Form 8 - ACG Metals Limited
ACG Metals Limited, acting as an offeror, has disclosed its public opening position concerning Anglo Asian Mining plc on December 10, 2025. The company and its concert parties hold significant stakes in ACG Metals Limited's Class A Ordinary Shares, with Lidya Madencilik Sanayi ve Ticaret A.S. holding 31.21% and Argentem Creek Partners LP holding 30.13%. Additionally, various directors hold smaller percentages of shares. The disclosure also details holdings in Sponsor Warrants, Public Warrants, and Private Warrants, primarily by Argentem Creek Partners LP and Lidya Madencilik Sanayi ve Ticaret A.S., with specific conversion prices and expiry dates noted. There are no disclosed interests or short positions in ACG Metals Limited's relevant securities by ACG Metals Limited itself, nor any rights to subscribe for new securities.
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Rules 8.1 and 8.2 of the Takeover Code (the "Code")
KEY INFORMATION
| (a) Full name of discloser: | ACG Metals Limited |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | ACG Metals Limited |
| (d) Is the discloser the offeror or the offeree? | OFFEROR |
| (e) Date position held: The latest practicable date prior to the disclosure | 10 December 2025 |
| (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | Anglo Asian Mining plc |
POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
| Class of relevant security: | Class A Ordinary Shares, Sponsor Warrants, Public Warrants and Private Warrants | |||
| Interests | Short positions | |||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | Nil | - | Nil | - |
| (2) Cash-settled derivatives: | Nil | - | Nil | - |
| TOTAL: | Nil | - | Nil | - |
All interests and all short positions should be disclosed.
Rights to subscribe for new securities
| Class of relevant security in relation to which subscription right exists: | None |
| Details, including nature of the rights concerned and relevant percentages: | None |
- POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
- Class A Ordinary Shares of no par value in the capital the capital of ACG Metals Limited (" Class A Ordinary Shares "): Name Number of Class A Ordinary Shares held % of Class A Ordinary Shares held Lidya Madencilik Sanayi ve Ticaret A.S. 7,112,071 31.21% Argentem Creek Partners LP * 6,865,497 30.13% Artem Volynets (Director)** 562,279 2.47% Fiona Paulus (Director) 45,333 0.20% Mustafa Aksoy (Director) 34,000 0.15% Maarten Terlouw (Director) 34,000 0.15% Mark Curtis (Director) 39,666 0.17% * Held via AOF Trading LLC , an entity controlled by Argentem Creek Partners LP. ** Held via ACG Advisory Limited, for which Artem Volynets is the ultimate beneficial owner. (b) Options over Class A Ordinary Shares: Option Holder Granted Total number of Options Exercise Price Vesting Dates Expiry Date Impact Investments LLC* 13 February 2025 216,592 US$1.00 The options vest equally in three tranches on 16 October 2025, 16 October 2026 and 16 October 2027. 13 February 2035 * Mike Pompeo is the Executive Chairman and 50% shareholder of Impact Investments LLC. (c) Sponsor Warrants over Class A Ordinary Shares: Name Conversion Price Number of Sponsor Warrants held Grant Date Expiry Date % of Sponsor Warrants held Argentem Creek Partners LP £5.34 1,693,243 5 September 2024 5 September 2029 40.01% Artem Volynets £5.34 336,817 5 September 2024 5 September 2029 7.96 % (d) Public Warrants over Class A Ordinary Shares: Name Conversion Price Number of Public Warrants held Grant Date Expiry Date % Public Warrants held Argentem Creek Partners LP £5.34 1,829,171 5 September 2024 5 September 2029 77.30% (e) Private Warrants over Class A Ordinary Shares: Name Conversion Price Number of Private Warrants held Grant Date Expiry Date % of Private Warrants held Argentem Creek Partners LP £5.34 2,537,501 5 September 2024 5 September 2029 50.17% Lidya Madencilik Sanayi ve Ticaret A.S. £5.34 1,994,039 5 September 2024 5 September 2029 39.43%
- OTHER INFORMATION
- Indemnity and other dealing arrangements
None .
- Agreements, arrangements or understandings relating to options or derivatives
None .
Attachments
Are any Supplemental Forms attached?
| Supplemental Form 8 (Open Positions) | No |
| Supplemental Form 8 (SBL) | No |
| Date of disclosure: | 10 December 2025 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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