Business
Cash Tender Offer & Publication of Circular
Cash Tender Offer & Publication of Circular.
About this update from Acg Metals Limited Class A
[{"type":"text","content":"\n\nTHE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART IN AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE ITS RELEASE, PUBLICATION OR DISTRIBUTION IS OR MAY BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION.\n \nTHIS DOCUMENT DOES NOT CONTAIN OR FORM PART OF A SOLICITATION OF AN OFFER TO BUY SECURITIES IN THE UNITED STATES. PLEASE SEE THE SECTION \"IMPORTANT NOTICES\" AT THE END OF THIS DOCUMENT.\n \nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION TO PARTICIPATE IN THE CASH TENDER OFFER (AS DEFINED HEREIN) IN OR FROM ANY JURISDICTION IN OR FROM WHICH, OR TO OR FROM ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL TO MAKE SUCH OFFER UNDER APPLICABLE SECURITIES LAWS OR OTHERWISE.\n \n14 February 2025\n \nACG METALS LIMITED\n(\"ACG\" or the \"Company\")\nCash Tender Offer to acquire up to 11,528,325 Warrants in the Company for a consideration of approximately $5,764,163 at a price of $0.5 per Warrant\nACG announces that it has today published a circular (the \"Circular\") explaining the terms of a cash tender offer for up to 11,528,325 Public Warrants, Sponsor Warrants and Private Placement Warrants (together, the \"Warrants\") in the Company, representing approximately 30% of all Warrants (the \"Cash Tender Offer\").\nThe Company previously announced a Share Tender Offer on 7 February 2025 for approximately 70% of the Company's existing Warrants and the Cash Tender Offer is a subsequential offer for the remaining 30% of the Company's existing Warrants.\nThe Cash Tender Offer provides Warrantholders the opportunity to sell a portion of their holdings at a premium of 34.6 per cent. to the average middle market closing price of a Warrant for the 60 trading days ended 13 February 2025 (being the latest practicable date prior to the date of this Announcement).\nFollowing consultation with the market, the Directors believe that the Cash Tender Offer will simplify the Company's capital structure.\nUnless otherwise stated, capitalised terms used herein shall have the same meaning as ascribed to them in the Circular.\nThe Cash Tender Offer\nThe Cash Tender Offer opens today on 14 February 2025. Subject to the terms and conditions of the C...