AC Energy Corporation’s (“ACEN” or the “Company”) Board of Directors approved the subscriptions to a total of 1,410,745,833 common shares (the “Private Placement Shares”), consisting of 90,000,000 common shares subscribed by the minority shareholders of NorthWind Power Development Corporation (“1st Private Placement”) and 1,320,745,833 common shares subscribed by UPC Renewables Asia Pacific Holdings Pte Limited, Anton Johannes Rohner and UPC Philippines Subscribers (“2nd Private Placement”), for a total transaction value of Php11,577,376,996.00.
The 1st and 2nd Private Placement shares were issued on November 29, 2021 and April 18, 2022, respectively.
As of June 29, 2022, the Company has complied with all applicable requirements for the listing of the Private Placement Shares. The number of ACEN’s listed common shares will be accordingly adjusted on listing date.
For your information and guidance. |