Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Energy Development Corp    EDC   PHY2292T1026

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Energy Development Corp : May 7, 2013 Annual Stockholders’ Meeting and Organizational Meeting Approved Resolutions

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/08/2013 | 03:21am CEST

e nergy

Drvr: OF TNl C , . 'OR " l'

Energy Development Corporation

38'h Floor, One Corporale Centre Building, Julia Vargas corner Meralco Avenue

Ortigas Center, Pasig 1605,Philippines

Trunkl ines: +63 (2) 667-7332 (PLDT) l +63 (2) 755-2332 (Giobe)

May 7, 2013

JANET A. ENCARNACION

HEAD, Disclosures Department

The Philippine Stock Exchange, Inc. Philippine Stock Exchange Plaza

Ayala Triangle, Ayala Avenue, Makati City

Dear Ms. Encamacion:

We advise that at the Annua!Meeting of Stockholders held on May 7, 2013, the stockholders of the Energy Development Corporation (the "Company") elected the following Board of Directors:

Regular Directors

l . Oscar M. Lopez

2. Federico R. Lopez

3. Peter D. Garrucho, Jr.

4. Elpidio L. Ibafiez

5. Ernesto B. Pantangco

6. Francis Giles B. Puno

7. Jonathan C. Russell

8. Richard B. Tantoco

Independent Directors

1. Edgar O. Chua

2. Francisco Ed. Lim

3. Arturo T. Valdez

During the organizational meeting of the new Board of Directors held immediately after the stockholders' meeting, the following officers were elected:

NAME OSCAR M. LOPEZ FEDERICO R. LOPEZ

RICHARD B. TANTOCO ERNESTO B. PANTANGCO AGNES C. DE JESUS

POSITION Chairman Emeritus Chairman & CEO

President & COO Executive Vice President

Senior Vice President for the Environmental and Extemal

Relations Sector, and Compliance Officer

NAME

NESTOR H. VASAY

POSITION

Senior Vice President for the Finance Sector/CFO/ Treasurer
RICO G. BERSAMIN Senior Vice President for the Steam Field Operations
Sector
MANUEL S. OGENA Senior Vice President for the Technical Services Sector DOMINIC M. CAMU Senior Vice President for Power Generation Sector MARCELINO M. TONGCO Senior Vice President for Strategie Contracting
MA. ELIZABETH D. NASOL Vice President for the Human Resource Management
Sector
VINCENT MARTIN C. Vice President for the Business Development Sector
VILLEGAS
ARIEL ARMAN V. LAPUS Vice President for Business Development Intemational
FERDINAND B. POBLETE Vice President for lnformation Services/Chief lnformation Officer
WILFREDO A. MALONZO Vice President for the Supply Chain Management Sector
ERWIN O. AVANTE Vice President for Corporate Finance
DWIGHT A. MAXINO Vice President for Southem Negros and Northem Negros
Geothermal Production Field
MANUEL C. PAETE Vice President for Leyte Geothermal Production Field
LIBERATO S. VIRATA Vice President for Bacon Manito (Bacman) Geothermal
Production Field
ELLSWORTH R. LUCERO Vice President for Leyte Power Plant Operations
ERUDITO S. RECIO lnvestor Relations and Corporate Information Officer
GLENN L. TEE Chief Audit Executive
TEODORICO R. DELFIN Corporate Secretary
ANA MARIA A. KATIGBAK Assistant Corporate Secretary
The Board elected the following members to the Nominations & Compensation, Audit &
Govemance, Risk Management, Corporate Social Responsibility, and Operations Committees:

Nomination and Compensation Committee

Federico R. Lopez (Chairman) Elpidio L. lbaiiez

Francis Giles B. Puno

Peter D. Garrucho, Jr.

Arturo T. Valdez (Independent Director)

Management Representative: Ma. Elizabeth D. Naso!

Audit and Governance Committee

Edgar O. Chua (Chairman; lndependent Director) Francisco Ed. Lim (lndependent Director)

Arturo T. Valdez (lndependent Director)

Francis Giles B. Puno

Ernesto B. Pantangco

Management Representatives: Nestor H Vasay

Dominic M Camu

Risk Management Committee

Francis Giles B. Puno (Chairman) Jonathan C. Russe/l

Peter D. Garrucho, Jr.

Management Representatives: Nestor H Vasay

Dominic M. Camu

Rico G. Bersamin

Corporate Social Responsibility (CSR) Committee

Federico R. Lopez (Chairman)

Edgar O. Chua (lndependent Director) Arturo T. Valdez (lndependent Director) Ernesto B. Pantangco

Management Representatives: Marcelino M Tongco

Agnes C. de Jesus

Operations Committee

Federico R. Lopez Richard B. Tantoco Francis Giles B. Puno Ernesto B. Pantangco Jonathan C. Russe!! Peter D. Garrucho, Jr. Elpidio L. Ibaiiez

Very truly yours,

Erut:: RL

Investor Relations Manager &

Corporate Information Officer

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENERGY DEVELOPMENT CORP
05/19 ENERGY DEVELOPMENT : Amended Manual on Corporate Governance
05/19 ENERGY DEVELOPMENT : Updates on ACGR
05/15 ENERGY DEVELOPMENT : Clarification of News Article entitled “EDC allocates..
05/12 ENERGY DEVELOPMENT : EDC to borrow P1 to P2 billion to refinance debts
05/09 ENERGY DEVELOPMENT : EDC allocates P7-billion capex to improve its steam plants
05/09 ENERGY DEVELOPMENT : Results of the ASM and Organizational Board Meeting (May 8,..
05/08 ENERGY DEVELOPMENT : EDC allots P7 B to rehab old plants
05/08 PRESS RELEASE : EDC reports 1Q 2017 attributable recurring net income of Php3.25..
05/04 MAY 10, 2017 (3 : 30 p.m.) Conference Call on 1Q 2017 Financial and Operating Re..
04/27 EDC borrows P5 B from Security Bank
More news
Sector news : Renewable Utilities
05/25 Russia says state firms should use IAS profit as base for dividends
05/25DJAMERICAN ELECTRIC POWER : Coal Mines Are Reimagined as a New Power Source
05/23 Westinghouse reaches deal for $800 million U.S. bankruptcy loan
05/19 European shares claw back gains after worst week in six months
05/19DJCLP : Australian State Fund Manager Seeks Damages From CLP Holdings Units
More sector news : Renewable Utilities
News from SeekingAlpha
2016 Energy Development Corp. ADR 2016 Q3 - Results - Earnings Call Slides
Advertisement
Financials ( PHP)
Sales 2017 35 020 M
EBIT 2017 14 970 M
Net income 2017 9 939 M
Debt 2017 54 654 M
Yield 2017 3,92%
P/E ratio 2017 11,56
P/E ratio 2018 10,77
EV / Sales 2017 4,78x
EV / Sales 2018 4,43x
Capitalization 112 609 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 7,13  PHP
Spread / Average Target 19%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Federico Rufino Lopez Chairman & Chief Executive Officer
Richard B. Tantoco President, COO & Executive Director
Nestor H. Vasay Chief Financial Officer, Treasurer & Senior VP
Ferdinand B. Poblete Chief Information Officer
Francis Giles B. Puno Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ENERGY DEVELOPMENT COR..2 264
NEXTERA ENERGY INC17.79%65 875
ENEL S.P.A.14.80%54 635
CHINA YANGTZE POWER CO..15.64%47 002
INNOGY SE8.82%22 304
TENAGA NASIONAL BHD--.--%18 302
More Results