| Schedule of Redemption, of Outstanding Shares of Cumulative Convertible Preferred Stock |
The Board of Directors approved the redemption, or the Redemption, of all outstanding shares of the following 10% Cumulative Convertible Preferred Stock as follows:
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Date of Board Approval |
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Series |
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Amount set aside for
Redemption Price |
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Amount set aside for
Unclaimed Dividends |
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Date of Redemption |
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Redemption Period |
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September 23, 2011 |
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A-FF |
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Php4,029 million |
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Php4,143 million |
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January 19, 2012 |
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January 19, 2012 to
January 19, 2022 |
May 8, 2012 |
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GG |
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Php236 thousand |
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Php74 thousand |
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August 30, 2012 |
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August 30, 2012 to
August 30, 2022 |
January 29, 2013 |
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HH
(issued in 2007) |
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Php24 thousand |
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Php6 thousand |
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May 16, 2013 |
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May 16, 2013 to
May 16, 2023 |
January 28, 2014 |
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HH
(issued in 2008) |
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Php2 thousand |
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Php1 thousand |
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May 16, 2014 |
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May 16, 2014 to
May 16, 2024 |
January 26, 2016 |
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II |
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Php4 thousand |
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__ |
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May 11, 2016 |
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May 11, 2016 to
May 11, 2026 |
January 28, 2020 |
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JJ |
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__ |
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__ |
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May 12, 2020 |
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May 12, 2020 to
May 12, 2030 |
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| Summary of Dividends Declared |
Our dividends declared for the years ended December 31, 2025, 2024 and 2023 are detailed as follows: December 31, 2025
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Date |
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Amount |
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Class |
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Approved |
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Record |
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Payable |
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Per Share |
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Total |
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(in million pesos, except per share amounts) |
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Cumulative Non-Convertible
Redeemable Preferred Stock |
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Series IV (1) |
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January 28, 2025 |
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February 11, 2025 |
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March 15, 2025 |
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— |
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12 |
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May 15, 2025 |
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May 22, 2025 |
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June 15, 2025 |
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— |
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12 |
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August 12, 2025 |
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August 26, 2025 |
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September 15, 2025 |
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— |
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12 |
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November 11, 2025 |
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November 25, 2025 |
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December 15, 2025 |
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— |
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13 |
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49 |
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Voting Preferred Stock |
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March 20, 2025 |
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April 3, 2025 |
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April 15, 2025 |
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— |
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2 |
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June 10, 2025 |
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June 24, 2025 |
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July 15, 2025 |
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— |
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3 |
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August 12, 2025 |
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September 15, 2025 |
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October 15, 2025 |
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— |
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3 |
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` |
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December 2, 2025 |
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December 16, 2025 |
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January 15, 2026 |
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— |
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2 |
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10 |
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Common Stock |
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Regular Dividend |
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February 27, 2025 |
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March 13, 2025 |
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April 3, 2025 |
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47.00 |
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10,155 |
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August 12, 2025 |
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August 28, 2025 |
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September 10, 2025 |
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48.00 |
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10,370 |
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20,525 |
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Charged to retained earnings |
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20,584 |
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(1) Dividends were declared based on the total amount subscribed. December 31, 2024
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Date |
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Amount |
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Class |
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Approved |
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Record |
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Payable |
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Per Share |
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Total |
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(in million pesos, except per share amounts) |
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Cumulative Non-Convertible
Redeemable Preferred Stock |
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Series IV (1) |
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January 30, 2024 |
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February 14, 2024 |
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March 15, 2024 |
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— |
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12 |
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May 9, 2024 |
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May 24, 2024 |
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June 15, 2024 |
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— |
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13 |
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August 13, 2024 |
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August 28, 2024 |
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September 15, 2024 |
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— |
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12 |
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November 12, 2024 |
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November 28, 2024 |
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December 15, 2024 |
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— |
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12 |
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49 |
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Voting Preferred Stock |
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March 21, 2024 |
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April 5, 2024 |
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April 15, 2024 |
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— |
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2 |
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June 11, 2024 |
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June 28, 2024 |
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July 15, 2024 |
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— |
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3 |
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August 13, 2024 |
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September 16, 2024 |
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October 15, 2024 |
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— |
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2 |
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December 3, 2024 |
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December 17, 2024 |
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January 15, 2025 |
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— |
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3 |
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10 |
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Common Stock |
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Regular Dividend |
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March 7, 2024 |
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March 21, 2024 |
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April 5, 2024 |
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46.00 |
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9,938 |
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August 13, 2024 |
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August 27, 2024 |
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September 11, 2024 |
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50.00 |
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10,803 |
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20,741 |
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Charged to retained earnings |
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20,800 |
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(1) Dividends were declared based on the total amount subscribed. December 31, 2023
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Date |
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Amount |
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Class |
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Approved |
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Record |
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Payable |
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Per Share |
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Total |
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(in million pesos, except per share amounts) |
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Cumulative Non-Convertible Redeemable Preferred Stock |
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Series IV (1) |
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January 31, 2023 |
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February 27, 2023 |
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March 15, 2023 |
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— |
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12 |
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May 4, 2023 |
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May 19, 2023 |
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June 15, 2023 |
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— |
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12 |
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August 3, 2023 |
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August 19, 2023 |
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September 15, 2023 |
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— |
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13 |
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November 7, 2023 |
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November 22,2023 |
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December 15,2023 |
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— |
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12 |
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49 |
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Voting Preferred Stock |
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March 2, 2023 |
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March 17, 2023 |
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April 15, 2023 |
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— |
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3 |
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June 13, 2023 |
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June 28, 2023 |
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July 15, 2023 |
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— |
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3 |
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August 29, 2023 |
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September 13, 2023 |
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October 15, 2023 |
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— |
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2 |
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December 5, 2023 |
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December 22, 2023 |
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January 15, 2024 |
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— |
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2 |
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10 |
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Common Stock |
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Regular Dividend |
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March 23, 2023 |
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April 11, 2023 |
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April 24, 2023 |
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45.00 |
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9,722 |
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August 3, 2023 |
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August 17, 2023 |
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September 4, 2023 |
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49.00 |
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10,587 |
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March 23, 2023 |
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April 11, 2023 |
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April 24, 2023 |
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14.00 |
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3,025 |
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23,334 |
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Charged to retained earnings |
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23,393 |
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(1) Dividends were declared based on the total amount subscribed. Our dividends declared after December 31, 2025 are detailed as follows:
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Date |
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Amount |
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Class |
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Approved |
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Record |
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Payable |
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Per Share |
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Total |
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(in million pesos, except per share amounts) |
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Voting Preferred Stock |
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February 26, 2026 |
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April 2, 2026 |
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April 15, 2026 |
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— |
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2 |
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2 |
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Cumulative Non-Convertible
Redeemable Preferred Stock |
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Series IV (1) |
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January 27, 2026 |
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February 10, 2026 |
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March 15, 2026 |
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— |
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12 |
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12 |
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Common Stock |
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Regular Dividend |
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February 26, 2026 |
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March 26, 2026 |
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April 16, 2026 |
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46 |
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9,939 |
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9,939 |
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Charged to retained earnings |
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9,953 |
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(1) Dividends were declared based on the total amount subscribed.
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