Metals Acquisition Limited Completes Redemption of Public and Private Placement Warrants and Russell 3000® Indices Inclusion
On
1,026 Warrants were exercised at an exercise price of
Accordingly, the Company will have 74,055,263 Ordinary Shares and no public warrants or private placement warrants outstanding as a result of the redemption of the Warrants. The Company continues to have 3,187,500 financing warrants outstanding to purchase Ordinary Shares, which were issued to
The table below sets out the impact of the Warrant redemption on the share capital and cash position of the Company as well as the dilution to the holders of Ordinary Shares (including Ordinary Shares which are represented by Chess Depository Interests (“CDIs”) on the
Aggregate number of Ordinary Shares issued |
4,701,071 |
Cash received from redemption of Warrants |
|
Dilution to existing issued Ordinary Shares (%) |
6.35% |
Total number of Ordinary Shares on issue |
74,055,263 |
The Warrants have ceased trading on the
Updated Substantial Shareholder Information
As a result of the Warrant redemption, the table below sets out the information known to MAC as at the date of this announcement concerning the substantial holdings in MAC’s Ordinary Shares and CDIs. Terms which are defined in Chapter 6C of the Australian Corporations Act 2001 (Cth) (“Corporations Act”) are used with their defined meanings.
|
Record Holder(s) (if different) |
Ordinary Shares / CDIs held (as at date of previous notices) |
% of total Ordinary Shares / CDIs on issue (as at date of previous notices) |
Ordinary Shares / CDIs held (as at date of this notice) |
% of total Ordinary Shares / CDIs on issue (as at date of this notice) |
|
N/A |
10,000,0001 |
14.4% |
10,000,000 |
13.5% |
Blackrock, Inc. |
BlackRock World Mining Trust plc
BlackRock Global Funds –
|
6,332,5112 |
9.1% |
6,332,511 |
8.6% |
Fourth Sail |
|
5,954,5451 |
8.6% |
6,104,694 |
8.2% |
|
United Super Pty Ltd ABN 46 006 261 623 as trustee for the Construction and |
5,337,434 3 |
7.7% |
4,845,138 |
6.5% |
|
N/A |
4,000,0001 |
5.8% |
4,000,000 |
5.4% |
____________________ |
|||||
1 As at notice dated |
|||||
2 As at notice dated |
|||||
3 As at notice dated |
As a private limited company incorporated under the laws of Jersey, Channel Islands, Chapter 6C of the Corporations Act does not apply to shareholders of MAC. However, the Company has agreed with the ASX to release to the market certain information about a person becoming a substantial holder in the Company within the meaning of section 671B of the Corporations Act, varying its substantial holding by 1% or more or ceasing to be a substantial holder. It is important to note that:
- MAC is not required to, and does not intend to, make enquiries of any person, including (without limitation) its shareholders, to identify or verify details of substantial holdings;
- unless a holder advises MAC of the details of any associates (or other relevant persons) that have a relevant interest (or deemed relevant interest) in its Ordinary Shares, MAC will be unaware of these other relevant interests, if any; and
- accordingly, any information that MAC provides to the ASX is provided only to the best of the knowledge and belief of MAC and MAC expressly disclaims responsibility for the accuracy and completeness of the information provided to the maximum extent permitted by law.
Russell 3000 ® Indices Inclusion
MAC is expected to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on
The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of
For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Forward Looking Statements
This press release includes “forward-looking statements.” MAC’s actual results may differ from expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside MAC’s control and are difficult to predict. MAC cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. MAC does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
More information on potential factors that could affect MAC’s or CSA Mine’s financial results is included from time to time in MAC’s public reports filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240610489497/en/
Chief Executive Officer & Director
investors@metalsacqcorp.com
Chief Financial Officer
Source: