Read this in Manila Times Digital Edition. Ayala-led energy firm Acen Corp. On Wednesday, it detailed a planned shelf registration for up to 50 million preferred shares and a public offering and sale of up to 25 million such shares. In disclosures dated March 8, 2023 and April 24, 2023, it may be reported that on May 23, 2023, Acen filed a registration statement with the Securities and Exchange Commission regarding UP's shelf registration program. million preferred shares ... and the public offer,” he said. The 25 million shares, including the latter, come with an over subscription option on up to 12.5 million preferred shares at an offer price of P1,000 per preferred share. Shares will come from the 100 million preferred shares that will be created after the SEC approves changes to the company's founding articles, which will reclassify the 100 million non-issued common shares. The energy firm said that all preferred shares to be issued will not vote, and the registration statement is not yet effective. news for Manila Times' daily s by with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy. The creation and offering of preferred shares is designed to provide access to a broader corporate and retail investor base while continuing to diversify the company's sources of financing and expand its renewable energy portfolio. Acen's share price fell 0.81 percent, or 5 centavos, up 0.19 percent for the Philippine Stock Exchange Index.