, cash and property dividends received are subject to a final withholding tax rate of 10%.

    For a non-resident alien individual engaged in trade or business in the Philippines, cash and property dividends received are subject to a 20% tax on the gross amount.

    For a non-resident alien individual not engaged in trade or business in the Philippines, cash and property dividends are subject to a 25% tax on the gross amount. This, however, is subject to the applicable preferential tax rates under tax treaties executed between the Philippines and the country of residence or domicile of such non-resident foreign individual.

    Cash and property dividends received by another domestic corporation or by a resident foreign corporation are not subject to tax, while those received by non-resident foreign corporations are subject to tax at the rate of 35%. This rate, however, may be reduced to 15% if the country of domicile of the non-resident foreign corporation allows a credit equivalent to 20% for taxes deemed to have been paid in the Philippines.

    The foregoing (a) is based on laws in force as of the date of posting of this information; (b) is subject to changes in law occurring after such date; (c) does not purport to be a comprehensive description of all of the tax considerations that may be relevant to a decision to invest in the shares of the company and; (d) does not purport to deal with the tax consequences applicable to all categories of investors, some of which may be subject to special rates.

    Investors are advised to consult their tax advisers concerning the tax consequences of their investment in the company's shares. 

FAQs About Our Taxation Policies

  1. If the sale is made through the PSE, a resident or a non-resident shareholder is subject to a stock transaction tax at the rate of 0.5% of the gross selling price, unless an applicable tax law or treaty exempts such sale from the said tax.

    This tax is required to be collected by the selling stockbroker on behalf of its client. If the sale is made outside the PSE, the resident or the non-resident shareholder will be subject to a capital gains tax. The applicable tax rates are as follows: 5% on gains not exceeding P100,000 and 10% on gains over P100,000. These tax rates may not be applicable if a treaty exists, which exempts such gains from tax or provides for preferential rates.

    The transfer of shares of stock is subject to a documentary stamp tax of P0.75 for each P200 par value or a fractional part thereof of the share of stock transferred.

    The foregoing (a) is based on laws in force as of the date of posting of this information; (b) is subject to changes in law occurring after such date; (c) does not purport to be a comprehensive description of all of the tax considerations that may be relevant to a decision to invest in the shares of the company and; (d) does not purport to deal with the tax consequences applicable to all categories of investors, some of which may be subject to special rates.

    Investors are advised to consult their own tax advisers concerning the tax consequences of their investment in the company's shares.

  2. The transfer of shares of stock upon the death of an individual shareholder to his heirs by way of succession, whether such shareholder is a citizen of the Philippines or an alien, regardless of residence, is subject to an estate tax at progressive rates ranging from 5% to 20% if the net estate is over P200,000.

    The estate tax, however, shall not be collected in respect to intangible personal property such as shares of stock: (a) if the decedent at the time of his death was a citizen and resident of a foreign country which at the time of his death did not impose a transfer tax of any character, in respect of intangible personal property of citizens of the Philippines not residing in that foreign country, or; (b) if the laws of the foreign country of which the decedent was a citizen and resident at the time of his death allowed a similar exemption from transfer or death taxes of every character or description in respect of intangible personal property owned by citizens of the Philippines not residing in that foreign country.

    The foregoing (a) is based on laws in force as of the date of posting of this information; (b) is subject to changes in law occurring after such date; (c) does not purport to be a comprehensive description of all of the tax considerations that may be relevant to a decision to invest in the shares of the company and; (d) does not purport to deal with the tax consequences applicable to all categories of investors, some of which may be subject to special rates. Investors are advised to consult their tax advisers concerning the tax consequences of their investment in the company's shares.

  3. Individual and corporate shareholders, whether citizens or residents of the Philippines or not, who give or donate shares of stock are liable to pay the Philippine donors' tax ranging from 2% to 15% of the net gifts exceeding P100,000 in value during the year. 

    The donor's tax, however, shall not be collected in respect to intangible personal property such as shares of stock: (a) if the donor, at the time of the donation, was a citizen and resident of a foreign country -- which at the time of donation did not impose a transfer tax of any character, in respect to intangible personal property of citizens of the Philippines not residing in that foreign country, or; (b) if the laws of the foreign country of which the donor was a citizen and a resident at the time of donation allowed a similar exemption from the transfer of every character or description in respect to intangible personal property owned by citizens of the Philippines not residing in that foreign country.

    The foregoing is (a) based on laws enforced as of the date of posting of this information; (b) subject to changes in law occurring after such date; (c) does not purport to be a comprehensive description of all of the tax considerations that may be relevant to a decision to invest in the shares of the company and; (d) does not purport to deal with the tax consequences applicable to all categories of investors, some of which may be subject to special rates.

    Investors are advised to consult their tax advisers concerning the tax consequences of their investment in the company's shares.

  4. The stockholder must surrender the certificates to the stock transfer agent, together with the following requirements: 

    1. The Original Stock Certificate(s) duly endorsed by the stockholder.
    2. Signed photocopies of two (2) valid IDs
    3. A duly signed specimen signature card
    4. A photocopy of the stockholder’s Marriage Certificate or Birth Certificate, whichever applies
    5. A Joint Affidavit of one and the same person from two disinterested persons
    6. A duly accomplished request form

FAQs About Our Shares of Stocks

  1. The heirs must submit the estate requirements and follow these procedures in chronological order: 

    1. An NSO/Certified True Copy of Death Certificate
    2. The Original Stock Certificate (in case of loss, the heirs must comply first with the requirements for lost certificate replacement)
    3. A duly notarized Affidavit of Self-adjudication (for sole heirs) or Deed of Extrajudicial Settlement of Estate (for more than one (1) heir)
    4. An Affidavit of Publication which should be published once every three (3) consecutive weeks; the publication should reflect the document no., book no., page no. and series no.
    5. The payment of an Estate Tax (BIR). The requesting heir must have the Certification from the Issuer of the Company or from PSE on the Book Value of the Shares and the Market Value of shares at the Time of Death before going to the BIR.  The following are the listed documents needed from the BIR:
      1. CAR (form 1954)
      2. Tax Clearance Certificate
      3. Payment of Documentary Stamp (form 2000)*Please note that the Total no. of shares X Market Value at the time of death must appear in the form
    6. Secure a Surety bond/Heir’s bond from a non-life insurance company (optional) if you want an immediate transfer of the shares. Otherwise, the transfer may take place two years after the publication.
    7. Registered documents from the Registry of Deeds - Shares of Stocks are to be registered under Personal Property; the requirements from A-F must be present and original.
    8. A duly signed specimen signature card and two (2) valid IDs of all heirs
    9. A Processing Fee of P22.40 per certificate canceled and P112.00 per issued certificate
    10. A duly accomplished request form Kindly mail the accomplished forms/requirements to: 

      STOCK TRANSFER SERVICE, INC. 

      Unit 34-D Rufino Pacific Tower, 6784 Ayala Avenue, Makati City

      Telephone: +632 8403-3433/ +632 8403-3798 

      Contact Person: Mr. Michael C. Capoy 

      Email Addressmccapoy@stocktransfer.com.ph

     

  2. Stockholders who wish to sell their shares can transact through any of the stock brokerage houses at the Philippine Stock Exchange.

  3. AboitizPower’s stock transfer agent is the Stock Transfer Service, Inc. which acts as the principal record-keeping agent of the company’s common stock.

    For inquiries, please call or write:

    STOCK TRANSFER SERVICE, INC. 

    Unit 34-D Rufino Pacific Tower, 6784 Ayala Avenue, Makati City 

    Telephone: +632 8403-3433/ +632 8403-3798 

    Contact Person: Mr. Michael C. Capoy 

    Email Address: mccapoy@stocktransfer.com.ph

    Stock Transfer Service, Inc. keeps the record of every outstanding AEV stock certificate and the name of the person to whom it is registered. When a stock is transferred from one person or entity to another, the transfer agent transfers the ownership of the stock and records the transaction. The transfer agent also handles the payment of dividends that the company may declare from time to time.

FAQs About Change of Address

  1. Please submit the duly accomplished Change of Address Form with your two valid IDs.  

    Kindly mail the accomplished forms/requirements to:

    STOCK TRANSFER SERVICE, INC. 

    Unit 34-D Rufino Pacific Tower, 6784 Ayala Avenue, Makati City
    Telephone: +632 8403-2410/ +632 8403-3798 / +632 8403-2412

    Contact Person: Mr. Michael C. Capoy 

    Email Addressmccapoy@stocktransfer.com.ph or marinel.mangubat@aboitiz.com  

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