C04493-2025 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Share | 39,677,394,773 | |
Series A Preferred Shares | 8,341,500 | |
Series B Preferred Shares | 16,658,500 |
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Subject of the Disclosure |
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Additional Information re ACEN partnership with Copenhagen Infrastructure Partners to develop the Philippine’s First Large-Scale Offshore Wind Project |
Background/Description of the Disclosure |
On 28 May 2025, ACEN executed a Share Purchase and Loan Agreement with CI NMF Philippines C.V. and CI GMF II COOPERATIEF U.A. for the development of a 1 GW offshore wind project in the provinces of Camarines Sur and Camarines Norte, Philippines. |
Date of Approval by Board of Directors |
Mar 10, 2025 |
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Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
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The transaction forms part of the Company’s strategic initiative to advance the development of Philippines’ first large-scale offshore wind project, with a potential installed capacity of up to 1 GW. It underscores the Company’s commitment to unlocking the country’s vast offshore wind resources and accelerating the energy transition through the expansion of clean energy sources. |
Date | Jun 23, 2025 |
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Manner |
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Acquisition of 29,500 Common Shares of CI GMF II Camarines Offshore Wind Energy Corporation |
Description of the company to be acquired or sold |
CI GMF II Camarines Offshore Wind Energy Corporation will be the holding company of CI NMF (PH) Corp., which will develop, construct, operate and maintain the planned 1 GW Offshore Wind Energy Project in the provinces of Camarines Sur and Camarines Norte, Philippines. |
Number of shares to be acquired or disposed | 29,500 |
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Percentage to the total outstanding shares of the company subject of the transaction | 25 |
Price per share | P100 per share |
Nature and amount of consideration given or received |
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Total Payment Price of P2,950,000.00 |
Principle followed in determining the amount of consideration |
Payment of shares based on par value of P100 per share |
Terms of payment |
Full payment in cash |
Conditions precedent to closing of the transaction, if any |
None |
Any other salient terms |
None |
Name | Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates | |
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CI NMF PHILIPPINES CV | None |
Effect(s) on the business, financial condition and operations of the Issuer, if any |
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The transaction supports ACEN’s growth by marking its entry into the country’s first large-scale offshore wind project. With a potential capacity of up to 1 GW, the project will expand the Company’s renewable energy portfolio and help strengthen its role in the country’s clean energy transition. |
Other Relevant Information |
This disclosure is related to the Company’s original SEC Form 17-C report (Circular No. C03805-2025) dated 28 May 2025. |
Name | Candy Dacanay-Datuon |
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Designation | Assistant Vice President |