Key Developments: San Miguel Corp (SMC.PS)

SMC.PS on Philippine Stock Exchange

73.25PHP
24 Oct 2014
Price Change (% chg)

Php-0.65 (-0.88%)
Prev Close
Php73.90
Open
Php74.00
Day's High
Php74.50
Day's Low
Php73.00
Volume
129,090
Avg. Vol
224,154
52-wk High
Php87.25
52-wk Low
Php54.50

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Latest Key Developments (Source: Significant Developments)

San Miguel Corp declares cash dividend
Thursday, 18 Sep 2014 01:26am EDT 

San Miguel Corp:Approves declaration of cash dividends on common shares at 0.35 philippine pesos per share.Cash dividends for common shares are payable on Nov. 7 to all stockholders of record of common shares as of Oct. 17.  Full Article

San Miguel Corp declares cash dividend
Tuesday, 10 Jun 2014 12:22am EDT 

San Miguel Corp:Declares cash dividends for common shares at 0.35 Philippine pesos per share.Cash dividends for the common shares are payable on July 21 to all stockholders of record of the common shares as of June 27.Stock and transfer books of the Corporation will be closed from June 30 to July 4.  Full Article

San Miguel Corp declares cash dividends
Monday, 12 May 2014 09:23pm EDT 

San Miguel Corp:Declares cash dividends on the Series 2 Preferred Shares of corporation to be paid on June 27 and Sept. 26 as follows.Subseries dividend amount for each payment date.Subseries A 1.40625 Philippine pesos.Subseries B 1. 4296875 pesos.Subseries C 1.50 pesos.For the June 27 payment date, cash dividend shall be paid to the holders of the Series 2 Preferred Shares as of June 13.Books of corporation will be closed from June 16 to June 20.For the Sept. 26 payment date, cash dividend shall be paid to holders of Series 2 Preferred Shares as of Sept. 11.Books of corporation will be closed from Sept. 12 to Sept. 18.  Full Article

San Miguel Corp declares cash dividend
Thursday, 10 Apr 2014 01:29am EDT 

San Miguel Corp:Declares cash dividends for common shares at 0.35 Philippine pesos per share.Cash dividends are payable on May 16 to all common stockholders of record as of April 29.Stock and transfer books of corporation will be closed from April 30 to May 7.  Full Article

San Miguel Corp eyes $1 bln from share sale of power arm - Reuters
Tuesday, 21 Jan 2014 08:00pm EST 

San Miguel Corp:Says it hopes to raise about $1 billion from the sale of a 49 pct stake in its power unit to cornerstone investors and via a public offer this year - Reuters.  Full Article

JG Summit Holdings Inc To Pay San Miguel Corp $1.65 Billion For Manila Electric Co Stake-Reuters
Tuesday, 1 Oct 2013 01:43am EDT 

Reuters reported that JG Summit Holdings Inc said on October 01, 2013 that it will buy San Miguel Corp's stake in Manila Electric Co (Meralco) for PHP72 billion ($1.65 billion), a discount of around 19% to market prices. The stake is equivalent to 27.1% of Meralco's equity and, according to current market prices, worth around $2 billion.  Full Article

San Miguel Corp Says To Sell Manila Electric Co Shares To JG Summit Holdings Inc-Reuters
Monday, 30 Sep 2013 02:51am EDT 

Reuters reported that San Miguel Corp said that on September 30, 2013 it has agreed to sell its holdings in the Philippines' power retailer Manila Electric Company (Meralco) to JG Summit Holdings Inc. It was not immediately clear if San Miguel was selling its entire 27.1% stake in Meralco. Credit Suisse was San Miguel's financial adviser for the transaction.  Full Article

San Miguel Corp Declares Cash Dividend
Wednesday, 18 Sep 2013 08:00pm EDT 

San Miguel Corp announced that the Board has declared a cash dividends for common shares at PHP0.35 per share. The cash dividend for the common shares are payable on November 8, 2013 to all the stock holders of record of the common shares as of October 18, 2013.  Full Article

San Miguel Corp And CIMB Group Holdings Bhd Call Off Bank Deal-DJ
Monday, 24 Jun 2013 02:10am EDT 

Dow Jones reported that San Miguel Corp and Malaysia's CIMB Group Holdings Bhd have canceled San Miguel's planned sale of a majority stake in its banking unit to CIMB Group, slowing the latter's progress in its goal of expanding its presence in Southeast Asia. The two parties' failure to work out terms that would bring the sale of Bank of Commerce into line with Philippine rules that bar foreigners from owing land in the country also sets back San Miguel's fundraising efforts. The two parties couldn't reach an agreement on new terms for the deal, CIMB Group said in a statement, without elaborating.  Full Article

San Miguel Corp Announces Cash Dividends For Common Shares
Thursday, 20 Jun 2013 11:48pm EDT 

San Miguel Corp announced that the Board has declared a cash dividends for common shares at P0.35 per share. The cash dividend for the common shares are payable on July 15, 2013 to all the stock holders of record of the common shares as of June 28, 2013.  Full Article

UPDATE 2-Philippines may seek fresh bids for $790 mln toll road

* Original winner Ayala says won't re-bid if tender reopened (Adds reactions from Ayala, Public Works Secretary)

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