Please be advised that the change in corporate name and stock symbol of Phinma Petroleum and Geothermal, Inc. ("PPG" or the "Corporation") to ACE Enexor, Inc. ("ACEX") will be reflected on the PSE systems effective on Tuesday, November 19, 2019. The Exchange shall inform the Trading Participants and the investing public of further developments on the matter, including the Corporation’s compliance with the Exchange's Policy on Updating of Stock Certificates.
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)
Nov 11, 2019
2. SEC Identification Number
094008811
3. BIR Tax Identification No.
004-500-964-000
4. Exact name of issuer as specified in its charter
ACE Enexor, Inc.
5. Province, country or other jurisdiction of incorporation
9. Former name or former address, if changed since last report
PHINMA Petroleum and Geothermal, Inc.; Level 11, PHINMA Plaza, 39 Plaza Drive, Rockwell Center, Makati City
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
250,000,001
11. Indicate the item numbers reported herein
Item 9 - Other Matters
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.
Phinma Petroleum and Geothermal, Inc.PPG
PSE Disclosure Form 4-7 - Change in Corporate Name and/or Stock Symbol References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Change in the corporate name of the Corporation
Background/Description of the Disclosure
Please be informed that during the special board meeting held on 23 July 2019, the Board of Directors of the Corporation approved the change in the corporate name of the Corporation. During the Annual Stockholders' Meeting held on 17 September 2019, the stockholders approved and adopted the same. The Securities and Exchange Commission approved the change in the corporate name of the Corporation on 11 November 2019.
Date of Approval by Board of Directors
Jul 23, 2019
Date of Approval by Stockholders
Sep 17, 2019
Date of Approval by Securities and Exchange Commission
Nov 11, 2019
Previous Corporate Name
PHINMA Petroleum and Geothermal, Inc.
Previous Stock Symbol
PPG
New Corporate Name
ACE Enexor, Inc.
New Stock Symbol
ACEX
Procedure(s) for updating stock certificates
Details of Stock Transfer Agent
Name
Stock Transfer Service, Inc.
Address
34-D Rufino Pacific Tower, 6784 Ayala Avenue, Makati City
Contact Person
Zaldy A. Adana
Inclusive dates when the old stock certificates can be replaced
Start Date
TBA
End Date
TBA
Documentary requirements
Individual Shareholders
a. Submit the following documents to the Corporation’s stock transfer agent:
(i) Letter of Request to change old stock certificate(s) addressed to
STOCK TRANSFER SERVICE INC. Address: 34th Floor, Rufino Pacific Tower, 6784 Ayala Avenue, Makati City Tel. Nos.: (632) 403-2410; (632) 403-2412 Fax No.: (632) 403-2414
(ii) PPG stock certificates for replacement (iii) Original and photocopies of two (2) valid identification cards bearing the stockholder’s photograph and specimen signature; at least one should be a government-issued ID
b. The new stock certificate(s) may be released to the stockholder or to a duly authorized representative. In addition to the documents listed under item (a) above, the representative should submit the following:
(i) Letter of Authorization (ii) Original and photocopies of two (2) valid identification cards bearing the representative’s photograph and specimen signature; at least one should be a government-issued ID
Corporate Shareholders
Submit the following documents to the Corporation’s stock transfer agent: a. Letter of Request to change old stock certificate(s) b. PPG stock certificates for replacement c. Original copy of a duly notarized Secretary’s Certificate naming the corporate stockholder’s authorized representative/s and bearing such representative(s)’s specimen signature/s; and d. Original and photocopies of two (2) valid identification cards bearing the representative’s photograph and specimen signature; at least one should be a government-issued ID e. Photocopies of the corporate stockholder’s Articles of Incorporation, By-Laws, latest General Information Sheet duly received by the SEC
Date of availability of new stock certificates
TBA
Procedures in case of lost stock certificates
a. The registered owner of certificates of stock in the Corporation or his legal representative shall file an affidavit in triplicate with the Corporation describing the: (i) Circumstances as to how, when and where said certificates were lost, stolen or destroyed (ii) Number of shares represented by each certificate (iii) Serial numbers of the certificates
He or she shall also submit such other information and evidence as he may deem necessary.
b. After verifying the affidavit and other information and evidence with the books of the Corporation, and making such other inquiries it deems proper or necessary, the Corporation shall publish a notice, in a newspaper of general circulation in the Philippines published in the place where the Corporation has its principal office, once a week for three (3) consecutive weeks at the expense of the registered owner of the certificates of stock which have been lost, stolen or destroyed. The notice shall state the name of the Corporation, the name of the registered owner, the serial numbers of said certificates, and the number of shares represented by each certificate. If no contest has been presented to the Corporation regarding the said stock certificates within one (1) year from the date of the last publication, the right to make such contest shall be barred and the Corporation shall cancel in its books the certificates of stock which have been lost, stolen or destroyed. New stock certificates shall be issued, unless the registered owner files a bond or other security in lieu thereof as may be required running for a period of one (1) year for a sum and in such form and with such sureties as may be satisfactory to the Board of Directors, in which case a new certificate may be issued even before the expiration of the one (1) year period herein; Provided, that if a contest has been presented to the Corporation or if an action is pending in court regarding the ownership of said certificates of stock which have been lost, stolen or destroyed, the issuance of the new certificates of stock in lieu thereof shall be suspended until final decision by the court regarding the ownership of said certificates of stock.
Phinma Petroleum and Geothermal, Inc.PPG