SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, celebrated on Tuesday its 30th listing anniversary as a public company through a ceremonial bell-ringing at the Philippine Stock Exchange (PSE) Tower in Taguig City.
SM Prime’s board and key officers led by chairman Henry Sy Jr, vice chairman and independent director Amando Tetangco Jr., chairman of the executive committee Hans Sy and president Jeffrey Lim attended the event.
Also present were the members of the board and management of the PSE headed by its chairman Jose Pardo, president Ramon Monzon, director Vivian Yuchengco and vice president Roel Refran.
“We are beyond grateful to reach a remarkable milestone in SM Prime’s history as we celebrate our 30th listing anniversary as a public company. Guided by the vision of our founder, Mr. Henry Sy, SM Prime was incorporated to build and operate world-class one-stop shops for shopping, dining, amusement, and entertainment in the Philippines. Over the years, SM Prime has continued to achieve new heights as an integrated property developer,” Lim said.
SM Prime, attesting to its commitment to excellence, has been recognized by various entities for its strong front in corporate governance. The Institute of Corporate Directors (ICD) awarded SM Prime with the Five Golden Arrow Awards for its proactive engagement in corporate governance best practices.
The company also received numerous recognitions from the 14th Asian Excellence Awards by the Corporate Governance Asia, as well as a Gold Award for Diversity, Equity, and Inclusion at the recent FinanceAsia Awards.
SM Prime has been honored as one of the Best Employers by Statista as well as Philippines’ Best Employer Brands for 2024 at the Philippines’ Leadership Awards for its efforts in prioritizing the well-being of its employees.
These achievements are a result of diligent and passionate work of the employees and Management, guided by its board of directors.
“We extend our heartfelt gratitude to all who have been a part of our remarkable journey – to our shareholders, customers, business partners, the investing public, the bankers, and the media – your unwavering support has been pivotal in our growth. May this new milestone bring more optimism to further the growth of the company, powered by our passion and determination to deliver a better future for everyone, today and in the years to come,” Lim said.
SMPH had its stock market debut on July 5, 1994 after raising close to P6 billion from the sale of primary and secondary shares during its initial public offering
Monzon cited some of SMPH’s achievements in the stock market during his welcome message including its consistent inclusion in the PSEi since October 1994, its yearly dividend payout since 1996 and for being the first Philippine listed company to breach the P1-trillion market capitalization mark in 2017.
“Taking into account all the dividends and the appreciation of SM Prime’s stock price since its 1994 IPO, investors who bought SM Prime during its IPO would have earned a mind-boggling return of 972.6 percent,” Monzon said.
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