Emperador increases public float

MANILA, Philippines — Andrew Tan-led Emperador Inc., a leading global brandy and whisky conglomerate, increased its public float to 20.1 percent from 15.7 percent as of end-September.

This was on the back of strong investor appetite for the stock.

“The increase in float reflects the robust investor appetite for Emperador stock and should improve liquidity of the shares,” Emperador said in a regulatory filing yesterday.

Emperador noted that the strong investor appetite comes at a time when the company’s shares have seen greater demand as a result of its dual listing on the Singapore Exchange.

Last July, Emperador successfully listed on the main board of the Singapore Exchange Securities Trading Limited, a second listing which boosts the company’s plans for future international growth.

It leverages on Singapore’s position as a global financial hub and enables the company to broaden access to the international investment community in the future.

Emperador has a target to build a global business that continues to deliver sustained growth.

It aims to generate 50 percent of its sales from outside the Philippines by 2025.

Emperador has built a business as a manufacturer, bottler and distributor with an established presence in the UK, Spain, Mexico, and the Philippines. The company has a proven track record, solid momentum and an established footprint in over 100 countries.

Emperador’s portfolio includes some of the world’s known Spanish brandies by volume including Fundador, Terry Centenario, Presidente and Emperador.

It also includes single malt whisky brands namely The Dalmore, Jura, Fettercairn, and Tamnavulin.

Its fast-growing international business has been spearheaded by the Scotch whisky segment following the successful integration of Whyte & Mackay since its acquisition in 2014.

Emperador Inc. is the first PSE-primary listed company to conduct a secondary listing on the Singapore stock exchange.