C04017-2021

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 8, 2021
2. SEC Identification Number
39274
3. BIR Tax Identification No.
000-506-020-000
4. Exact name of issuer as specified in its charter
AC Energy Corporation
5. Province, country or other jurisdiction of incorporation
Makati City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
4th Floor, 6750 Office Tower, Ayala 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 21,540,037,644
11. Indicate the item numbers reported herein
N/A

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.

AC Energy 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’s approval of conversion of advances to One Subic Power Generation Corporation into equity

Background/Description of the Disclosure

Please be informed that the Company’s Executive Committee approved today the conversion of ACEN's advances to One Subic Power Generation Corporation ("OSPGC") amounting to Php680,000,000.00, into equity.

With the conversion, the Company will subscribe to 33,493,366 common shares in OSPGC.

Other Relevant Information

OSPGC is a wholly owned subsidiary of Bulacan Power Generation Corporation which, in turn, is a wholly owned subsidiary of ACEN.

With the proposed conversion of advances into equity, ACEN retains 100% effective ownership interest in OSPGC.

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