C02515-2024

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)
Apr 25, 2024
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
Series A Preferred Shares 8,341,500
Series B Preferred Shares 16,658,500
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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of the news article in BusinessWorld (Online Edition) on April 25, 2024 entitled, “Output of new RE projects to hit nearly 1.6GW–ACEN”
Source BusinessWorld (Online Edition)
Subject of News Report Output of new RE projects to hit nearly 1.6GW–ACEN
Date of Publication Apr 25, 2024
Clarification of News Report

This is in response to your request for clarification of the news article entitled “Output of new RE projects to hit nearly 1.6GW–ACEN” posted in Business Mirror (Online Edition) on April 25, 2024. The article reported in part that:

“ACEN Corp. is expecting 1.6 gigawatts (GW), or 1,600 megawatts (MW), of new renewable energy (RE) projects to deliver close to fullyear output this year.

ACEN President Eric Francia said the projected total investment for these new projects is about $1.6 billion.

‘In India, we have 400 megawatts. In Australia, we have 500 megawatts and the balance is in the Philippines,’ Francia said during a media briefing after the company’s stockholders’ meeting on Wednesday.

. . . .

The power business of conglomerate Ayala Corp. has set an ambitious target of reaching 20 GW of RE capacity by 2030. Including the 1.6GW, the company’s total portfolio will reach 4.7GW, of which 1.9GW are in the Philippines. Francia said these are already operating or are under construction.

ACEN may spend $15 billion more to fully achieve its 20GW target by 2030. For this year, the company’s capital expenditure (capex) may reach P72 billion.

‘The Philippines gets the bigger chunk, over P40 billion for the Philippines. We ended last year a balance sheet of just under P40 billion so obviously that’s going to fund those capex, plus additional financing, mostly from bilateral loans,’ said Francia.

. . . .”

The Company confirms the accuracy of the information reported in the above-captioned news article, and the quotes attributed to ACEN President and CEO Eric Francia.

We will advise the Exchange promptly of any developments or relevant information as applicable.
Other Relevant Information

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Filed on behalf by:
Name Dodjie Lagazo
Designation General Counsel; Assistant Corporate Secretary; Compliance Officer