Business
Further Update on Acquisition
Further Update on Acquisition.
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 \n21 August 2023\n \nACG Acquisition Company Limited (\"ACG\" or the \"Company\")\nFurther Update on Acquisition\n \nFurther 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.\n \nUnder 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.\n \nCapitalised 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.\n \n \n- ENDS -\n \nThe person responsible for the release of this information on behalf of the Company is Artem Volynets, Chief Executive Officer.\n \nFor further information please contact:\n \nPalatine [email protected]\nCommunications Advisor\nConal Walsh / Andreas Grueter / Richard Seed / Kelsey Traynor\n \nAbout the Company\n \nACG Acquisition Company Limited is a SPAC looking to benefit from favourable price conditions ...