C08951-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
---|---|---|
Common Shares | 39,677,394,773 | |
Series A Preferred Shares | 8,341,500 | |
Series B Preferred Shares | 16,658,500 |
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.
Subject of the Disclosure |
---|
Share Purchase Agreement and Facility Agreement |
Background/Description of the Disclosure |
Please be informed that on 22 December 2023, Belenos Energy Corporation (“Belenos”), a wholly owned subsidiary of ACEN, signed a Share Purchase Agreement for the acquisition of YMP Telecom Power Inc. and its affiliate, YMP Industrial Power Inc., through purchase of 100% of the outstanding shares held by Yoma Micro Power (S) Pte. Ltd. in each of these companies, at an acquisition price that is less than 10% of the book value of ACEN, for the purpose of building and operating solar-powered solutions for telecommunication towers and commercial and industrial solar power solutions in the Philippines. |
Other Relevant Information |
This disclosure is related to Disclosure Report No. C05327-2023 dated 11 July 2023 and Disclosure Report No. C08694-2023 dated 14 December 2023. |
Name | Alan Ascalon |
---|---|
Designation | Vice President/Asst. Corporate Secretary |