C04565-2023

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 9, 2023
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
35th Floor, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue, Makati City Postal Code 1226
8. Issuer's telephone number, including area code
(02) 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 Shares 39,677,394,773
11. Indicate the item numbers reported herein
Item 9 - 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 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Amendment to Articles of Incorporation

Background/Description of the Disclosure

Please be informed that our Board of Directors, at its regular meeting held on 7 March 2023, approved the amendment of the Seventh Article of our Articles of Incorporation to create preferred shares via reclassification of 100 million unissued common shares into preferred shares.

The proposed amendment was presented to our stockholders for approval at their annual meeting on April 24, 2023. Stockholders owning at least 2/3 of the outstanding shares of the Company approved the amendment.

The Company's Amended Articles of Incorporation is effective 9 June 2023.

Date of Approval by
Board of Directors
Mar 7, 2023
Date of Approval by Stockholders Apr 24, 2023
Other Relevant Regulatory Agency, if applicable -
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Date of Approval by Securities and Exchange Commission Jun 9, 2023
Date of Receipt of SEC approval Jun 9, 2023
Amendment(s)
Article No. From To
Please see attached Annex A for the summary of the approved changes - -
Rationale for the amendment(s)

The creation of preferred shares is intended to diversify the Corporation’s sources of funding and to enable access to a wider base of institutional and retail investors.

The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC May 8, 2023
Expected date of SEC approval of the Amended Articles of Incorporation Jun 9, 2023
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

Additional source of funding for the Corporation’s business.

Other Relevant Information

This disclosure is amended to reflect the SEC’s approval of the Amended Articles of Incorporation.

Filed on behalf by:
Name Alan Ascalon
Designation Vice President/Asst. Corporate Secretary