ACACIA MINING PLC Director/PDMR Shareholding

 
TIDMACA 
 
28 February 2019 
 
                               Acacia Mining plc 
 
                                    LSE:ACA 
 
                          ("Acacia" or the "Company") 
 
                         Director / PDMR Shareholding 
 
           Grant of nil-cost options under Long Term Incentive Plan 
 
The Company notifies the grant of nil-cost options ("options") over ordinary 
shares in the capital of the Company to members of its executive leadership 
team, which took place on 26 February 2019 pursuant to the rules of its Long 
Term Incentive Plan ("LTIP"). 
 
The vesting of the shares subject to each option is conditional upon the 
assessment of the Company's TSR performance against the constituents of the 
EMIX (formerly Euromoney Global Gold Index) over a five year performance 
period.  No shares will vest if Acacia's TSR is below the median TSR of the 
Index constituents over that period and Acacia's TSR must outperform the median 
TSR of the Index constituents by 50% in order for 100% of the shares to vest. 
 
The allocation value of each option was determined in accordance with the rules 
of the LTIP and by reference to the average middle market quotation of an 
Acacia share over the five days prior to the date of grant, equal to 244.02 
pence per Acacia share.  The place of the transaction for all the options was 
outside trading venue. The issuer for all the options is Acacia Mining plc and 
the relevant identification code is GB00B61D2N63. 
 
For the purposes of the information below, only Peter Geleta is a Director of 
the Company. The relevant notifications have also been submitted to the 
Financial Conduct Authority. 
 
Details of the person discharging managerial responsibilities/person closely 
associated Volume(s) 
 
Peter Geleta, Chief Executive Officer Nil-cost option over 696,664 shares 
 
Jaco Maritz, Chief Financial Officer Nil-cost option over 401,596 shares 
 
Charlie Ritchie, Head of Legal and Compliance Nil-cost option over 494,386 
shares 
 
ENQUIRIES 
 
For further information, please visit our website: www.acaciamining.com or 
contact: 
 
Acacia Mining plc             [phone] 
Sally Marshak, Head of Investor Relations and Communications 
 
Camarco                         [phone] 
Gordon Poole / Nick Hennis 
 
About ACACIA 
 
Acacia Mining plc (LSE:ACA) is the UK holding company of the Acacia Group, 
Tanzania's largest gold miner and one of the largest producers of gold in 
Africa. The Acacia Group has three mines, all located in north-west Tanzania: 
Bulyanhulu, which is owned and operated by Bulyanhulu Gold Mine Limited, 
Buzwagi, which is owned and operated by Pangea Minerals Limited and North Mara, 
which is owned and operated by North Mara Gold Mine Limited. The Acacia Group 
also has a portfolio of exploration projects in Kenya, Burkina Faso and Mali. 
Acacia Mining plc is a UK public company headquartered in London. It is listed 
on the Main Market of the London Stock Exchange with a secondary listing on the 
Dar es Salaam Stock Exchange. Barrick Gold Corporation is the majority 
shareholder of Acacia Mining plc. 
 
Disclaimer and forward-looking statements 
 
This announcement is for information purposes only and does not constitute an 
invitation or offer to underwrite, subscribe for or otherwise acquire or 
dispose of any securities of Acacia in any jurisdiction. This announcement 
includes "forward-looking statements" that express or imply expectations of 
future events or results as opposed to historical facts. These statements 
include, financial projections and estimates and their underlying assumptions, 
statements regarding plans, objectives and expectations with respect to future 
production, operations, costs, projects, and statements regarding future 
performance. Forward-looking statements are generally identified by the words 
"plans," "expects," "anticipates," "believes," "intends," "estimates" and other 
similar expressions. All forward-looking statements involve a number of risks, 
uncertainties and other factors, many of which are beyond the control of 
Acacia, which could cause actual results and developments to differ materially 
from those expressed in, or implied by, the forward-looking statements 
contained herein. Factors that could cause or contribute to differences between 
the actual results, performance and achievements of Acacia include, but are not 
limited to, changes or developments in political, economic or business 
conditions or national or local legislation or regulation in countries in which 
Acacia conducts - or may in the future conduct - business, industry trends, 
competition, fluctuations in the spot and forward price of gold or certain 
other commodity prices (such as copper and diesel), currency fluctuations 
(including the US dollar, South African rand, Kenyan shilling and Tanzanian 
shilling exchange rates), Acacia's ability to successfully integrate 
acquisitions, Acacia's ability to recover its reserves or develop new reserves, 
including its ability to convert its resources into reserves and its mineral 
potential into resources or reserves, and to process its mineral reserves 
successfully and in a timely manner, Acacia's ability to complete land 
acquisitions required to support its mining activities, operational or 
technical difficulties which may occur in the context of mining activities, 
delays and technical challenges associated with the completion of projects, 
risk of trespass, theft and vandalism, changes in Acacia's business strategy 
and ongoing implementation of operational reviews, as well as risks and hazards 
associated with the business of mineral exploration, development, mining and 
production and risks and factors affecting the gold mining industry in general. 
Although Acacia's management believes that the expectations reflected in such 
forward-looking statements are reasonable, Acacia cannot give assurances that 
such statements will prove to be correct. Accordingly, investors should not 
place reliance on forward-looking statements contained in this announcement. 
Any forward-looking statements in this announcement only reflect information 
available at the time of preparation. Save as required under the Market Abuse 
Regulation or otherwise as may be required under applicable law, Acacia 
explicitly disclaims any obligation or undertaking publicly to update or revise 
any forward-looking statements in this announcement, whether as a result of new 
information, future events or otherwise. Nothing in this announcement should be 
construed as a profit forecast or estimate and no statement made should be 
interpreted to mean that Acacia's profits or earnings per share for any future 
period will necessarily match or exceed its historical published profits or 
earnings per share. 
 
 
 
END 
 

(END) Dow Jones Newswires

February 28, 2019 02:00 ET (07:00 GMT)