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FAQs

Frequently Asked Questions


1. What is Aboitiz Equity Ventures?

Aboitiz Equity Ventures (AEV) is the publicly listed holding and investment management company of the Aboitiz Group.
 

2. When did AEV go public?

AEV’s common shares were listed on the Philippine Stock Exchange in 1994.
 

3. What is AEV's mission?

AEV’s mission is “To create long-term value for all its stakeholders.”
 

4. What are AEV’s core businesses?

AEV has core investments in power, banking, food and real estate.
 

5. What are its subsidiaries?

AEV's investments in Power Generation include hydroelectric and oil-fired plants located in Luzon, Visayas and Mindanao. In Power Distribution, the company has investments in a number of utilities located in different parts of the Philippines, including the second and third largest in the country. All these investments are in Aboitiz Power Corporation (AP), a publicly listed subsidiary of AEV. For further information on AP, please check ,www.aboitizpower.com.
 

6. When does the company hold its regular annual Stockholders’ Meeting?

AEV holds its regular stockholders’ meeting on the third Monday of May of every year. A stockholders’ briefing is also held in Manila annually. The venue and final schedule of these meetings are set in the first quarter of every year.
 

​7. Who is AEV’s independent auditor?

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

8. Where is AEV’s common stock traded and what is its trading symbol?

AEV’s shares of common stock are listed and traded in the Philippine Stock Exchange (PSE) under the trading symbol AEV.
 

9. How can I receive regular information about the company?

To receive regular updates, please >> click here
 

10. What is AEV's dividend policy?

AEV’s cash dividend policy is to payout approximately one-third of its consolidated net income from the preceding fiscal year.
 

11. How much dividends have been declared by AEV? When did AEV pay these dividends?

Year
Cash Dividend (P)
   Stock Dividends
 
Per Share
Amount in
Number of Shares
Amount in Percentage
1995
 
730,077,000
20%
1996
 
 
1,314,137,621
30%
1997
 
 
 
1998
 
 
 
1999
0.02
 
 
2000
0.02
 
 
2001
0.04
 
 
2002
0.10
 
 
2003
0.10
 
 
2004
0.10
 
 
2005
0.12
 
 
2006
0.15
 
 
2007
0.20
 
 
2008
0.61
 
 
2009
0.27
 
 
2010
0.52
 
 
2011
1.58
 
 
2012
1.58
 
 
2013
2.00
 
 
2014
1.80
 
 
2015
1.11
 
 
2016
1.06
 
 
2017 1.33    
 

12. How can I find out the status of dividend payments on my shareholdings?

A stockholder may inquire about the status of the dividend payments on his/her shareholdings by sending AEV’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.
 

13. Why is it that I have not received any dividends and other correspondences for quite some time now?

It is most likely that non-receipt of dividends and other correspondences are tagged RTS (Return to Sender) and are currently under custody of the AEV’s stock transfer agent. The most common reason for the RTS is the stockholder’s movement to a new 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. In case this has already been done, it is recommended that the stock transfer agent be contacted directly by the stockholder to inquire on other possible reasons.
 

14. How can I replace my lost dividend check?

The following requirements should be submitted to the stock transfer agent.

            1. Duly notarized affidavit executed by the shareholder indicating the following:
                    1.1. Reason for cheque replacement (e.g. LOST, MISPLACED, NOT RECEIVED, DAMAGED or STOLEN )
                    1.2.  Statement that the shareholder will not deposit / present the subject cheque/s in the event that the same is found / recovered
                    1.3. Statement that the shareholder will immediately reimburse the issuer/stock transfer agent for the charges due to the presentment of the lost / stopped cheques.

             2. Duly notarized Indemnity Letter

             3. Duly sign specimen signature card and Valid identification cards

                 Clear copy of one (1) Primary ID OR two (2) Secondary IDs which bear shareholder’s exact name on record Primary IDs: Passport with signature, Philippine Driver’s License, PRC card, Digitized SSS /TIN Secondary IDs: Company ID, Credit/ ATM card, Laminated TIN, Senior Citizen CardFor all the IDs:

                 3.1. Kindly photocopy the front and back portion of the IDs
                 3. 2. Please ensure that the name and signature on the ID(s) match those on the affidavit / letter / form submitted
                 3.3. Please ensure that signature on the ID/s is verifiable
                 3.4. Please ensure that IDs are not expired

             4. Duly accomplished Stop Cheque Payment Form

             5. Replacement fee

             6. Duly accomplished request form
 

15. How can I replace a stale-dated dividend check?

    The following requirements should be submitted to the stock transfer agent.
 
  •                Presentation of the stale-dated checks
  •                Presentation of two (2) valid IDs
  •                Duly accomplished request form.

 

16. What is the applicable tax rate for dividends?

For an individual shareholder who is either a Filipino citizen or 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 own tax advisers concerning the tax consequences of their investment in the company's shares
 

17. If I sell my shares, what are the applicable taxes on the proceeds?

 If the sale is made through the PSE, a resident or 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 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 non-resident shareholder is 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
 

18. If the share of stock was transferred from a deceased stockholder, what is the applicable tax on the transfer?

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. Estate tax, however, shall not be collected in respect of 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 own tax advisers concerning the tax consequences of their investment in the company's shares
 

19. If the share of stock was transferred by way of gift or donation, what is the applicable tax on the transfer?

Individual and corporate shareholders, whether or not citizens or residents of the Philippines, who give or donate shares of stock are liable to pay Philippine donors’ tax on such transfer of shares, ranging from 2% to 15% of the net gifts during the year exceeding P100,000. Donor’s tax, however, shall not be collected in respect of 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 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 donor was a citizen and resident at the time of donation allowed a similar exemption from transfer 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 own tax advisers concerning the tax consequences of their investment in the company’s shares.
 

20. My name was erroneously printed on my stock certificates. How can this be corrected?

   The stockholder must surrender the certificates to the stock transfer agent, together with the following requirements:
  1.      Original Stock Certificate(s) duly endorsed by the Stockholder
  2.      Signed photocopies of two (2) valid IDs
  3.      Duly signed specimen signature card
  4.      Photocopy of Marriage Certificate
  5.      Birth Certificate
  6.      Joint Affidavit of one and the same person from two disinterested persons
  7.      Duly accomplished request form.
 

21. ​How can lost certificates be replaced?

The following requirements should be submitted to the stock transfer agent:
  1.      Notarized original AFFIDAVIT OF LOSS   or notarized original AFFIDAVIT OF NON RECEIPT  (triplicate copies)
  2.      Notarized original Affidavit of Publication (once a week for three consecutive weeks in a news paper of general circulation in principal office of the issuer). You may use this            proforma for the NOTICE OF LOSS
  3.      Waiting period of one (1) year from the date of last publication
  4.      Duly signed specimen signature card.
  5.      Presentment of IDS
                   
     ID Requirements: one (1) Primary Identification (Passport, Philippine Driver’s License, New SSS/TIN Digitized ID, or PRC License), OR two (2) Secondary Identification (Company ID, Credit      Card / ATM Card, Senior Citizen’s Card, Old SSS/TIN ID) of the shareholder

     For all the IDs:
 
  1.      Kindly photocopy the front and back portion of the ID/s
  2.      Please ensure that the name and signature on the ID/s match those on the form/documents submitted
  3.      Please ensure that signature on the ID/s is verifiable
  4.      Please ensure that ID/s are not expired

In case of deceased stockholder, applicant is required to provide the following:
 
  • certified true copy of death certificate of stockholder;
  • certified true copy of the marriage contract of applicant to deceased stockholder;
  • certified true copy of birth certificate of applicant; or
  • adoption document of applicant, if applicable
Processing fees Php22.40 per certificate cancelled and Php112.00 per issued certificateOptional : Surety Bond from a reputable surety / insurance company in an amount equivalent to market / book value of the shares covered by the lost stock certificates as indicated in the Issuer’s By-Laws; in lieu of the one (1) year waiting period.

Duly accomplished request form.
 

22. How can I transfer shares of stock of a deceased stockholder?


     The heirs must submit the Estate Requirements and follow these procedures: Requirements (in chronological order):
 
  1. NSO/Certified True Copy of Death Certificate
  2. Original Stock Certificate (in case of Lost, the heirs must comply first the requirements for lost cert replacement)
  3. Duly notarized Affidavit of Self – Adjudication (for sole heir) or Deed of Extrajudicial Settlement of Estate (template) (for more than one (1) heir)
  4. Affidavit of Publication - should be published one every three (3) consecutive weeks - in the publication, it should reflect the doc no. book no., page no., and series no.
  5. Payment of 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 BIR.  List of Documents needed from BIR - CAR (form 1954) - Tax Clearance Certificate - Payment of Documentary Stamp (form 2000) - (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 immediate transfer of the shares. If not, transfer may take place two years after the publication)
  7. Registered Docs from Registry of Deeds - Shares of Stocks are to be registered under Personal Property - requirements from A-F must be present (all original docs)
  8. Specimen Signature Card & Two valid IDs of all heirs
  9. Processing Fees Php22.40 per certificate cancelled and Php112.00 per issued certificate
  10. Duly accomplished request form. ​

Kindly mail the accomplished forms/requirements to:

STOCK TRANSFER SERVICE, INC. 34th Flr., Rufino Plaza, Ayala Avenue, Makati City
Telephone. : +632 403-3433/ +632 403-3798 Contact Person: Mr. Michael C. Capoy Email Address: mccapoy@stocktransfer.com.ph​
 

23. How can I sell my shares?

A stockholder who wishes to sell its shares can transact through any of the stockbrokerage houses, which are members of the Philippine Stock Exchange (PSE). You may check from PSE website for the list of stockbrokers.
 

24. How do I change the address on my account?

Please submit the duly accomplished change of address form
Kindly mail the accomplished forms/requirements to:
STOCK TRANSFER SERVICE, INC. UNIT 34-D RUFINO PACIFIC TOWER, 6784 AYALA AVENUE, MAKATI CITY
TEL. # 403-3798, 403-2410, 403-2412
Email: mccapoy@stocktransfer.com.ph/marinel.mangubat@aboitiz.com​
 

25. Who is AEV's stock transfer agent?

AEV's stock transfer agent is STOCK TRANSFER SERVICE, INC., which acts as the principal record-keeping agent for 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. : +632 403-3433/ +632 403-3798

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.