For immediate release
Acuren Corporation
(formerly known as Admiral Acquisition Limited)
2 August 2024
PDMR/PCA NOTIFICATIONS
Acuren Corporation (formerly known as Admiral Acquisition Limited) (LSE: ADMR / ADMW) announces that it has received the following notifications on 31 July 2024 from certain persons discharging managerial responsibilities and persons closely associated with them.
The notifications below are made in accordance with the Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mariposa Acquisition IX, LLC |
| 2 | Reason for the notification | |
| a) | Position/status | PCA of Sir Martin E. Franklin, Non-Executive Director |
| b)
| Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092
|
| b) | Nature of the transaction | Exercise of warrants to subscribe for ordinary shares |
| c) | Price(s) and volume(s) | 9,950,000 warrants exercised at $10.00 per whole ordinary share for 2,487,500 ordinary shares |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mariposa Acquisition IX, LLC |
| 2 | Reason for the notification | |
| a) | Position/status | PCA of Sir Martin E. Franklin, Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092
|
| b) | Nature of the transaction | Acquisition of ordinary shares |
| c) | Price(s) and volume(s) | 7,440,000 ordinary shares at $10.00 per ordinary share |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Rory Cullinan |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092 |
| b) | Nature of the transaction | Exercise of warrants to subscribe for ordinary shares. |
| c) | Price(s) and volume(s) | 10,000 warrants exercised at $10.00 per whole ordinary share for 2,500 ordinary shares |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Rory Cullinan |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092 |
| b) | Nature of the transaction | Award of restricted stock units vesting 30 July 2025 |
| c) | Price(s) and volume(s) | N/A, 10,000 ordinary shares |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Talman Pizzey |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092 |
| b) | Nature of the transaction | Acquisition of ordinary shares |
| c) | Price(s) and volume(s) | 400,000 ordinary shares at $10.00 per ordinary share |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Talman Pizzey |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092 |
| b) | Nature of the transaction | Award of restricted stock units with (i) half of such units vesting one third on each anniversary of the date of grant, being 30 July 2024 and (ii) half of such units vesting on the later of the first anniversary of the date of grant or the date on which Acuren's share price reaches $20 once listed on the NYSE |
| c) | Price(s) and volume(s) | N/A, 220,000 ordinary shares |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Michael Grigsby |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092 |
| b) | Nature of the transaction | Award of restricted stock units with (i) half of such units vesting one third on each anniversary of the date of grant, being 30 July 2024 and (ii) half of such units vesting on the later of the first anniversary of the date of grant or the date on which Acuren's share price reaches $20 once listed on the NYSE |
| c) | Price(s) and volume(s) | N/A, 170,000 ordinary shares |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | James E. Lillie |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092 |
| b) | Nature of the transaction | Award of restricted stock units vesting 30 July 2025 |
| c) | Price(s) and volume(s) | N/A, 10,000 ordinary shares |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Peter Hochfelder |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092 |
| b) | Nature of the transaction | Award of restricted stock units vesting 30 July 2025 |
| c) | Price(s) and volume(s) | N/A, 10,000 ordinary shares |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Elizabeth Meloy Hepding |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092 |
| b) | Nature of the transaction | Award of restricted stock units vesting 30 July 2025 |
| c) | Price(s) and volume(s) | N/A, 10,000 ordinary shares |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Antoinette Bush |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | ACUREN CORPORATION |
| b) | LEI | 213800ZDFRNC8QXEZ481 |
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a)
| Description of the financial instrument, type of instrument / Identification code | Ordinary Shares ISIN: VGG0093S1092 |
| b) | Nature of the transaction | Award of restricted stock units vesting 30 July 2025 |
| c) | Price(s) and volume(s) | N/A, 10,000 ordinary shares |
| d) | Aggregated information | N/A - single transaction |
| e) | Date of the transaction | 30 July 2024 |
| f) | Place of the transaction | Outside of a trading venue |
--Ends--
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