The six Meralco board directors acquired a total of P7.73 million worth of Meralco shares from 27,917 shares at a price range from September 28 to 30.
They bought the shares at a price range of P274.80 and P277.60.
Aside from Pangilinan and Go, the other Meralco directors who bought the firm’s shares are Annabelle Chua, Elpidio L. Ibanez, Jose Ma. K Lim and Victorico Vargas.
Meralco posted weaker than expected sales during the pandemic-wracked first half – down 7.4 percent as the surge in residential sales failed to make up for the drop in demand of locked down companies.