C04563-2025

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)
Jun 25, 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
Makati City, 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
(632) 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 Share 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 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Subscription by ACEN CORPORATION ("ACEN") to additional shares in subsidiary Buendia Christiana Holdings Corp.

Background/Description of the Disclosure

ACEN signed a subscription agreement with its subsidiary, Buendia Christiana Holdings Corp. ("BCHC"), for the subscription by ACEN to an additional 875,000 common shares at P100 per share and 7,875,000 redeemable preferred shares at P100 per share, to be issued out of the authorized capital stock of BCHC.

Date of Approval by
Board of Directors
Jun 25, 2025
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

The proceeds of ACEN’s subscription will be used by BCHC to acquire additional parcels of land for the ACEN group’s various potential power projects.

Details of the acquisition or disposition
Date Jun 25, 2025
Manner

Subscription to Common Shares and Redeemable Preferred Shares

Description of the company to be acquired or sold

BCHC is a subsidiary of ACEN and is a special purpose vehicle for land acquisition.

The terms and conditions of the transaction
Number of shares to be acquired or disposed 8,750,000
Percentage to the total outstanding shares of the company subject of the transaction 15
Price per share P100 per share
Nature and amount of consideration given or received

Total Subscription Price of P875,000,000.00

Principle followed in determining the amount of consideration

Subscription at par value

Terms of payment

Full payment in cash

Conditions precedent to closing of the transaction, if any

None

Any other salient terms

None

Identity of the person(s) from whom the shares were acquired or to whom they were sold
Name Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Buendia Christiana Holdings Corp. Subsidiary of the Company
Effect(s) on the business, financial condition and operations of the Issuer, if any

The figure under “Percentage to the total outstanding shares of the company subject of the transaction” assumes SEC approval of the increase in BCHC’s authorized capital stock to up to P8.5 billion.

Other Relevant Information

Please refer to attached SEC Form 17-C Report of the Company.

Filed on behalf by:
Name Candy Dacanay-Datuon
Designation Assistant Vice President