Ayala Group's Energy Arm, ACEN, Acquires Additional Shares in Paddak Energy Corporation

The energy platform of the Ayala Group, ACEN Corporation, signed a subscription contract with Paddak for the subscription by the company to One Million One Hundred Seventy-five Thousand (1,175,000) common shares at a par value of One Peso (P1.00) per common share and Ten Million Five Hundred Seventy-five Thousand (10,575,000) preferred shares at a par value of One Peso (P1.00) per preferred share, to be issued out of the increase in the authorized capital stock of Paddak.

The subscription will allow ACEN to have full ownership in Paddak, which will provide technical operations and maintenance related services to ACEN’s Philippine operating companies.

The terms and conditions of the transaction:
 
Number of shares to be acquired or disposed: 11,750,000
Percentage to the total outstanding shares of the company subject of the transaction: 25%
Price per share is as follows: P1.00 per common share; P1.00 per preferred share
 
Partial payment of the subscription price in the amount of P2,937,500.00.

Paddak is ACEN’s designated company that will provide technical operations and maintenance related services to ACEN’s Philippine operating companies.

ACEN is the publicly listed energy platform of the Ayala group with a rapidly growing presence across the Philippines, Australia, Vietnam, India, Indonesia, Lao PDR, and the USA. ACEN currently has 6.8 GW of attributable renewable energy capacity spanning operational, under-construction, and committed projects.

As a pioneer in advancing the shift to sustainable energy, ACEN is dedicated to delivering clean, reliable, and affordable power across the Asia-Pacific region. With an ambitious target to scale its renewable energy capacity to 20 GW by 2030, the company is on track to achieve 100% renewable energy generation by 2025 and reach Net Zero greenhouse gas emissions by 2050, driving a carbon-neutral future and supporting the global energy transition.