Business
Chairman Resignation & Appointment of New Director
Chairman Resignation & Appointment of New Director.
About this update from Acg Metals Limited Class A
[{"type":"text","content":"\n\nNOT 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\n \nTHIS 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\n \n10 November 2023\n \nACG Acquisition Company Limited (\"ACG\" or the \"Company\")\nResignation of Chairman of the Board and\nAppointment of Acting Chairman of the Board and Senior Independent Director\n \nMr. Peter Whelan has decided to tender his resignation from his position of Chairman of the Board of the Company, effective today. The Company wishes to thank Mr. Whelan for his services during his tenure as Chairman of the Board.\n \nMr. Artem Volynets, the Company's Chief Executive Officer and Executive Director, will serve as Acting Chairman of the Board.\n \nMs. Fiona Paulus will be appointed as a Director of the Company and serve as Senior Independent Director until further notice. Ms. Paulus has over 37 years' global investment banking experience, having held senior management roles with a number of leading international investment banks including Credit Suisse, ABN AMRO Bank, and Citigroup. During her career, Ms. Paulus has led a variety of global banking businesses, from start-ups to companies with US$4 billion in annual revenues. Additionally, Ms. Paulus has advised companies and private equity firms on strategic initiatives in the energy and resources sectors across more than 70 countries, often in complex and challenging situations.\n \nThe Board remains otherwise unchanged.\n \nAbout the Company\n \nACG Acquisition Company Limited is a SPAC looking to benefit from favourable price conditions for new economy metals and other mining materials.\n \nThe 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 diversificatio...