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SEC Form 20-IS (Definitive Information Statement) of Aboitiz Power Corporation for the 2020 Annual Stockholders’S Meeting for Your Files

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SEC Form 20-IS (Definitive Information Statement) of Aboitiz Power Corporation for the 2020 Annual Stockholders’S Meeting for Your Files April 1, 2020 SECURITIES AND EXCHANGE COMMISSION Secretariat Building, PICC Complex, Roxas Boulevard, Pasay City, 1307 ATTENTION : DIR. VICENTE GRACIANO P. FELIZMENIO, JR. Markets and Securities Regulation Department via PSE EDGE PHILIPPINE STOCK EXCHANGE, INC. PSE Tower, 28th Street cor. 5th Avenue, Bonifacio Global City, Taguig City ATTENTION : MS. JANET A. ENCARNACION Head, Disclosure Department via electronic mail PHILIPPINE DEALING & EXCHANGE CORP. 29th Floor BDO Equitable Tower 8751 Paseo de Roxas, Makati City 1226 ATTENTION : ATTY. MARIE ROSE M. MAGALLEN-LIRIO Head – Issuer Compliance and Disclosures Department Gentlemen: Attached is the SEC Form 20-IS (Definitive Information Statement) of Aboitiz Power Corporation for the 2020 Annual Stockholders’s Meeting for your files. Kindly acknowledge receipt hereof. Thank you. Very truly yours, ABOITIZ POWER CORPORATION By: MANUEL ALBERTO R. COLAYCO Corporate Secretary COVER SHEET C 1 9 9 8 0 0 1 3 4 S.E.C. Registration Number A B O I T I Z P O W E R C O R P O R A T I O N ( Company's Full Name ) 3 2 N D S T R E E T , B O N I F A C I O G L O B A L C I T Y , T A G U I G C I T Y , M E T R O M A N I L A P H I L I P P I N E S (Business Address: No. Street City / Town / Province ) MANUEL ALBERTO R. COLAYCO 02-8 886-2338 Contact Person Company Telephone Number 4th Monday of April 1 2 3 1 2 0 - I S 0 4 2 7 Month Day FORM TYPE Month Day Fiscal Year Annual Meeting N/A Secondary License Type, if Applicable SEC N/A Dept. Requiring this Doc Amended Articles Number/Section x Total No. of Stockholders Domestic Foreign - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To be accomplished by SEC Personnel concerned File Number LCU Document I.D. Cashier S T A M P S Remarks = Pls. use black ink for scanning purposes SEC FORM 20-IS (INFORMATION STATEMENT) TABLE OF CONTENTS INFORMATION REQUIRED IN INFORMATION STATEMENT ............................ 6 A. GENERAL INFORMATION .................................................................................................................... 6 Item 1. Date, time and place of the 2020 Annual Stockholders’ Meeting .............................................. 6 Item 2. Dissenter’s Right of Appraisal ..................................................................................................... 6 Item 3. Interest of Certain Persons in or Opposition to Matters to be Acted Upon............................... 7 B. CONTROL AND COMPENSATION INFORMATION ................................................................................ 7 Item 4. Voting Securities and Principal Holders Thereof ........................................................................ 7 (a) Class of Voting Shares as of March 31, 2020: ..................................................................................... 7 (b) Record Date ........................................................................................................................................ 7 (c) Election of Directors and Cumulative Voting Rights ........................................................................... 7 (1) Security Ownership of Certain Record and Beneficial Owners (more than 5% of the voting shares) as of March 31, 2020 ...................................................................................................... 9 (2) Security Ownership of Management as of March 31, 2020 (Record and Beneficial) ................ 10 (3) Voting Trust Holders of Five Per Centum (5%) or More of Common Equity ............................. 11 (4) Changes in Control .................................................................................................................... 11 Item 5. Directors and Executive Officers .............................................................................................. 11 (a) Directors and Officers for 2019-2020 ............................................................................................... 11 (1) Directors for 2019-2020 ............................................................................................................ 12 (2) Significant Employees ............................................................................................................... 26 (3) Family Relationships ................................................................................................................. 26 (4) Involvement in Certain Legal Proceedings as of March 31, 2020 ............................................. 26 (5) Certain Relationships and Related Transactions ....................................................................... 26 (6) Parent Company ....................................................................................................................... 27 Item 6. Compensation of Directors and Executive Officers .................................................................. 27 (a) Summary of Compensation of Executive Officers ............................................................................ 27 (b) Compensation of Directors ............................................................................................................... 28 (1) Standard Arrangements ............................................................................................................ 28 (2) Other Arrangements ................................................................................................................. 29 (c) Employment Contracts and Termination of Employment and Change-in-Control Arrangements ... 29 (d) Warrants and Options Outstanding .................................................................................................. 29 Item 7. Independent Public Accountant ............................................................................................... 29 Item 8. Compensation Plans ................................................................................................................. 29 C. ISSUANCE ......................................................................................................................................... 29 Item 9. Authorization or Issuance of Securities Other Than for Exchange ........................................... 29 Item 10. Modification or Exchange of Securities .................................................................................... 32 Item 11. Financial and Other Information .............................................................................................. 32 Item 12. Mergers, Consolidations, Acquisitions and Similar Matters ..................................................... 32 Item 13. Acquisition or Disposition of Property ..................................................................................... 32 Item 14. Restatement of Accounts ......................................................................................................... 33 D. OTHER MATTERS .............................................................................................................................. 33 Item 15. Action with Respect to Reports ................................................................................................ 33 Item 16. Matters Not Required to be Submitted .................................................................................... 33 Item 17. Amendment of Charter, By-Laws or Other Documents ........................................................... 34 Item 18. Other Proposed Actions ........................................................................................................... 37 Item 19. Voting Procedures .................................................................................................................... 38 (a) Votes Required for Matters Submitted for Approval of the Shareholders ....................................... 38 (b) The Method by which Votes will be Counted ................................................................................... 38 PART I – BUSINESS AND GENERAL INFORMATION ....................................... 46 Item 1. Business .............................................................................................................................. 46 (1) Overview................................................................................................................................... 46 (2) Business Development ............................................................................................................. 46 (3) Business of Issuer ..................................................................................................................... 49 (a) Description of Registrant .................................................................................................................. 49 (i) Principal Products or Services ........................................................................................................... 49 (ii) Sales .................................................................................................................................................. 67 (iii) Distribution Methods of the Products or Services ............................................................................ 67 Annual Report 2018 i SEC FORM 20-IS (INFORMATION STATEMENT) (iv) New Products/Services ..................................................................................................................... 68 (v) Competition .....................................................................................................................................
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