Dispersed of Ownership.
Section 11
SEC. 11. Dispersed of Ownership. - In accordance with the constitutional provision to encourage public participation In public utilities, the grantee shall offer to Filipino citizens at least thirty percent (30%) or a higher percentage that may hereafter be provided bylaw of its outstanding capital stock in any securities exchange in the Philippines within five (5) years from, the commencement of its operations: Provided, That in cases where corporations operating public utilities as allowed by law. Noncompliance therewith shall render the franchise ipso facto revoked.