Every Spin-Off
ACEN Corporation
ACEN PMCompletedPHDevelops and runs solar, wind and other renewable power plants in the Philippines, Vietnam, Australia, India and other Asian markets, selling electricity to utilities and companies.
Ayala Corporation distributed 1.86bn shares it held in its listed renewables arm ACEN Corp. as a property dividend (valued at about P4.5bn) at one ACEN share for every three Ayala shares, with ACEN already trading on the Philippine Stock Exchange.
- Distribution date
- 9 Jan 2023
- Structure
- Stake distribution
- Parent
- Ayala Corporation (AC PM)
- Spin-off ticker
- ACEN PM
- Listing
- Philippine Stock Exchange (already listed)
- Market
- Philippines
- Sector
- Utilities
- Size
- mid
Source documents
- Press releasePSE/SEC disclosure on SEC approval of property dividend (10/24/22)
- PresentationNot located
- Prospectus / demerger documentNot located
- Sourcemalaya.com.ph
- Sourcephilstar.com (AC buys ACEN shares, 05/11/22)
Every Spin-Off research
No report on this situation yet. New reports are published on Substack first.
Receive reports by email