Founded in 1834 and incorporated in 1967, Ayala was listed in the Philippine Stock Exchange on November 8, 1976. As of end-March 2006, it had 8,626 shareholders, 84% of which held between 1 and 1,000 shares. At the same time, 28% of Ayala’s shares were held by foreign investors. This included the 10.63% ownership of Mitsubishi Corporation.
On May 20, 2005, the Securities and Exchange Commission approved the reverse stock split of Ayala’s common shares from P1.00/share to P50.00/share and the amendment of its Amended Articles of Incorporation to reflect the same.
Top 20 Stockholders*
as of March 31, 2006
|
|
Stockholder
name
|
Citizenship
|
Outstanding
Shares
|
Percentage
|
|
1
|
Mermac,
Inc
|
Filipino
|
199,585,297
|
58.11%
|
|
2
|
PCD
Nominee Corporation (Non-Filipino)
|
Non-Filipino
|
59,968,785
|
17.46%
|
|
3
|
Mitsubishi
Corporation
|
Japanese
|
36,503,207
|
10.63%
|
|
4
|
PCD
Nominee Corporation (Filipino)
|
Filipino
|
23,077,208
|
6.72%
|
|
5
|
Shoemart,
Inc.
|
Filipino
|
10,545,955
|
3.07%
|
|
6
|
BPI
T/A # 14105123
|
Filipino
|
1,231,815
|
0.36%
|
|
7
|
ATR-KIM Eng Capital Partners Inc. as Custodian for T/A06-CA-64
|
Filipino
|
970,442
|
0.28%
|
|
8
|
2005
ESOWN Account
|
Filipino
|
708,346
|
0.21%
|
|
9
|
Philippine
Remnants Co., Inc.
|
American
|
476,300
|
0.14%
|
|
10
|
Jaime
Zobel de Ayala
|
Filipino
|
457,801
|
0.13%
|
|
11
|
Jose
M. Olbes
|
Filipino
|
354,886
|
0.10%
|
|
12
|
Cygnet
Development Corporation
|
Filipino
|
280,636
|
0.08%
|
|
13
|
BPI
TA 14105123 FAO Consuelo Zobel Alger Foundation
|
Filipino
|
263,651
|
0.08%
|
|
14
|
Georgina
Padilla de McCrohon
|
Spanish
|
241,258
|
0.07%
|
|
15
|
Misubishi
Logistics Corp
|
Japanese
|
208,630
|
0.06%
|
|
16
|
Rivercrest
Realty Corporation
|
Filipino
|
151,257
|
0.04%
|
|
17
|
Amalia
Ortigas Olbes
|
Filipino
|
135,097
|
0.04%
|
|
18
|
Apex
Management and Development Group, Inc.
|
Filipino
|
104,640
|
0.03%
|
|
19
|
Aristón
Estrada, Jr.
|
Filipino
|
97,829
|
0.03%
|
|
20
|
Edan Corporation
|
Filipino
|
92,174
|
0.03%
|
|
|
|
|
|
|
|
|
Total
for 20 largest stockholders
|
|
335,455,214
|
97.67%
|
|
|
Total
number of outstanding shares
|
|
343,488,174
|
100.00%
|
*Based on BPI Stock Transfer records. Note that scripless shares lodged under the Philippine Central Depository (PCD) cannot be broken down into ultimate beneficial ownership as these are held in “street” name, either under the broker’s name or under the custodian bank’s name.
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