TIDMACG
RNS Number : 0886R
ACG Acquisition Company Limited
24 October 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES OR MAY
HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE
7 OF THE MARKET ABUSE REGULATION (EU NO. 596/2014), AS IT FORMS
PART OF THE UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018, AS AMENDED
24 October 2023
ACG Acquisition Company Limited ("ACG" or the "Company")
Results of Redemption Elections
As announced on 17 October 2023, the Company has convened a
meeting of its Shareholders (the "Extension EGM") to be held on 25
October 2023 for the purpose of considering and, if thought fit,
voting to approve the proposed Extension by way of an amendment to
the Memorandum and Articles of the Company, all as described in the
Shareholders Circular and Notice of Extraordinary General Meeting
of Shareholders published by the Company on the same day (the
"Extension EGM Circular"). As further described in the Extension
EGM Circular, the Company is also providing Class A Ordinary
Shareholders with the right to redeem their Class A Ordinary
Shares.
Following the expiration of the deadline for Class A Ordinary
Shareholders to submit their redemption elections, the Company
announces today that the number of Class A Ordinary Shares redeemed
by Class A Ordinary Shareholders is as follows :
Class A Ordinary Shares redeemed Class A Ordinary Shares not
redeemed
Amount %* Amount %*
----------- ----------------- -----------
12,471,732 99.77 28,268 0.23
----------- ----------------- -----------
*Percentage of the total amount of outstanding Class A Ordinary
Shares prior to the publication of the Extension EGM Circular
(i.e., 12,500,000 Class A Ordinary Shares), rounded to two decimal
places.
As described in the Extension EGM Circular, Class A Ordinary
Shareholders who validly elected to redeem all or a portion of
their depositary interests in the Class A Ordinary Shares on or
before the Election Cut-off Time shall have such depositary
interests in the Class A Ordinary Shares redeemed and payment in
respect of these will be made by Link Market Services Trustees
Limited, acting as Depositary, as soon as possible on or after 26
October 2023. The final redemption price is $10.7991 per Class A
Ordinary Share.
All capitalized terms used but not defined in this announcement
have the meaning given to them in the Extension EGM Circular.
About the Company
ACG Acquisition Company Limited is a SPAC looking to benefit
from favourable price conditions for new economy metals and other
mining materials.
The Company aims to optimise its expertise in global mining by
combining with a mining company that produces materials
characterised by supply constraints and rising long-term demand.
The combined entity will capitalise on the need for resource
security and geographic supply diversification, as well as the
global energy transition.
ACG's team has extensive M&A experience built through
decades spent at blue-chip multinationals in the sector. The team
brings a significant network, including access to many mining
companies as well as a commitment to ESG principles and strong
corporate governance.
For more information about ACG, please visit: www.acgcorp.co
Forward-looking statements
Some of the information in these materials may contain
projections or other forward-looking statements regarding future
events or the future financial performance of the Company. You can
identify forward looking statements by terms such as "expect",
"believe", "anticipate", "estimate", "intend", "will", "could",
"may" or "might" the negative of such terms or other similar
expressions. The Company wishes to caution you that these
statements are only predictions and that actual events or results
may and often do differ materially. The Company does not intend to
update these statements to reflect events and circumstances
occurring after the date hereof or to reflect the occurrence of
unanticipated events. Any forward-looking statements reflect the
Company's current view with respect to future events and many
factors could cause the actual results to differ materially from
those contained in projections or forward-looking statements of the
Company, including, among others, ACG's ability to obtain adequate
information to evaluate the target assets, ACG's ability to
successfully or timely complete the contemplated acquisition, ACG's
and Appian Capital's expectations around the performance of the
target assets, ACG's potential ability to obtain additional
financing to complete the contemplated acquisition and the
financial performance of the enlarged group that would result from
the potential completion of the contemplated acquisition.
Forward-looking statements speak only as of the date they are
made.
Inside information
This announcement contains inside information for the purposes
of the market abuse regulation (EU No. 596/2014), as it forms part
of United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended.
Important notices
This announcement or any part of it does not constitute or form
part of any offer to issue or sell, or the solicitation of an offer
to acquire, purchase, subscribe for, any securities.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This announcement is not an offer of securities for sale into the
United States. The securities of the Company have not or will not
be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered
or sold in the United States, except pursuant to an applicable
exemption from registration.
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END
MSCMIBATMTATMIJ
(END) Dow Jones Newswires
October 24, 2023 02:00 ET (06:00 GMT)
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