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 funding of special purpose vehicles ("SPVs") for development activities
Background/Description of the Disclosure
Please be advised that on 21 July 2023, the Company's Executive Committee approved the funding (via loan or equity) of the following five (5) wholly-owned SPVs, as follows:
AC Subic Solar, Inc. – Php367,000,000.00 AC Laguna Solar, Inc. – Php410,000,000.00 SolarAce4 Energy Corp. – Php205,000,000.00 Ingrid2 Power Corp. – Php134,000,000.00 GigaWind1 Inc. – Php324,000,000.00
The funding will be used by the SPVs for development activities relating to renewable energy projects in the Philippines.