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ACPE Acp Energy Plc

6.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Acp Energy Plc LSE:ACPE London Ordinary Share GB00BNVSX371 ORD GBP0.002
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ACP Energy PLC Updated Transaction Information

07/08/2024 11:50am

RNS Regulatory News


RNS Number : 5788Z
ACP Energy PLC
07 August 2024
 

 

 

7 August 2024

ACP ENERGY PLC

("ACP" or "the Company")

Updated Transaction Information

 

ACP Energy Plc (ACPE.L), a company formed to capture value accretive opportunities in the natural resources sector, is announcing that the Company considers completing its original transaction with Vinccler C.A. to now be very unlikely due to, inter alia, the political situation in Ecuador and elsewhere in Latin America, and the withdrawal of one of the Company's funding partners following a sudden death. The Directors have, therefore, entered into a conditional agreement ("Agreement") with a private Singaporean-based company intended to, ultimately, result in the purchase of a royalty interest of a natural resources asset ("Transaction"). If completed, the Agreement will additionally provide the Company with short-term funding, and a further announcement will be made in due course.

In the event that a Transaction is completed, it will constitute a reverse takeover under the Listing Rules. The Transaction will be subject to the satisfaction of certain conditions, including:

 

1.   the approval of the required share authorities and other ancillary matters to be set out in a Notice of General Meeting by shareholders of the Company;

 

2.   the successful completion of further fundraising activities to, inter alia, satisfy any consideration for the purchase of the royalty stream and to provide the Company with sufficient working capital;

 

3.   the ordinary shares of the Company being admitted to trading on the AIM market of the London Stock Exchange plc ("Admission").

 

At this stage, there can be no guarantee that the Transaction will complete nor as to the final terms of the Transaction or that Admission will occur. Further announcements and updates will be made in due course.

 

Paul Welch

Executive Chairman

 

For further information:

www.acpenergyplc.com

 

ACP Energy

Paul Welch, Chairman                                        +44 207 193 2376 / stacey@acpenergyplc.com                          

 

Celicourt Communications                                 +44 208 434 2643 / acpenergy@celicourt.uk

Mark Antelme / Jimmy Lea                    

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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