Board Committee Changes & Transactions by PDMRs

 

 

News Release

May 11, 2017

 

Anglo Pacific Group PLC

Board Committee Changes & Notification of Transactions by Director/PDMRs

 

 

Anglo Pacific Group PLC (the "Company") (LSE: APF, TSX: APY) announces that following a review of the composition of the Board Committees, the following changes to Committee membership were effective from May 10, 2017.

 

Nomination Committee membership is comprised of current members David Archer, Mike Blyth, Rachel Rhodes and Robert Stan. In addition Patrick Meier joined as the Chair of this Committee, succeeding Mr. Blyth.

 

Remuneration Committee membership is comprised of current members Mike Blyth, David Archer and Robert Stan.  Patrick Meier stepped down from this Committee.  Mr. Blyth succeeds Mr. Archer as Chair of this Committee.

 

The membership of the Audit Committee remains unchanged.

 

Unit Awards

On May 10, 2017, the Company granted contingent rights called Unit Awards to certain Directors and other persons discharging managerial responsibilities ("PDMRs") as follows:

 

Name of Director / PDMR	Existing awards	Number of Plan Units allocated 10/05/2017	Total award	Corresponding maximum % share of Plan Pool
Julian Treger, Chief Executive Officer	56,000	20,000	76,000	76
Kevin Flynn, Chief Financial Officer	4,000	2,000	6,000	6
Juan Alvarez, Head of Investments	2,000	2,000	4,000	4

 

The Unit Awards were granted under and subject to the terms of the Anglo Pacific Group PLC Value Creation Plan (the "Plan") as approved by the Company's shareholders at the Annual General Meeting on June 11, 2014. Further information on the Plan is available in our 2016 Annual Report and Accounts, which can be found at www.anglopacificgroup.com.

 

No consideration was paid for the grant of the Unit Awards and no consideration will be due upon the grant of the option grants (if any) granted in respect of such Unit Awards nor on their maturity.

 

This notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulation (596/2014).

 

Directors' Share Dealings

The Company received notification on May 10, 2017 of the following transactions by Mr. Michael Blyth, Non-Executive Director and by connected persons of Mr. Julian Treger, Chief Executive Officer.

 

Mr. Blyth acquired 5,678 ordinary shares of 2 pence each in the Company ("Shares") at a price of 113.45p per Share. Further, Mr. Treger acquired 20,000 Shares via his pension fund at a price of 114p per Share. The transactions took place on the London Stock Exchange.

 

Following this notification, the total beneficial holding of Shares by Mr. Blyth and his connected persons is now 137,590 Shares and the total beneficial holding of Shares by Mr. Treger and his connected persons is now 5,616,454 Shares, representing 0.08% and 3.10% respectively, of the issued ordinary share capital of the Company.

 

This notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4R.

 

Directors' Share Dealings - Further information

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described at the beginning of this announcement.

 

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Julian Treger
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	Anglo Pacific Group PLC
b.	LEI	n/a
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	2p Ordinary Shares     GB0006449366
b.	Nature of the transaction	Acquisition of Shares
c.	Price(s) and volume(s)	Price(s)   Volume(s) 114p 20,000
d.	Aggregated information ·      Aggregated volume ·      Price	20,000 114p
e.	Date of the transaction	10 May 2017
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

 

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Mike Blyth
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	Anglo Pacific Group PLC
b.	LEI	n/a
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	2p Ordinary Shares     GB0006449366
b.	Nature of the transaction	Acquisition of Shares
c.	Price(s) and volume(s)	Price(s)   Volume(s) 113.45p 5,678
d.	Aggregated information ·      Aggregated volume ·      Price	5,678 113.45p
e.	Date of the transaction	10 May 2017
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

 

 

 

 

 

For further information:

 

Anglo Pacific Group PLC	+44 (0) 20 3435 7400
Julian Treger - Chief Executive Officer Kevin Flynn - Chief Financial Officer and Company Secretary
Website:	www.anglopacificgroup.com
BMO Capital Markets Limited	+44 (0) 20 7664 8020
Jeffrey Couch / Neil Haycock / Tom Rider / Jenny Wyllie
Macquarie Capital (Europe) Limited	+44 (0) 20 3037 2000
Raj Khatri / Nicholas Harland / Ariel Tepperman
Peel Hunt LLP	+44 (0) 20 7418 8900
Matthew Armitt / Ross Allister / Chris Burrows
Redleaf Communications	+44 (0) 20 7382 4769
Charlie Geller / Elise Palmer / Sam Modlin

Notes to Editors

About Anglo Pacific

Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company's strategy is to develop a leading international diversified royalty and streaming company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.