SM Prime Holdings Inc. Approves Cash Dividend, Payable on or Before June 10, 2014; Announces Management Elections
April 15, 2014
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SM Prime Holdings Inc. announced that at the regular meeting of the board of directors of the company held on April 15, 2014 approved the declaration of a PHP 0.19 centavos cash dividend per share amounting to PHP 5.3 billion in favor of stockholders of record as of May 15, 2014, payable on or before June 10, 2014;
The company announced that at the organizational meeting of the board of directors of the company held on April 15, 2014 elected John C. Ong as Senior Vice President-Chief Finance Officer; Maria Luisa M. Salud as Vice President-Corporate Communications; Anna Maria S. Garcia as Business Unit Head-Malls; Jose Mari H. Banzon as Business Unit Head-Residential; David L. Rafael as Business Unit Head-Offices; Shirley C. Ong as Business Unit Head-Leisure and Resorts; Marrisa L. Nubla as Business Development Head-Hotels and Convention Centersl; and Jose T. Sio and Serafin U. Salvador as Members of Audit and Risk Management Committee; and Jeffrey C. Limm, Teresa Cecilia H. Reyes and Emmanuel C. Paras as alternate compliance officer.
SM Prime Holdings, Inc. is a Philippines-based integrated property developer, which is engaged in the development of malls, residences, offices, hotels and convention centers. The Company has approximately 85 malls in Philippines and eight shopping malls in China, totaling 10.8 million square meters of Gross Floor Area (GFA). In the Philippines, the Company has a total of approximately 20,615 tenants and 2,183 tenants in China. The Mall segment develops, conducts, operates and maintains the business of modern commercial shopping centers and all businesses related thereto. Residential and commercial segments are involved in the development and transformation of residential, commercial, entertainment and tourism districts through sustained capital investments in buildings and infrastructure. The Hotels and Convention Centers segment is engaged in and carries on the business of hotel and convention centers and operates and maintains all services and facilities incident thereto.