• General Corporate Information
• Investor Information
• Capital Stock Information
• Investor Relations Contact
• General Corporate Information
What is the fiscal year of First Gen?
The fiscal year of First Gen begins on the first day of January and ends on the last day of December of each year.
Does First Gen have a Manual of Corporate Governance?
Yes. First Gen's Manual of Corporate Governance has been in effect since February 24, 2005. Among the items instituted by First Gen in accordance with the Manual of Corporate Governance are: election of two independent directors, formation of audit, nomination, and compensation committees, and the setting up of a compliance system.
• Investor Information
How much is the authorized capital stock of First Gen? What are the types of shares of First Gen and which are publicly traded?
The authorized capital stock of First Gen is Php7.25 billion divided into 6 billion common stocks with a par value of Php1.00 per share, and 2.5 billion preferred stocks with a par value of Php0.50 per share. First Gen's common shares are publicly traded.
What is the ticker symbol for First Gen's common shares?
FGEN
What is First Gen's International Securities Identification Number?
PHY2518H1143
Where are First Gen's common shares listed?
First Gen's common shares are listed on the Philippine Stock Exchange (PSE).
How can I invest in First Gen's common shares?
First Gen's common shares may be purchased through a stock brokerage accredited by the PSE.
What is the maximum foreign ownership in First Gen?
The Philippine Constitution and related statutes set forth restrictions on foreign ownership of companies engaged in certain activities. Since First Gen's subsidiaries own land, and First Gas Holdings Corporation or First Gas Pipeline Corporation, two subsidiaries of First Gen, hold and exercise the rights and privileges under a legislative franchise, foreign ownership in First Gen is limited to a maximum of 40.0% of issued and outstanding capital stock entitled to vote.
Who are the major shareholders of First Gen?
First Gen's common shares continue to be majority-owned by First Philippine Holdings Corportion (FPHC). All of First Gen's preferred shares are also owned by FPHC.
Who is First Gen's stock transfer agent?
First Gen's stock transfer agent is Securities Transfer Services, Inc., with the following contact details:
Address: 4th Floor, Benpres Building, Exchange Road, Pasig City.
Tel. No.: (632) 631-8024 to 30
(632) 633-3505
(632) 633-3503
(632) 1622-8881 to 82
E-mail: stsi@fphc.com
What is First Gen's dividend policy?
The board of directors is authorized to declare dividends. A cash dividend declaration does not require any approval from shareholders. A stock dividend declaration requires the further approval of shareholders holding or representing not less than two-thirds of the company's outstanding capital stock. Under the Corporation Code, the Company may not make any distribution of dividends other than out of its unrestricted retained earnings.
Subject to the preferential dividend rights of the voting preferred shareholders, each holder of a common share is entitled to such dividends as may be declared in accordance with First Gen's dividend policy. First Gen's current dividend policy entitles holders of common shares to receive annual cash dividends equivalent to 30.0% of the prior year's recurring net income based on the recommendation of the board of directors. Such recommendation will take into consideration factors such as debt service requirements, the implementation of business plans, operating expenses, budgets, funding for new investments and acquisitions, appropriate reserves and working capital.
When is the annual stockholders' meeting held?
Under First Gen's By-Laws, the annual meeting of stockholders is fixed on the second Wednesday of May of each year if said day is not a legal holiday. If said day is a legal holiday, then the meeting is to be held on the following day. Special meetings, unless otherwise provided by law, may be called at any time by the President and Secretary of First Gen upon orders of the board of directors. The Secretary shall call a special meeting of stockholders whenever he is required in writing to do so by stockholders of record owning a majority of the capital stock of First Gen entitled to vote at such meetings. Prior written notice is sent in advance to all shareholders of record as of a certain date for all regular and special shareholders meetings.
In addition to First Gen's common shares, is there any other public security issued by First Gen?
Yes. First Gen, in 2005, issued an 11.55% fixed coupon, Php5-billion, five-year, bullet payment, Philippine Peso bond maturing in 2010. The said bond is not listed in any exchange.
In 2008, First Gen issued a 2.5 percent coupon, USD260.0-million convertible bond due February 11, 2013. The convertible bond is listed on the Singapore Exchange.
• Capital Stock Information
What are the basic features and characteristics of First Gen's common shares?
At each meeting of the shareholders, every common shareholder entitled to vote on a particular question or matter involved shall be entitled to one vote for each share of common stock standing in his name in the books of First Gen at the time of the closing of the transfer books for such meeting.
The common shares are neither convertible nor subject to redemption. All of First Gen's issued common shares are fully paid and non-assessable and are free and clear of all liens, claims and encumbrances.
Subject to the preferential rights of voting preferred shareholders, each holder of a common share is entitled to a pro rata share in the assets of First Gen available for distribution to the shareholders in the event of dissolution, liquidation and winding up.
Do the First Gen common shares have pre-emptive rights?
The amended articles of incorporation of First Gen provide that the shareholders shall not have any pre-emptive rights.
What are the basic features and characteristics of First Gen's voting preferred shares?
At each meeting of the shareholders, every common shareholder entitled to vote on a particular question or matter involved shall be entitled to one vote for each share of preferred stock standing in his name in the books of First Gen at the time of the closing of the transfer books for such meeting.
The voting preferred shares are cumulative and non-participating, which are entitled to an annual cash dividend of Php0.05 per share. These are also non-convertible, and are redeemable only at First Gen's option starting from the time the Philippine Constitution is amended such that the requirement that corporations must be at least 60% owned by Philippine Nationals in order to hold title to land and to own and operate a public utility is lifted.
The voting preferred shares are also transferable only to Philippine citizens or corporations at least 60% of whose outstanding equity capital is beneficially owned by Philippine citizens, who, in either case, are not in competition with FPHC or any of its affiliates.
• Investor Relations Contact
Who can I contact about specific investor relations questions?
If you can't find the information you're looking for in our website, you may contact us through the following:
Mr. Emmanuel P. Singson
Address: 3rd Floor, Benpres Building, Exchange Road, Pasig City.
Tel. No.: (632) 449-6400
(632) 449-6210
(632) 449-6240
(632) 449-6247
Fax No.: (632) 635-2322
E-mail: InvestorRelations@firstgen.com.ph
