TIDMACG
RNS Number : 9030J
ACG Acquisition Company Limited
21 August 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
21 August 2023
ACG Acquisition Company Limited ("ACG" or the "Company")
Further Update on Acquisition
Further to its announcement on 10 August 2023, ACG announces
that, as of today, revisions to the Acquisition Agreement have yet
to be agreed. As the long-stop date of 18 August 2023 has now
passed, under the terms of the Acquisition Agreement, the
Acquisition Agreement may be terminated at any time. Discussions
between Appian Capital, the Anchor Investors and ACG are
ongoing.
Under the terms of its Memorandum and Articles, ACG has 12
months from the completion date of its initial public offering
(i.e., until 12 October 2023) to complete an acquisition, subject
to two three-month extensions without shareholder approval. Further
announcements will be made in due course.
Capitalised terms used in this announcement have the meaning set
forth in the prospectus relating to the Acquisition approved by the
U.K. Financial Conduct Authority and published by ACG on 30 June
2023 .
- ENDS -
The person responsible for the release of this information on
behalf of the Company is Artem Volynets, Chief Executive
Officer.
For further information please contact:
Palatine acg@palatine-media.com
Communications Advisor
Conal Walsh / Andreas Grueter / Richard Seed / Kelsey
Traynor
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
FURPBMATMTJTMFJ
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