Anscor to pay Soriano brothers, 3 other executives, P113.6M for 2015

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Emeterio Sd. Perez

Emeterio Sd. Perez

Eduardo Soriano, vice chairman and treasurer of A. Soriano Corp. (ASC), was recently elected chairman of AZ Asia Ltd. That is the parent company of AZ Asia Ltd. Philippines Inc., “a registered holder of 176,646,329 shares of stock of A. Soriano Corp.”

An ownership posting showed Soriano’s direct ownership at 20,000 ASC shares. It also listed him as indirect owner of 195,795,944 ASC shares, or 7.83 percent, through AZ Asia Ltd.

Anscor Consolidated Corp. is ASC’s biggest stockholder, with 1.258 billion ASC shares, equivalent to 50.316 percent of 2.5 billion outstanding shares. It is a wholly owned unit of ASC.

Given the company’s ownership control by the Soriano family, the Soriano brothers—Andres Soriano 3rd, chairman and chief executive officer, and Eduardo—head the list of ASC’s highest paid executives. They and three other insiders received P76.50 million, including combined salaries of P51.528 million, in 2013; P92.693 million, including salaries of P53.496 million, in 2014. This year, ASC estimated the group’s pays and perks to exceed P100 million at P113.6 million—with salaries at P53.8 million; benefits, P1.5 million; and bonuses, P58.3 million.


Insiders’ trades
FLG Management and Development Corp. has increased its holding in GMA Network Inc. to 674.605 million common shares, for a 20.08 percent stake, from 674.411 million common shares, or 20.07 percent, by taking advantage of the stock’s fall.

It bought 56,800 shares at P6.38 each on July 20; 18,200 shares on July 21 and 1,400 shares on July 22 at P6.30 each; 5,300 shares at P6.37 apiece, 4,400 shares at P6.38 and 57,300 shares at P6.39 on July 22; and 50,000 shares at P6.40 on July 23.

GMA 7 recorded a 52-week high of P7.80 on Sept. 18, 2014.

FLG owned 673.429 million GMA 7 common shares, or 20.01 percent, when the TV network held its annual stockholders’ meeting on May 20. In addition to GMA 7 common shares, FLG also held 107.253 million of GMA Philippine Depository Receipts as of July 21.

At Friday’s stock market closing level of P6.44 for GMA 7 shares, FLG owns more than P4.344 billion in paper wealth.

DELFIN Lazaro, a member of the seven-man board of Ayala Corp., reduced the number of common shares he owned to 31,219 after selling 9,840 shares on June 24 and 60 shares on June 25 at P798 each. He also holds 258,297 AC preferred shares, or 0.13 percent.

A public ownership report as of April 15, 2015 showed Lazaro used to indirectly own 181,119 AC common shares.

AC common shares closed at P7.87 on Friday after hitting a high of 792 and falling to a low of P775.

ROGELIO Sarmiento is president and chief executive officer of Vitarich Corp., which is controlled by the Sarmiento family.

An ownership report as of July 9, 2015 listed Sarmiento as owner of 78.008 million Vitarich common shares, or 2.7994 percent, up from nearly 68.006 million Vitarich common shares, or 2.441 percent of 2.786 billion outstanding common shares, as of June 30, 2015.

Sarmiento’s latest acquisition of Vitarich shares took place on July 9, when he bought 6.800 million shares at P0.68 each.

Vitarich closed at P0.69 on Friday, after it opened at P0.71 and dropped to a session low of P0.69.

Ever-Gotesco ownership update
The stockholders of Ever-Gotesco Resources and Holdings Inc., led by the Go family who are the company’s majority stockholders, will hold their annual meeting on Aug. 28, 2015 at Penthouse II of Ever Gotesco Corporate Center on C.M. Recto Avenue in Manila.

Although the Gos did not say so in the company’s filing posted on the website of the Philippine Stock Exchange, they should welcome the public investors who remained stuck with their Ever-Gotesco shares in their hands because of the stock’s low price.

From P1 per share par value, Ever-Gotesco closed on Friday at P0.179.

The Gos control Ever-Gotesco through three corporate vehicles: Gotesco Properties Inc., with 1.769 billion shares, or 35.38 percent; Consolidated Ventures Inc., with 892 million shares, or 17.84 percent; and Gotesco Investments Inc., with 105 million shares, or 2.1 percent.

esdperez@gmail.com.

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