Supplement Approval & Timeline Update
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Results of Redemption Elections
BACKGROUND
The Prospectus is available on the Company's website at www.acgcorp.co, subject to certain access restrictions. Capitalised terms not otherwise defined in this announcement have the meaning set forth in the Prospectus.
On 29 August 2024, ACG announced the finalization of the Acquisition funding.
APPROVAL AND PUBLICATION OF SUPPLEMENTARY PROSPECTUS
UPDATE on Acquisition closing
ACG announces today that the closing of the Acquisition is now expected to take place on Tuesday 3 September 2024 with Re-Admission expected to occur on Wednesday 4 September 2024.
Results of Redemption Elections
As described in the Prospectus, the Company provided Class A Ordinary Shareholders with the right to redeem their Class A Ordinary Shares in connection with the Acquisition.
ACG further announces today that the deadline by which Class A Ordinary Shareholders wishing to redeem all or a portion of their depositary interests in Class A Ordinary Shares were required to submit their redemption election electronically through CREST has now expired.
The number of Class A Ordinary Shares redeemed by Class A Ordinary Shareholders is as follows:
| Class A Ordinary Shares redeemed | Class A Ordinary Shares not redeemed | ||
|---|---|---|---|
| Amount | %* | Amount | %* |
| 1,657 | 40.30 | 2,455 | 59.70 |
*Percentage of the total amount of outstanding Class A Ordinary Shares prior to the commencement of the redemption period (i.e., 4,112 Class A Ordinary Shares), rounded to two decimal places.
Class A Ordinary Shareholders who validly elected to redeem all or a portion of their depositary interests in the Class A Ordinary Shares on or before the Election Cut-off Time shall have such depositary interests in the Class A Ordinary Shares redeemed and payment in respect of these will be made by Link Market Services Trustees Limited, acting as Depositary, by 3 September 2024 at the latest. The Company announces today that the final redemption price is $30.2966 per Class A Ordinary Share.
Further announcements will be made in due course as needed. Unless otherwise defined, capitalised terms used in this announcement have the meaning set forth in the Supplementary Prospectus.
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