Notification of transactions by PDMRs
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Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and a Person Closely Associated ("PCA") to a PDMR
Grant of Share Awards and Allotment of Shares to certain Non-Executive Directors
ACG Metals Limited announces that on 16 October 2024, in line with the terms set out in the Re-Admission Prospectus dated 7 August 2024 (the "Prospectus"), it granted awards under the ACG Equity Incentive Plan ("EIP") to the following individuals:
- Chairman & CEO - Artem Volynets (through his personal service company)
- CFO - Patrick Henze
The grant of awards for the Chairman (& CEO) and CFO are the first tranche of a one-off performance share award under the rules of the EIP to acquire Class A Ordinary Shares. These awards and the Class A Ordinary Shares will vest in three equal annual tranches on the first, second and third anniversaries of the date of grant, conditional on the continued employment of the CEO and the CFO and subject to the achievement of performance targets. The second tranche of these one-off performance share awards will be granted on a later date, subject to the completion of a further transaction by the Company.
The share awards form part of the Company's strategy to align the interests of senior management with shareholders and to incentivise sustained long-term performance.
In addition, as set out in the in the Prospectus, the Independent Non-Executive Directors (Mark Cutis, Hendrik Johannes Faul, Fiona Paulus, Maarten Terlouw and Mustafa Aksoy), have been allotted and issued Class A Ordinary Shares in recognition of their workload in preparation for the Company's re-admission to trading following the acquisition of the Gediktepe Mine.
Following the grant of the awards of the awards under the EIP and the issue of Class A Ordinary Shares to directors noted above, the interests of the directors in the share capital of the Company will be as follows:
| Name | Number of existing Class A Ordinary Shares | Number of Class A Ordinary Shares to be issued | Total number of Class A Ordinary Shares held on Admission | Percentage of issued share capital |
|---|---|---|---|---|
| Artem Volynets | 147,731 | 325,000* | 472,731 | 2.5% |
| Patrick Henze | 34,432 | 203,437* | 237,869 | 1.3% |
| Mark Curtis | 0 | 39,666 | 39,666 | 0.2% |
| Hendrik Johannes Faul | 0 | 39,666 | 39,666 | 0.2% |
| Fiona Paulus | 0 | 45,333 | 45,333 | 0.2% |
| Maarten Terlouw | 0 | 34,000 | 34,000 | 0.2% |
| Mustafa Aksoy | 0 | 34,000 | 34,000 | 0.2% |
* Vesting subject to satisfaction of performance targets and continued employment
Application will be made for the new Class A Ordinary Shares to be listed on the equity shares (transition category) of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange and a further announcement confirming such admission will be made in due course.
A copy of the FCA notification form in respect of vesting of the awards to each PDMR and PCA as required under the EU Market Abuse Regulation and in the prescribed format, is set out below. Notification of a Transaction pursuant to Article 19(3) of the EU Market Abuse Regulation No 596/2014.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | ACG Advisory Ltd as a person closely associated with Artem Volynets |
| 2 | Reason for the notification | |
| a) | Position/status | Artem Volynets is the Chairman & CEO / ACG Advisory Ltd is a person closely associated with Artem Volynets |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | ACG Metals Limited |
| b) | LEI | 549300NXL2KSHKJXTU29 |
| a) | Description of the financial instrument, type of instrument Identification code | Class A Ordinary Shares in ACG Metals Limited ISIN: VGG0056A1030 |
| b) | Nature of the transaction | Award of restricted shares under the EIP |
| c) | Price(s) and volume(s) | Price(s) Volume(s) US$1 in aggregate 325,000 Class A Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price | 325,000 Class A Ordinary Shares US$1 in aggregate |
| e) | Date of the transaction | 16 October 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Patrick Henze |
| 2 | Reason for the notification | |
| a) | Position/status | CFO |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | ACG Metals Limited |
| b) | LEI | 549300NXL2KSHKJXTU29 |
| a) | Description of the financial instrument, type of instrument Identification code | Class A Ordinary Shares in ACG Metals Limited ISIN: VGG0056A1030 |
| b) | Nature of the transaction | Award of restricted shares under the EIP |
| c) | Price(s) and volume(s) | Price(s) Volume(s) USD$1 in aggregate 203,437 Class A Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price | 203,437 Class A Ordinary Shares USD$1 in aggregate |
| e) | Date of the transaction | 16 October 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Hendrik Johannes Faul |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | ACG Metals Limited |
| b) | LEI | 549300NXL2KSHKJXTU29 |
| a) | Description of the financial instrument, type of instrument Identification code | Class A Ordinary Shares in ACG Metals Limited ISIN: VGG0056A1030 |
| b) | Nature of the transaction | Allotment and issue of Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) US$1 in aggregate 39,666 Class A Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price | 39,666 Class A Ordinary Shares US$1 in aggregate |
| e) | Date of the transaction | 16 October 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Mark Cutis |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | ACG Metals Limited |
| b) | LEI | 549300NXL2KSHKJXTU29 |
| a) | Description of the financial instrument, type of instrument Identification code | Class A Ordinary Shares in ACG Metals Limited ISIN: VGG0056A1030 |
| b) | Nature of the transaction | Allotment and issue of Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) US$1 in aggregate 39,666 Class A Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price | 39,666 Class A Ordinary Shares US$1 in aggregate |
| e) | Date of the transaction | 16 October 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Fiona Paulus |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | ACG Metals Limited |
| b) | LEI | 549300NXL2KSHKJXTU29 |
| a) | Description of the financial instrument, type of instrument Identification code | Class A Ordinary Shares in ACG Metals Limited ISIN: VGG0056A1030 |
| b) | Nature of the transaction | Allotment and issue of Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) US$1 in aggregate 45,333 Class A Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price | 45,333 Class A Ordinary Shares US$1 in aggregate |
| e) | Date of the transaction | 16 October 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Mustafa Aksoy |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | ACG Metals Limited |
| b) | LEI | 549300NXL2KSHKJXTU29 |
| a) | Description of the financial instrument, type of instrument Identification code | Class A Ordinary Shares in ACG Metals Limited ISIN: VGG0056A1030 |
| b) | Nature of the transaction | Allotment and issue of Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) US$1 in aggregate 34,000 Class A Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price | 34,000 Class A Ordinary Shares US$1 in aggregate |
| e) | Date of the transaction | 16 October 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Maarten Terlouw |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | ACG Metals Limited |
| b) | LEI | 549300NXL2KSHKJXTU29 |
| a) | Description of the financial instrument, type of instrument Identification code | Class A Ordinary Shares in ACG Metals Limited ISIN: VGG0056A1030 |
| b) | Nature of the transaction | Allotment and issue of Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) US$1 in aggregate 34,000 Class A Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price | 34,000 Class A Ordinary Shares US$1 in aggregate |
| e) | Date of the transaction | 16 October 2024 |
| f) | Place of the transaction | Outside a trading venue |
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