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Brix Lelis - The Philippine Star
May 31, 2025 | 12:00am
In a stock exchange filing yesterday, the company said the indicative pricing date for the offer is set for Aug. 12, with the record date scheduled for Aug. 20.
STAR / File
MANILA, Philippines — Ayala-led ACEN Corp. is looking to finalize its P30-billion stock rights offering (SRO) in September, powering up its next phase of growth.
In a stock exchange filing yesterday, the company said the indicative pricing date for the offer is set for Aug. 12, with the record date scheduled for Aug. 20.
The offer period will run from Sept. 3 to 9, while shares are targeted for listing on Sept. 19.
“This strategic initiative is designed to strengthen ACEN’s capital base, with the primary aim of financing the company’s expansion plans over the next few years,” the listed energy arm of the Ayala Group said.
The move is likewise expected to position ACEN to capture growth opportunities while sustaining a solid financial structure.
For this planned capital market return, ACEN has filed a request for confirmation of exempt transactions to the Securities and Exchange Commission and a listing application to the Philippine Stock Exchange.
An SRO is a capital-raising activity that allows existing shareholders of a publicly listed company to buy additional shares, usually at a discounted price.
Principal shareholders AC Energy and Infrastructure Corp. and Arran Investment Pte. Ltd. have expressed support for the SRO and are likely to “subscribe to the extent of their respective pro-rata shares,” ACEN said.
This support, the company said, reflects a strong vote of confidence in its strategic direction, growth potential and commitment to long-term development.
