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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Executive Committee Approval of Various Matters
Background/Description of the Disclosure
Please be advised that on 10 July 2023, the Company’s Executive Committee approved the following:
1. The one (1) year extension of maturity of the Php4.7 billion loan facility provided by the Company to Greencore Power Solution 3, ACEN’s joint venture company with Citicore Solar Energy Corporation for the Arayat Solar project, at an interest rate of 15% (an increase from the current ~7%); and
2. The proposed joint venture with Norfund and investment into YMP Telecom Power Inc. for the provision of sustainable and affordable telecom tower solarization solutions in the Philippines, on terms as presented and subject to definitive documentation.
Other Relevant Information
Norfund is the Norwegian Investment Fund for developing countries with NOK 26.9 billion (USD 2.5 billion) in total commitments as of 2021. It is owned and funded by the Norwegian Government and is used as a tool for strengthening the private sector in developing countries.