11 May 2017 16:53
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) |
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d. | Aggregated information · Aggregated volume · Price
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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) |
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d. | Aggregated information · Aggregated volume · Price
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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
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Website: | www.anglopacificgroup.com | |
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BMO Capital Markets Limited | +44 (0) 20 7664 8020 | |
Jeffrey Couch / Neil Haycock / Tom Rider / Jenny Wyllie |
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Macquarie Capital (Europe) Limited | +44 (0) 20 3037 2000 | |
Raj Khatri / Nicholas Harland / Ariel Tepperman |
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Peel Hunt LLP | +44 (0) 20 7418 8900 | |
Matthew Armitt / Ross Allister / Chris Burrows |
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Redleaf Communications | +44 (0) 20 7382 4769 | |
Charlie Geller / Elise Palmer / Sam Modlin
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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.