ACEN Corporation Plans a P30 Billion Stock Rights Offering

​The Board of Directors of ACEN approved 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 P30 billion worth of common shares
Indicative pricing: Minimum of P2.30 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.