General Announcement::Amendments to the Articles of Incorporation of ACEN CORPORATION

Issuer & Securities

Issuer/ Manager
AC ENERGY FINANCE INTERNATIONAL LIMITED
Securities
AC ENER FINUS$110M5.25%N290212 - XS1946107007 - IDTB
AC ENER FINUS$225M4.75%N240129 - XS1940840132 - OEHB
AC ENER FIN US$300M5.1%N - XS2258819874 - RKIB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Jul-2022 17:39:33
Status
New
Announcement Sub Title
Amendments to the Articles of Incorporation of ACEN CORPORATION
Announcement Reference
SG220722OTHRIMDX
Submitted By (Co./ Ind. Name)
ACEN CORPORATION / Irene S. Maranan
Designation
Head, Corporate Communications and Sustainability
Description (Please provide a detailed description of the event in the box below)
On 21 July 2022, ACEN CORPORATION ("ACEN") received the Philippine Securities and Exchange Commission's approval of the following amendments to ACEN's Articles of Incorporation:

1. Change in corporate name from AC Energy Corporation to ACEN CORPORATION;
2. Removal of oil exploration, mining, and related activities from the Primary Purpose and Secondary Purposes, and specification of retail electricity supply and provision of guarantees; and
3. Change in principal office address.

The foregoing amendments are effective 20 July 2022.

ACEN is an affiliate of AC Energy and Infrastructure Corporation ("ACEIC"), with ACEIC acquiring a controlling interest in ACEN in June 2019.

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About ACEN

ACEN is the listed energy platform of the Ayala Group. The company has ~3,800 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia. The company's renewable share of capacity is at 87%, among the highest in the region.

ACEN's aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5,000 MW of renewables capacity by 2025. In October 2021, ACEN announced its commitment to achieve net-zero greenhouse gas emissions by 2050.

www.acenrenewables.com