REG - ACG Metals Ltd. - Notification of transactions by PDMRs

ACG MetalsAnnouncement

16/10/2024 07:00

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RNS Number : 3249I  ACG Metals Limited  16 October 2024

16 October 2024

ACG METALS LIMITED

 

("ACG" or the "Company")

 

Notification of transactions by Persons Discharging Managerial
Responsibilities ("PDMRs") and a Person Closely Associated ("PCA") to a PDMR

 

Grant of Share Awards and Allotment of Shares to certain Non-Executive
Directors

 

ACG Metals Limited announces that on 16 October 2024, in line with the terms
set out in the Re-Admission Prospectus dated 7 August 2024 (the "Prospectus"),
it granted awards under the ACG Equity Incentive Plan ("EIP") to the following
individuals:

 

•      Chairman & CEO - Artem Volynets (through his personal
service company)

•      CFO - Patrick Henze

 

The grant of awards for the Chairman (& CEO) and CFO are the first tranche
of a one-off performance share award under the rules of the EIP to acquire
Class A Ordinary Shares. These awards and the Class A Ordinary Shares will
vest in three equal annual tranches on the first, second and third
anniversaries of the date of grant, conditional on the continued employment of
the CEO and the CFO and subject to the achievement of performance targets. The
second tranche of these one-off performance share awards will be granted on a
later date, subject to the completion of a further transaction by the Company.

 

The share awards form part of the Company's strategy to align the interests of
senior management with shareholders and to incentivise sustained long-term
performance.

 

In addition, as set out in the in the Prospectus, the Independent
Non-Executive Directors (Mark Cutis, Hendrik Johannes Faul, Fiona Paulus,
Maarten Terlouw and Mustafa Aksoy), have been allotted and issued Class A
Ordinary Shares in recognition of their workload in preparation for the
Company's re-admission to trading following the acquisition of the Gediktepe
Mine.

 

Following the grant of the awards of the awards under the EIP and the issue of
Class A Ordinary Shares to directors noted above, the interests of the
directors in the share capital of the Company will be as follows:

 

 

 Name                   Number of existing Class A Ordinary Shares  Number of Class A Ordinary Shares to be issued  Total number of Class A Ordinary Shares held on Admission  Percentage of issued share capital
 Artem Volynets         147,731                                     325,000*                                        472,731                                                    2.5%
 Patrick Henze           34,432                                     203,437*                                        237,869                                                    1.3%
 Mark Curtis            0                                           39,666                                          39,666                                                     0.2%
 Hendrik Johannes Faul  0                                           39,666                                          39,666                                                     0.2%
 Fiona Paulus           0                                           45,333                                          45,333                                                     0.2%
 Maarten Terlouw        0                                           34,000                                          34,000                                                     0.2%
 Mustafa Aksoy          0                                           34,000                                          34,000                                                     0.2%

* Vesting subject to satisfaction of performance targets and continued
employment

 

Application will be made for the new Class A Ordinary Shares to be listed on
the equity shares (transition category) of the Official List of the Financial
Conduct Authority and to trading on the London Stock Exchange and a further
announcement confirming such admission will be made in due course.

 

 

For further information, please contact:

 

Palatine

Communications advisor

Conal Walsh / James Gilheany/ Kelsey Traynor/ Richard Seed

acg@palatine-media.com (mailto:acg@palatine-media.com)

 

About ACG:

ACG is a 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.

 

In September 2024, ACG successfully completed the acquisition of the Gediktepe
Mine, an operating open pit mine in Türkiye currently producing 34 koz of
gold and 361 koz of silver. Gediktepe is expected to transition to primary
copper and zinc production from 2026 and will target annual steady-state
copper equivalent production of 20-25 kt.

 

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
as well as a commitment to ESG principles and strong corporate governance.

 

For further information please visit: https://www.acgcorp.co/
(https://www.acgcorp.co/)

 

 

A copy of the FCA notification form in respect of vesting of the awards to
each PDMR and PCA as required under the EU Market Abuse Regulation and in the
prescribed format, is set out below. Notification of a Transaction pursuant to
Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         ACG Advisory Ltd as a person closely associated with Artem Volynets
 2   Reason for the notification
 a)  Position/status                                              Artem Volynets is the Chairman & CEO / ACG Advisory Ltd is a person
                                                                  closely associated with Artem Volynets
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         ACG Metals Limited
 b)  LEI                                                          549300NXL2KSHKJXTU29
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Class A Ordinary Shares in ACG Metals Limited

     Identification code                                          ISIN: VGG0056A1030
 b)  Nature of the transaction                                    Award of restricted shares under the EIP
 c)  Price(s) and volume(s)                                       Price(s)           Volume(s)
                                                                  US$1 in aggregate  325,000 Class A Ordinary Shares
 d)  Aggregated information

- Aggregated volume
 325,000 Class A Ordinary Shares
     - Price                                                       US$1 in aggregate
 e)  Date of the transaction                                      16 October 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

   325,000 Class A Ordinary Shares
   US$1 in aggregate

e)

Date of the transaction

16 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Patrick Henze
 2   Reason for the notification
 a)  Position/status                                              CFO
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         ACG Metals Limited
 b)  LEI                                                          549300NXL2KSHKJXTU29
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Class A Ordinary Shares in ACG Metals Limited

     Identification code                                          ISIN: VGG0056A1030
 b)  Nature of the transaction                                    Award of restricted shares under the EIP
 c)  Price(s) and volume(s)                                       Price(s)            Volume(s)
                                                                  USD$1 in aggregate  203,437 Class A Ordinary Shares
 d)  Aggregated information

- Aggregated volume
 203,437 Class A Ordinary Shares
     - Price                                                       USD$1 in aggregate
 e)  Date of the transaction                                      16 October 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

   203,437 Class A Ordinary Shares
   USD$1 in aggregate

e)

Date of the transaction

16 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Hendrik Johannes Faul
 2   Reason for the notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         ACG Metals Limited
 b)  LEI                                                          549300NXL2KSHKJXTU29
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Class A Ordinary Shares in ACG Metals Limited

     Identification code                                          ISIN: VGG0056A1030
 b)  Nature of the transaction                                    Allotment and issue of Shares
 c)  Price(s) and volume(s)                                       Price(s)           Volume(s)
                                                                  US$1 in aggregate  39,666 Class A Ordinary Shares
 d)  Aggregated information

- Aggregated volume
 39,666 Class A Ordinary Shares
     - Price                                                       US$1 in aggregate
 e)  Date of the transaction                                      16 October 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

   39,666 Class A Ordinary Shares
   US$1 in aggregate

e)

Date of the transaction

16 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Mark Cutis
 2   Reason for the notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         ACG Metals Limited
 b)  LEI                                                          549300NXL2KSHKJXTU29
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Class A Ordinary Shares in ACG Metals Limited

     Identification code                                          ISIN: VGG0056A1030
 b)  Nature of the transaction                                    Allotment and issue of Shares
 c)  Price(s) and volume(s)                                       Price(s)           Volume(s)
                                                                  US$1 in aggregate  39,666 Class A Ordinary Shares
 d)  Aggregated information

- Aggregated volume
 39,666 Class A Ordinary Shares
     - Price                                                       US$1 in aggregate
 e)  Date of the transaction                                      16 October 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

   39,666 Class A Ordinary Shares
   US$1 in aggregate

e)

Date of the transaction

16 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Fiona Paulus
 2   Reason for the notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         ACG Metals Limited
 b)  LEI                                                          549300NXL2KSHKJXTU29
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Class A Ordinary Shares in ACG Metals Limited

     Identification code                                          ISIN: VGG0056A1030
 b)  Nature of the transaction                                    Allotment and issue of Shares
 c)  Price(s) and volume(s)                                       Price(s)           Volume(s)
                                                                  US$1 in aggregate  45,333 Class A Ordinary Shares
 d)  Aggregated information

- Aggregated volume
 45,333 Class A Ordinary Shares
     - Price                                                       US$1 in aggregate
 e)  Date of the transaction                                      16 October 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

   45,333 Class A Ordinary Shares
   US$1 in aggregate

e)

Date of the transaction

16 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Mustafa Aksoy
 2   Reason for the notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         ACG Metals Limited
 b)  LEI                                                          549300NXL2KSHKJXTU29
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Class A Ordinary Shares in ACG Metals Limited

     Identification code                                          ISIN: VGG0056A1030
 b)  Nature of the transaction                                    Allotment and issue of Shares
 c)  Price(s) and volume(s)                                       Price(s)           Volume(s)
                                                                  US$1 in aggregate  34,000 Class A Ordinary Shares
 d)  Aggregated information

- Aggregated volume

     - Price

                                                                   34,000 Class A Ordinary Shares
                                                                   US$1 in aggregate
 e)  Date of the transaction                                      16 October 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

   34,000 Class A Ordinary Shares
   US$1 in aggregate

e)

Date of the transaction

16 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Maarten Terlouw
 2   Reason for the notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         ACG Metals Limited
 b)  LEI                                                          549300NXL2KSHKJXTU29
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Class A Ordinary Shares in ACG Metals Limited

     Identification code                                          ISIN: VGG0056A1030
 b)  Nature of the transaction                                    Allotment and issue of Shares
 c)  Price(s) and volume(s)                                       Price(s)           Volume(s)
                                                                  US$1 in aggregate  34,000 Class A Ordinary Shares
 d)  Aggregated information

- Aggregated volume
 34,000 Class A Ordinary Shares
     - Price                                                       US$1 in aggregate
 e)  Date of the transaction                                      16 October 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

   34,000 Class A Ordinary Shares
   US$1 in aggregate

e)

Date of the transaction

16 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

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