San Miguel Corp (SMC.PS) Key Developments |
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San Miguel Corp (SMC.PS)

SMC.PS on Philippine Stock Exchange

30 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Globe Telecom responds to regulatory letter on notice filed for Vega Telecom acquisition
Sunday, 12 Jun 2016 08:44pm EDT 

Globe Telecom Inc : Responded to letter of Philippine Competition Commission addressed to Philippine Long Distance Company, Globe, San Miguel Corporation and Vega Telecom . In letter, PCC claims notice was deficient in form and substance and concludes that acquisition cannot be claimed to be "deemed approved" . Responded supposed "deficiency in form and substance" of notice is not a ground to prevent transaction from being deemed approved . Stated that the notice does not contain any false information .Refers to Philippine Competition Commission (PCC) letter regarding notice filed by Co, PLDT and SMC on acquisition by Globe and PLDT of Vega Telecom.  Full Article

Philippine Long Distance Telephone updates on transaction with Vega Telecom
Sunday, 12 Jun 2016 08:20pm EDT 

Philippine Long Distance Telephone Co : Refers to disclosure regarding acquisition by co and Globe Telecom of telecommunications assets of San Miguel Corp . On June 10, 2016, co submitted its response to the Philippine Competition Commission's letter . "The Vega Telecom transaction is deemed approved and cannot be subjected to retroactive review by the commission" .  Full Article

San Miguel Corp clarifies on news report "San Miguel sales P15B in 2016"
Wednesday, 1 Jun 2016 12:57am EDT 

San Miguel Corp : Refers to news article "San Miguel sales P15B in 2016" published by the Manila times on June 1 . Confirms statements made by its president and COO in article relating to estimated net income of San Miguel brewery inc in 2016 .  Full Article

Philippines' San Miguel in talks with 3 foreign liquor firms for possible acquisition
Thursday, 26 May 2016 02:35am EDT 

San Miguel Corp : President Ramon Ang says company in talks with three foreign liquor companies for possible acquisition Further company coverage: [SMC.PS] (Reporting by Neil Jerome Morales) ((;)).  Full Article

San Miguel Corp posts qtrly net profit attributable of 7.51 billion pesos
Monday, 16 May 2016 04:27am EDT 

San Miguel Corp : Qtrly operating revenue 159.63 billion pesos versus 157.75 billion pesos . Qtrly net profit attributable 7.51 billion pesos versus 2.39 billion pesos .  Full Article

Philippines' San Miguel net income grows more than two-fold in Q1
Thursday, 12 May 2016 04:13am EDT 

San Miguel Corp :Says Q1 net income rose more than two-fold to 13.5 billion pesos.  Full Article

San Miguel Corp declares preferred dividend
Tuesday, 9 Jun 2015 01:01am EDT 

San Miguel Corp:Declares dividend of 1.0546 Philippine pesos per share on preferred shares.Payable on July 8.Record date June 26.  Full Article

San Miguel Corp declares cash dividend
Wednesday, 10 Dec 2014 11:00am EST 

San Miguel Corp:Declared cash dividends 0.35 Philippine pesos per share on common shares.Payable on Feb. 2, 2015.Record date Jan. 7, 2015.  Full Article

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


PLDT executive says telecoms deal does not violate Philippine anti-competition law

MANILA The $1.5 billion deal struck by Philippine Long Distance Telephone Co (PLDT) and Globe Telecom Inc to buy San Miguel Corp telecoms assets does not violate the country's anti-competition law, a PLDT official said.