ACACIA MINING PLC Statement re announcement from Barrick
June 19 2019 - 2:35AM
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
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