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ACA Acacia Mining Plc

234.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Acacia Mining Plc LSE:ACA London Ordinary Share GB00B61D2N63 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 234.00 234.60 235.40 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ACACIA MINING PLC Statement re announcement from Barrick

19/06/2019 7:35am

UK Regulatory


 
TIDMACA TIDM0R22 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR 
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 
 
THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER 
UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE 
CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE 
 
                 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
19 June 2019 
 
                               Acacia Mining plc 
 
                                    LSE:ACA 
 
                 STATEMENT REGARDING ANNOUNCEMENT FROM BARRICK 
 
Acacia Mining plc ("Acacia" or "the Company") notes the announcement from 
Barrick Gold Corporation ("Barrick") yesterday regarding their views on the 
situation in Tanzania and Acacia's mine plans ("the Announcement"). 
 
The Company strongly disagrees with a number of statements made in the 
Announcement. The Company is also surprised with the circumstances and timing 
of the Announcement, which immediately followed earlier announcements regarding 
Acacia's agreement to Barrick's request for an extension to the PUSU Deadline. 
The Company will provide a detailed response to the relevant aspects of the 
announcement, as appropriate, in due course. 
 
Shareholders are strongly urged to take no action at this time. 
 
In accordance with Rule 2.6(a) of the Code, Barrick is required, by not later 
than 5.00pm on 9 July 2019, either to announce a firm intention to make an 
offer in accordance with Rule 2.7 of the Code or to announce that they do not 
intend to make an offer, in which case the announcement will be treated as a 
statement to which Rule 2.8 of the Code applies. This deadline may be extended 
with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the 
Code. 
 
Terms not defined herein have the meaning as set out in the Company's 
announcement dated 18 June 2019. 
 
ENQUIRIES 
 
For further information, please visit our website: www.acaciamining.com or 
contact. 
 
Acacia Mining plc 
 
              +44 (0) 20 7129 7150 
 
Sally Marshak, Head of Investor Relations and Communications 
              +44 (0) 752 580 7953 
 
Camarco 
 
              +44 (0) 20 3757 4980 
 
Gordon Poole / Nick Hennis 
 
J.P. Morgan Cazenove (Joint Lead Financial Adviser and Broker): 
              +44 (0) 20 7742 4000 
 
Barry Weir 
 
James Robinson 
 
Dimitri Reading-Picopoulos 
 
RBC Capital Markets (Joint Lead Financial Adviser and Broker): 
              +44 (0) 20 7653 4000 
 
Kevin Smith 
 
Paul Betts 
 
Vicky Liu 
 
Lazard & Co., Limited (Financial Adviser to the Transaction Committee of Acacia 
Mining plc): 
 
Spiro Youakim 
 
              +44 (0) 20 7187 2000 
 
William Lawes 
 
Gustavo Plenge 
 
Further Information: 
 
J.P. Morgan Limited, which conducts its UK investment banking business as J.P. 
Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised and regulated in the 
United Kingdom by the Financial Conduct Authority. J.P. Morgan Cazenove is 
acting as financial adviser exclusively for Acacia and no one else in 
connection with the matters set out in this announcement and will not regard 
any other person as its client in relation to the matters in this announcement 
and will not be responsible to anyone other than Acacia for providing the 
protections afforded to clients of J.P. Morgan Cazenove, nor for providing 
advice in relation to any matter referred to herein. 
 
RBC Europe Limited (trading as RBC Capital Markets), which is authorised by the 
Prudential Regulation Authority and regulated by the Financial Conduct 
Authority and the Prudential Regulation Authority in the United Kingdom, is 
acting for Acacia and no one else in connection with the matters referred to in 
this announcement and will not be responsible to anyone other than Acacia for 
providing the protections afforded to clients of RBC Capital Markets, or for 
providing advice in connection with the matters referred to in this 
announcement. 
 
Lazard & Co., Limited ("Lazard"), which is authorised and regulated in the 
United Kingdom by the Financial Conduct Authority, is acting exclusively for 
the Transaction Committee of Acacia Mining plc and for no one else in 
connection with the matters set out in this announcement and will not be 
responsible to anyone other than the Transaction Committee of Acacia Mining plc 
for providing the protections afforded to clients of Lazard nor for providing 
advice in relation to the matters referred to in this announcement. Neither 
Lazard nor any of its affiliates owes or accepts any duty, liability or 
responsibility whatsoever (whether direct or indirect, whether in contract, in 
tort, under statute or otherwise) to any person who is not a client of Lazard 
in connection with this announcement, any statement contained herein or 
otherwise. 
 
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

June 19, 2019 02:35 ET (06:35 GMT)

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