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
Series A Preferred Shares
8,341,500
Series B Preferred Shares
16,658,500
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 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Amendments to Articles of Incorporation
Background/Description of the Disclosure
Please be informed that our Board of Directors, at its regular meeting held on 10 March 2025, approved the following amendments to our Articles of Incorporation:
a. Second Article to expand the scope of the Company’s investment business b. Seventh Article to increase the authorized capital stock of the Company from Php 48.4 billion to Php 58.4 billion and create additional common shares
The proposed amendments will be presented to our stockholders for approval at their annual meeting on 23 April 2025.
Date of Approval by Board of Directors
Mar 10, 2025
Date of Approval by Stockholders
TBA
Other Relevant Regulatory Agency, if applicable
-
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
TBA
Date of Receipt of SEC approval
TBA
Amendment(s)
Article No.
From
To
Second
Please see attachment.
Please see attachment.
Seventh
Please see attachment.
Please see attachment.
Rationale for the amendment(s)
To enable the Company to: (1) engage and/or invest in businesses in support of or related to its power generation business, and (2) raise additional capital through the issuance of primary common shares beyond the current unissued common shares of the Company, whether by way of stock rights offering, follow on offering, or private placement
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC
TBA
Expected date of SEC approval of the Amended Articles of Incorporation
TBA
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
None
Other Relevant Information
None
Filed on behalf by:
Name
Dodjie Lagazo
Designation
General Counsel; Assistant Corporate Secretary; Compliance Officer