SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jun 13, 2023

2. SEC Identification Number

39274

3. BIR Tax Identification No.

000-506-020-000

4. Exact name of issuer as specified in its charter

ACEN CORPORATION

5. Province, country or other jurisdiction of incorporation

Makati City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

35th Floor, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(02) 7730 6300

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	39,677,394,773

11. Indicate the item numbers reported herein

Item 9 - Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

ACEN CORPORATIONACEN

PSE Disclosure Form 4-20 - Reclassification of Shares References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Reclassification of Common Shares into Preferred Shares
Background/Description of the Disclosure
On 7 March 2023, the Board of Directors of the Company approved the amendment of the Company’s Articles of Incorporation to reclassify 100,000,000 unissued common shares to preferred shares. On 24 April 2023, this was approved by the stockholders of the Company. On 9 June 2023, the Securities and Exchange Commission approved the amendment of the Company’s Articles of Incorporation reflecting the reclassification of 100,000,000 unissued common shares to preferred shares.

Date of Approval by Board of Directors	Mar 7, 2023
Date of Approval by Stockholders	Apr 24, 2023
Date of Approval by Securities and Exchange Commission	Jun 9, 2023

Reason or purpose of the reclassification of shares
The creation of preferred shares is intended to diversify the Corporation’s sources of funding and to enable access to a wider base of institutional and retail investors.

Effects on Capital Structure

Issued Shares

Type of Security/Stock Symbol	Before	After
Common shares/ACEN	39,691,894,773	39,691,894,773
Preferred shares	0	0

Outstanding Shares

Type of Security/Stock Symbol	Before	After
Common shares/ACEN	39,677,394,773	39,677,394,773
Preferred shares	0	0

Treasury Shares

Type of Security/Stock Symbol	Before	After
Common shares/ACEN	14,500,000	14,500,000

Listed Shares

Type of Security/Stock Symbol	Before	After
Common shares/ACEN	39,651,084,010	39,651,084,010

Procedure(s) for updating stock certificates

Details of Stock Transfer Agent

Name	Stock Transfer Service, Inc.
Address	34-D Rufino Pacific Tower, 6784 Ayala Avenue, Makati City
Contact Person	Ricardo D. Regala

Inclusive dates when the old stock certificates can be replaced

Start Date	N/A
End Date	N/A

Documentary requirements

Individual Shareholders
N/A
Corporate Shareholders
N/A

Date of availability of new stock certificates	N/A

Procedures in case of lost stock certificates
N/A

Other Relevant Information

As disclosed under Report No. C04135-2023 posted on 24 May 2023, the Company filed on 23 May 2023 a Registration Statement with respect to the shelf registration of up to 50,000,000 preferred shares with a par value of Php1.00 per preferred share (the “Preferred Shares”) to be offered in one or more tranches, which may be comprised of one or more series per tranche, at the discretion of the Company, under a securities program (the “Preferred Shares Program”), and the proposed public offer and sale of up to 25,000,000 Preferred Shares comprised of up to 12,500,000 Preferred Shares with an oversubscription option of up to 12,500,000 Preferred Shares at an offer price of Php1,000.00 per Preferred Share in up to two (2) Series at the discretion of the Company, to be offered as the first tranche under the Company’s Preferred Shares Program. The Company has simultaneously submitted the corresponding Application for Listing of Stocks with The Philippine Stock Exchange, Inc. The number of issued, outstanding, and listed shares will be updated upon issuance and listing of any Preferred Shares.