General Announcement::AC Energy renamed as AC Energy and Infrastructure Corporation

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
19-Nov-2020 20:45:45
Announcement Sub Title
AC Energy renamed as AC Energy and Infrastructure Corporation
Announcement Reference
Submitted By (Co./ Ind. Name)
Irene Maranan
Head - Corporate Communications and Sustainability
Effective Date and Time of the event
19/11/2020 17:00:00
Description (Please provide a detailed description of the event in the box below)
19 November 2020 - In relation to the General Announcement dated 20 April 2020 entitled "Ayala to consolidate power, water, and infrastructure business under AC Energy, Inc.", AC Energy, Inc. (the "Company") received today a copy of the certification of the Philippine Securities and Exchange Commission dated 18 November 2020 approving the amendment to the First Article of the Company's Articles of Incorporation to change the Company's name from "AC Energy, Inc." to "AC Energy and Infrastructure Corporation".

On 1 October 2020, the Company's Board of Directors approved the consolidation of Ayala Corporation's water and logistics businesses under the Company. The final structure, including the businesses to be transferred, and completion of the consolidation, shall be subject to internal corporate approvals and relevant regulatory approvals, among others.