AC Energy Corporation: Private Placement – Additional Listing
June 29, 2022 at 02:17 am EDT
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NOTICE
Subject
AC Energy Corporation: Private Placement - Additional Listing
Company Name
AC Energy Corporation
Security Details
Type of Security
Stock Symbol
Par Value
Common Shares
ACEN
Php1.00
Type of Transaction(s)
Private Placements
Transaction Ratio (if applicable)
-
Transaction Value
Php11,577,376,996.00
Details of the Transaction
Subscriber
Consideration
Transaction Price
Stock Symbol
Number of Shares Issued
Ferdinand A. Dumlao
Cash
11.32
ACEN
41,375,371
Niels Jacobsen
Cash
11.32
ACEN
16,767,108
Kresten B. Jacobsen
Cash
11.32
ACEN
13,972,590
Kia Jacobsen
Cash
11.32
ACEN
13,972,590
Jose Ildebrando B. Ambrosio
Cash
11.32
ACEN
1,956,209
Laura Baui
Cash
11.32
ACEN
1,956,132
UPC Renewables Asia Pacific Holdings Pte. Limited
Cash
7.8710
ACEN
869,119,204
Anton Johannes Rohner
Cash
7.8710
ACEN
61,630,796
UPC Philippines Wind Partners, Ltd.
Cash
8.2889
ACEN
19,059,423
Wind City, Inc.
Cash
8.2889
ACEN
142,668,634
Estanyol Holdings Ltd.
Cash
8.2889
ACEN
153,493,200
Tenggay Holdings Ltd.
Cash
8.2889
ACEN
70,525,763
Alan Kerr
Cash
8.2889
ACEN
4,248,813
Lock-up Details (if applicable)
Duration of Lock-up
-
Applicable Lock-up Rule
-
Escrow Agent
-
Date of Execution of Escrow Agreement
N/A
Details of the Mandatory Lock-up
Name of Shareholder
No. of Shares
Stock Symbol
Percentage
-
-
-
-
Details of the Voluntary Lock-up (if applicable)
Name of Shareholder
No. of Shares
Stock Symbol
Percentage
-
-
-
-
Shares to be Listed
Stock Symbol
No. of Shares
ACEN
1,410,745,833
Tradable Shares
Stock Symbol
No. of Shares
ACEN
1,410,745,833
Listing Date
Jul 1, 2022
Adjustments
Issued Shares (if applicable)
Type of Security / Stock Symbol
Before
After
ACEN
39,659,272,107
39,659,272,107
Outstanding Shares (if applicable)
Type of Security / Stock Symbol
Before
After
ACEN
39,644,772,107
39,644,772,107
Listed Shares
Type of Security / Stock Symbol
Before
After
ACEN
38,240,338,177
39,651,084,010
Other Relevant Information
AC Energy Corporation's ("ACEN" or the "Company") Board of Directors approved the subscriptions to a total of 1,410,745,833 common shares (the "Private Placement Shares"), consisting of 90,000,000 common shares subscribed by the minority shareholders of NorthWind Power Development Corporation ("1st Private Placement") and 1,320,745,833 common shares subscribed by UPC Renewables Asia Pacific Holdings Pte Limited, Anton Johannes Rohner and UPC Philippines Subscribers ("2nd Private Placement"), for a total transaction value of Php11,577,376,996.00.
The 1st and 2nd Private Placement shares were issued on November 29, 2021 and April 18, 2022, respectively.
As of June 29, 2022, the Company has complied with all applicable requirements for the listing of the Private Placement Shares. The number of ACEN's listed common shares will be accordingly adjusted on listing date.
For your information and guidance.
Filed on behalf by:
Name
Norberto Moreno Jr.
Designation
Listings Department
Attachments
Original Link
Original Document
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Disclaimer
AC Energy Corporation published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 06:16:30 UTC.
ACEN Corporation is a Philippines-based company, which is engaged in power generation and trading, oil and mineral exploration, development and production. It organized into three business units. Philippines business unit includes Retail Electricity Supply (RES) or Commercial Operations (CO); Renewables, which is engaged in generation, transmission, distribution and supply of electricity using renewable sources, such as solar, wind and geothermal resources; Thermal, which is engaged in generation, transmission, distribution and supply of electricity using conventional way of energy generation; Project development; Leasing; bulk water supply; and Petroleum and exploration. International business unit represents the operations of ACRI, which is the holding company for all offshore investments. Parent and Others business unit represents operations of the Parent Company (excluding RES/CO) and ACE Shared Services, Inc. This also includes interest expense incurred by ACEN Finance Limited.