REG - ACG Acquisition Co. - Extension of Redemption Period

ACG MetalsAnnouncement

26/07/2024 07:00

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RNS Number : 9017X  ACG Acquisition Company Limited  26 July 2024

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26 July 2024

 

ACG Acquisition Company Limited ("ACG" or the "Company")

Extension of the Redemption Period

 

Further to its announcement on 28 June 2024 (the "Acquisition Extension
Announcement"), ACG announces today that the deadline by which Class A
Ordinary Shareholders wishing to redeem all or a portion of their depositary
interests in Class A Ordinary Shares are required to submit their redemption
election electronically through the UK's Certificateless Registry for
Electronic Share Transfer has been extended from 30 July 2024 until at least
1:00 pm London time on 13 August 2024 (such extension, the "Deadline
Extension").

 

The Deadline Extension has been implemented to allow existing Class A Ordinary
Shareholders of the opportunity to consider ACG's announcement on 18 July 2024
that it has signed an agreement for the acquisition of 100% of the shares in
Polimetal Madencilik Sanayi ve Ticaret A.Ş. and associated sulphide expansion
project financing (the "Acquisition") in connection with any exercise of their
redemption rights. Further details relating to redemption, including the
updated redemption price, will follow in a prospectus containing details of
the Acquisition and a notice of a general meeting of ACG's Public Shareholders
for the purpose of considering the Acquisition, both of which ACG expects to
publish in due course.

 

Notwithstanding the Deadline Extension, the mechanics through which Class A
Ordinary Shareholders may exercise their redemption rights remain as set out
in the Acquisition Extension Announcement. The new redemption payment date
will be announced in due course.

 

Unless otherwise defined, capitalised terms used in this announcement have the
meaning set forth in the Memorandum and Articles of Association of the
Company.

 

- ENDS -

 

The person responsible for the release of this information on behalf of the
Company is Artem Volynets, Chief Executive Officer and Chairman.

 

For further information please contact:

 

Palatine
 

Communications Advisor

Conal Walsh / Andreas Grueter / Richard Seed

acg@palatine-media.com

 

About the Company

 

ACG is a special purpose acquisition company with a vision to consolidate the
critical metals industry, starting with the copper sector. Through a series of
roll-up acquisitions, ACG intends to become a premier supplier of copper and
other critical metals to the western OEM supply chain, with best-in-class ESG
and carbon footprint characteristics. On October 12, 2022, ACG successfully
raised proceeds of approximately $125 million in its initial public offering
("IPO"), and listed on the London Stock Exchange (symbols: ACG and ACGW). On
27 June 2024, ACG extended the deadline by which it is required to complete an
acquisition from 30 June 2024 to 12 October 2024.

 

For further information please visit: www.acgcorp.co (http://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 any target
assets, ACG's ability to successfully or timely complete any future
acquisition, ACG's expectations around the performance of any target assets,
ACG's potential ability to obtain additional financing to complete any future
acquisition and the financial performance of the enlarged group that would
result from the potential completion of any future acquisition.
Forward-looking statements speak only as of the date they are made.

 
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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