LN00106-2022

NOTICE

Subject AC Energy Corporation: Share-for-Share Swap Transaction - Release of Shares under Lock-Up
Company Name AC Energy Corporation
Security Details
Type of Security Stock Symbol Par Value
Common Shares ACEN Php 1.00
Reference(s) LN00263-2021 dated October 20, 2021
Type of Transaction(s) Share-for-Share Swap Transaction
Lock-up Details
Duration of Lock-up 180 days
Applicable Lock-up Rule Article V, Part A, Section 7 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent Rizal Commercial Banking Corporation
Date of Execution of Escrow Agreement Oct 6, 2021
Details of the Mandatory Lock-up
Name of Shareholder No. of Shares Stock Symbol Percentage
AC Energy and Infrastructure Corp. 16,685,800,533 ACEN 43.55
Details of the Voluntary Lock-up (if applicable)
Name of Shareholder No. of Shares Stock Symbol Percentage
- - - -
Total Shares to be Released from Lock-up
Stock Symbol No. of Shares
ACEN 16,685,800,533
Expiry of Lock-up Apr 20, 2022
Effective Date of Tradability of the Shares Apr 21, 2022
Other Relevant Information

As previously announced in Listing Notice No LN00263-2021 dated October 20, 2021, in light of AC Energy Corporation’s (“ACEN” or the “Company”) compliance with the lock-up requirement of the Exchange, 16,685,800,533 ACEN common shares were subjected to a lock-up period of 180 days from listing date.

In a letter dated April 7, 2022, Rizal Commercial Banking Corporation, through its Trust and Investments Group (the “Escrow Agent”), informed the Exchange that the lock-up period for the 16,685,800,533 ACEN common shares owned by the above-mentioned Locked-up Shareholder, will end on April 20, 2022.

In view thereof, the 16,685,800,533 ACEN common shares that were held in escrow will be eligible for trading starting on Thursday, April 21, 2022.

For your information and guidance.
Filed on behalf by:
Name Norberto Moreno Jr.
Designation Listings Department