C02626-2025

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)
Apr 23, 2025
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
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
35F, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue, Makati City Postal Code 1226
8. Issuer's telephone number, including area code
77306300
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
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 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

ACEN CORPORATION's Stock Rights Offering

Background/Description of the Disclosure

Please be advised that the Board of Directors of ACEN approved today, 23 April 2025, the offer and issuance of primary common shares by way of a stock rights offer to eligible stockholders of record and the subsequent listing of said shares (the “SRO”) under the following terms:

Target issue size: Up to Php30 billion worth of common shares
Indicative pricing: Minimum of Php2.30 per offer share

The common shares to be issued will be taken from the current unissued common shares and the increase in the authorized capital stock of ACEN, which increase was approved by ACEN’s Board of Directors and stockholders on March 10, 2025 and April 23, 2025, respectively.

Determination of the final terms and conditions of the SRO, including but not limited to the final issues size, entitlement ratio, and offer price, will be made prior to the launch of the SRO and will be disclosed at the appropriate time and reflected in the final prospectus.

The increase in ACEN’s authorized capital stock, the SRO, and the listing of the common shares to be issued pursuant to the SRO with the Philippine Stock Exchange, Inc. are subject to relevant regulatory approvals. ACEN expects to launch the SRO after obtaining all relevant approvals and subject to suitable market conditions. ACEN will issue subsequent disclosures in this regard.

AC Energy and Infrastructure Corporation and Arran Investment Pte Ltd, ACEN’s principal shareholders, have both indicated their support for the SRO and plan to subscribe to their pro rata shares subject to the finalization of the terms of the SRO.

Date of Approval by Board of Directors Apr 23, 2025
Entitlement Ratio TBA
Offer Price TBA subject to minimum of Php2.30 per offer share
Number of Shares to be Offered Up to P30 billion
Ex-Rights Date TBA
Record Date TBA
Start of Offer Period TBA
End of Offer Period TBA
Use of Proceeds

TBA

Other Relevant Information

Please refer to the Corporation's SEC 17-C report.

Filed on behalf by:
Name Dodjie Lagazo
Designation General Counsel; Assistant Corporate Secretary; Compliance Officer