| C08875-2025 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| COMMON | 568,711,842 |
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.
PetroEnergy Resources CorporationPERC| Subject of the Disclosure |
|---|
Execution of Share Purchase Agreement to acquire BCPG Wind Cooperatief U.A.’s 40% equity interest in PetroWind Energy Inc. (PWEI) by PetroEnergy Resources Corporation (PERC). |
| Background/Description of the Disclosure |
On December 18, 2025, PERC signed a Share Purchase Agreement with BCPG Wind Cooperatief U.A. for the acquisition of 7,813,942 common shares (40% equity interest PWEI). Upon closing (subject to internal and regulatory clearances), PERC and PetroGreen Energy Corporation (75% owned by PERC) will jointly own 100% of PWEI. |
| Date of Approval by Board of Directors |
May 14, 2025 |
|---|
| Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
|---|
To achieve full ownership (100%) of PWEI and enable full control over the operations, governance and financing of the 49.2 MW Nabas Wind Power Project. |
| Date | TBA |
|---|
| Manner |
|---|
Execution of Share Purchase Agreement; closing and payment after regulatory clearances. |
| Description of the company to be acquired or sold |
PetroWind Energy Inc. (PWEI), a Philippine corporation operating the 49.2 MW Nabas Wind Power Project in Aklan. |
| Number of shares to be acquired or disposed | 7,813,942 |
|---|---|
| Percentage to the total outstanding shares of the company subject of the transaction | 40 |
| Price per share | PHP 243.15 (computed as PHP 1,900,000,000 ÷ 7,813, |
| Nature and amount of consideration given or received |
|---|
Cash consideration to be paid after regulatory clearances. |
| Principle followed in determining the amount of consideration |
Negotiated value. |
| Terms of payment |
Full payment after regulatory clearance via electronic bank transfer. |
| Conditions precedent to closing of the transaction, if any |
Philippine Competition Commission clearance |
| Any other salient terms |
- If regulatory clearances not obtained and no alternative structure agreed within 6 months, SPA terminates, parties revert to pre-SPA positions. |
| Name | Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates | |
|---|---|---|
| BCPG Wind Cooperatief U.A. | None, other than being a co-shareholder in PWEI. |
| Effect(s) on the business, financial condition and operations of the Issuer, if any |
|---|
The transaction will result in full ownership of PWEI, giving PERC and PGEC complete control over governance, financing, and strategic decisions. This is expected to streamline decision-making for the Nabas Wind Power Project, optimize capital allocation, and potentially enhance long-term revenue and shareholder value. |
| Other Relevant Information |
Closing subject to regulatory clearances |
| Name | Louie Mark Limcolioc |
|---|---|
| Designation | Asst. Corporate Secretary, Compliance Officer, Alternate Information Officer |