C06231-2023

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)
Aug 10, 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 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure

Update on the Company's Preferred Shares Offering
Background/Description of the Disclosure

The Company received today from the Securities and Exchange Commission (“SEC”) the Certificate of Permit to Offer Securities for Sale of Twelve Million Five Hundred Thousand (12,500,000) Perpetual Preferred Shares with an Oversubscription Option of up to Twelve Million Five Hundred Thousand (12,500,000) Perpetual Preferred Shares (the “Offer Shares”) for a total offer value of up to Twenty-Five Billion Pesos (Php25,000,000,000) (the “Offer”), as the first tranche of the Company’s up to Fifty Million (50,000,000) Perpetual Preferred Shares Program under MSRD Order of Registration No. 43, series of 2023.

Subject to the Dividend Payment Conditions described in the Offer Supplement dated 8 August 2023, the dividends of the Offer Shares will be payable quarterly from the expected date of listing and issuance of the Offer Shares on 1 September 2023, at an initial dividend rate of 7.1330% per annum for the Series A Preferred Shares (PSE:ACENA) and a fixed-for-life dividend rate of 8.0000% per annum for the Series B Preferred Shares (PSE:ACENB).

The Offer Shares will be offered during the Offer Period of 11 to 23 August 2023 through the Joint Lead Underwriters and Bookrunners: BDO Capital Corporation, BPI Capital Corporation, and China Bank Capital Corporation (who are also serving as Joint Issue Managers), RCBC Capital Corporation, SB Capital Investment Corporation, and PNB Capital and Investment Corporation; through the Selling Agents: First Metro Investment Corporation and Land Bank of the Philippines; and through the Trading Participants of the Philippine Stock Exchange.

The proceeds will be used to refinance the short-term bridge loans for Eligible Green Projects, or to finance new or existing Eligible Green Projects, in accordance with ACEN’s Green Equity Framework.
Other Relevant Information

This disclosure is related to Disclosure Report No. C01721-2023 dated 8 March 2023, Disclosure Report No. C04135-2023 dated 24 May 2023, Disclosure Report No. C05680-2023 dated 26 July 2023, and Disclosure Report No. C06198-2023 dated 10 August 2023.
Filed on behalf by:
Name Alan Ascalon
Designation Vice President/Asst. Corporate Secretary