Business
Barrick Gold Corporation Announces Court sanction of the Scheme
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY,...
About this update from Barrick Mining Corporation
[{"type":"text","content":"Barrick Gold Corporation Announces Court sanction of the SchemeNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTIONRECOMMENDED SHARE OFFER for ACACIA MINING PLC by BARRICK GOLD CORPORATION intended to be effected by means of a scheme of arrangement under Part 26 of the Companies Act Court sanction of the SchemeTORONTO, ON / ACCESSWIRE / September 13, 2019 / On 19 July 2019, the Boards of Acacia Mining plc (\"Acacia\") and Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) (\"Barrick\") announced that they had reached agreement on the terms of a recommended offer by Barrick for the ordinary share capital of Acacia that Barrick does not already own (the \"Acquisition\"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\"). The scheme circular was published by Acacia on 12 August 2019 (the \"Scheme Document\") and the Scheme was approved by the Scheme Shareholders at the Court Meeting on 3 September 2019.Acacia and Barrick are pleased to announce that the High Court of Justice in England and Wales has today made an order sanctioning the Scheme under section 899 of the Companies Act 2006.Capitalised terms in this announcement, unless otherwise defined, have the same meanings as set out in the Scheme Document.Director resignations and appointmentsAcacia further announces that, with effect from the Effective Date (expected to be 17 September 2019), Peter Geleta, Rachel English, Steve Lucas, Deborah Gudgeon, Alan Ashworth and Adrian Reynolds shall resign as directors of Acacia, and Graham Shuttleworth and Martin Welsh shall be appointed as new directors of Acacia.Next stepsAcacia has confirmed that the Scheme Record Time for the Scheme will be 6.00 p.m. (London time) on 16 September 2019. Scheme Shareholders on Acacia's register of members at the Scheme Record Time will, upon the Scheme becoming effective in accordance with its terms (\"Effective\"), be entitled to receive:For every Scheme Share: 0.168 New Barrick Shares and any Acacia Exploration Properties Special Dividends and any Deferred Cash Consideration Dividends, as described in the Scheme Document.A request has been made for the suspension of the listi...