REG - Acuren Corporation - PDMR/PCA Notifications
02/08/2024 14:00
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RNS Number : 0382Z Acuren Corporation 02 August 2024
For immediate release
Acuren Corporation
(formerly known as Admiral Acquisition Limited)
2 August 2024
PDMR/PCA NOTIFICATIONS
Acuren Corporation (formerly known as Admiral Acquisition Limited) (LSE: ADMR
/ ADMW) announces that it has received the following notifications on 31 July
2024 from certain persons discharging managerial responsibilities and persons
closely associated with them.
The notifications below are made in accordance with the Market Abuse
Regulation.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mariposa Acquisition IX, LLC
2 Reason for the notification
a) Position/status PCA of Sir Martin E. Franklin, 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 ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Exercise of warrants to subscribe for ordinary shares
c) Price(s) and volume(s) 9,950,000 warrants exercised at $10.00 per whole ordinary share for 2,487,500
ordinary shares
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mariposa Acquisition IX, LLC
2 Reason for the notification
a) Position/status PCA of Sir Martin E. Franklin, 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 ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Acquisition of ordinary shares
c) Price(s) and volume(s) 7,440,000 ordinary shares at $10.00 per ordinary share
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rory Cullinan
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 ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Exercise of warrants to subscribe for ordinary shares.
c) Price(s) and volume(s) 10,000 warrants exercised at $10.00 per whole ordinary share for 2,500
ordinary shares
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rory Cullinan
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 ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Award of restricted stock units vesting 30 July 2025
c) Price(s) and volume(s) N/A, 10,000 ordinary shares
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Talman Pizzey
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Acquisition of ordinary shares
c) Price(s) and volume(s) 400,000 ordinary shares at $10.00 per ordinary share
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Talman Pizzey
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Award of restricted stock units with (i) half of such units vesting one third
on each anniversary of the date of grant, being 30 July 2024 and (ii) half of
such units vesting on the later of the first anniversary of the date of grant
or the date on which Acuren's share price reaches $20 once listed on the NYSE
c) Price(s) and volume(s) N/A, 220,000 ordinary shares
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Michael Grigsby
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Award of restricted stock units with (i) half of such units vesting one third
on each anniversary of the date of grant, being 30 July 2024 and (ii) half of
such units vesting on the later of the first anniversary of the date of grant
or the date on which Acuren's share price reaches $20 once listed on the NYSE
c) Price(s) and volume(s) N/A, 170,000 ordinary shares
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name James E. Lillie
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 ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Award of restricted stock units vesting 30 July 2025
c) Price(s) and volume(s) N/A, 10,000 ordinary shares
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Peter Hochfelder
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 ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Award of restricted stock units vesting 30 July 2025
c) Price(s) and volume(s) N/A, 10,000 ordinary shares
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Elizabeth Meloy Hepding
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 ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Award of restricted stock units vesting 30 July 2025
c) Price(s) and volume(s) N/A, 10,000 ordinary shares
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Antoinette Bush
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 ACUREN CORPORATION
b) LEI 213800ZDFRNC8QXEZ481
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 / Identification Ordinary Shares
code
ISIN: VGG0093S1092
b) Nature of the transaction Award of restricted stock units vesting 30 July 2025
c) Price(s) and volume(s) N/A, 10,000 ordinary shares
d) Aggregated information N/A - single transaction
e) Date of the transaction 30 July 2024
f) Place of the transaction Outside of a trading venue
--Ends--
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