Ramos-owned Alakor controls his publicly traded stocks

ALAKOR Securities Corp. indirectly owned 2,024,240,515 common shares in Anglo Philippines Holdings Corp. (APO) as of November, according to PCD Nominee Corp., which holds common and preferred shares in listed stocks.

In its public ownership report (PAO), Anglo Philippines said that as of September 30, National Book Store Inc. was one of its two principal stockholders, indirectly holding 770,800,465 common shares, or 25.9 percent of its 3,003,302,538 outstanding common shares. The other, Alakor, indirect owned 1,630,037,486 or 54.27 percent. Their indirect holdings total 2,407,837,951 or 80.17 percent. Public stockholders owned 497,430,662 or 16.56 percent.

Anglo Philippines shares peaked at a 30-day high of P1.07 on Jan. 8, 2021, when they opened at a session low of P0.83, and closed at P0.86. They fell to a 30-day low of P0.66 on Nov. 19, 2020, when they opened at P0.67; climbed to a session high of P0.69; and closed at P0.68.

*** Alakor also indirectly holds 370,907,986 common shares, or 25.58 percent of Vulcan Industrial & Mining Corp.’s (VUL)1.45 outstanding common shares, according to the website of the Philippine Stock Exchange (PSE).

Vulcan Industrial had 11 directors owning 10.822 million common shares, or 0.74 percent, as of September 30, its POR said. It listed sole principal stockholder National Book Store as owning 850 million or 58.62 percent. Of this, 486,055,662 are directly owned and 363,944,338, indirectly owned.

Vulcan Industrial shares peaked at a 30-day high of P1.39 on Dec. 17, 2020, when they opened at P1.36; dropped to P1.30; and closed at a session low of P1.30. They fell — and closed — to a 30-day low of P1 on Jan. 5, 2021, when they opened at a session high of P1.08.

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Alakor also indirectly holds as of December 129,924,022,445 common shares, or 49.72 percent, of United Paragon Mining Corp.’s (UPM) 261,314,797,080 outstanding common shares with a par value of P0.01 each, according to the PSE website.

Of the outstanding, three principal/substantial stockholders hold 205,328,291,218 common shares, or 78.58 percent: National Book Store, 84,325,108,842 or 32.27 percent (indirect); Alakor, 53,884,038,981 or 20.62 percent; and Anglo Philippines, 67,119,143,395 common shares, or 25.69 percent. Public stockholders accounted for 55,296,691,544 or 21.16 percent as of September 30, according to a POR.

United Paragon shares peaked at a 30-day high of P0.0072 on Dec. 10, 2020, when they opened at and later dropped to P0.0062, and closed at P0.0067. They fell to a 30-day low of P0.0051 on November 20, when they opened at that amount P0.0051, and rose and closed at a session high of P0.0052.

On November 23, they opened at a session high of P0.0053 and closed at P0.0051. On November 24, they opened at that amount, climbed to P0.0054 and closed at P0.0053. On November 26 and 27, they again opened at P0.0051, and climbed and finished at P0.0052. On December 1, they opened and closed at P0.0052.

*** United Paragon President and Chief Executive Officer (CEO) Alfredo Ramos is also the chairman of the company’s 11-person board. Besides Ramos, the company’s highest-paid executives are Gerard Anton Ramos, vice president; Adrian Paulino Ramos, treasurer; Gilbert Rabago, finance and administrative manager; and Iris-Marie Carpio-Duque, legal and compliance officer and corporate secretary. As a group, United Paragon paid them P600,000 in salaries in 2018 and 2019.

*** Alfredo is also the chairman and CEO of Anglo Philippines, and one of its four highest-paid officers. The others are Adrian Arias, executive vice president for legal and administration; Adrian Paulino, president and chief operating officer; and Gerard, executive vice president for investments. The company paid them P10,633,100 and P11,309,557 in salaries and P1,526,800 and P1,954,800 in bonuses in 2018 and 2019, respectively. They were expected to get P12,440,512 in salaries and P2,150,280 in bonuses in 2020.

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Atlas Consolidated Mining and Development Corp. said the 11 directors making up its board are among its highest-paid executives. They include Alfredo, chairman; Adrian Paulino, president and CEO; Martin Buckingham, executive vice president; Fernando Rimando, chief financial officer, vice president for finance and chief risk officer; Feliciano Alvarez, chief audit executive and assistant vice president for external audit; Leila Cabanes, treasurer, manager for treasury and commercial development; and Amour Belen, manager for the finance department.

Atlas paid them P28,937,854 in 2017, P33,976,286 in 2018 and P24,851,898 in 2019, according to the firm’s general information sheet.

Who are Atlas Mining’s billionaires? Just asking.