11 Oct 2018 07:00
News Release
11 October 2018
Anglo Pacific Group PLC
Vesting, Exercise and Sale of Options and PDMR Shareholding
Anglo Pacific Group PLC (the "Company") (LSE: APF, TSX: APY) announces that on 10 October 2018 the Company issued and allotted 51,453 new ordinary shares of 2 pence each in the Company ("Shares") as a result of the vesting and subsequent exercise of share options previously granted on 1 October 2015 by a number of employees, including Mr. Kevin Flynn, Chief Financial Officer and Mr. Juan Alvarez, Head of Investments.
Mr. Flynn exercised 25,974 options to subscribe for Shares, which were granted at 77p each, and subsequently sold 13,910 shares as detailed in the table below. The Company was also informed that Mr Flynn today purchased 230 Shares and that his wife purchased 670 Shares.
Mr. Alvarez exercised 6,493 options to subscribe for Shares, which were granted at 77p each, and subsequently sold those shares as detailed in the table below.
Following this notification, the total beneficial holding of Shares by Mr. Flynn and his connected persons is now 30,382 Shares and the total beneficial holding of Shares by Mr. Alvarez and his connected persons remains at 4,000 Shares, representing 0.017% and 0.002% respectively, of the issued ordinary share capital of the Company.
Application has been made to the London Stock Exchange and admission of the Shares is expected on or around 16 October 2018. An application has been made to the Toronto Stock Exchange (the "TSX") to list the Shares.
Following admission the total issued share capital of the Company will be 181,470,392 Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
More information on the CSOP is available in the Company's 2013 Annual Report, which can be found at www.anglopacificgroup.com.
PDMR 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 | Kevin Flynn | ||||||||||||
2. | Reason for the notification | |||||||||||||
a. | Position/status | Chief Financial Officer & Company Secretary | ||||||||||||
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 | 213800LXSV317746JZ71 | ||||||||||||
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 | Exercise of options, sale of shares and purchase of Shares | ||||||||||||
c. | Price(s) and volume(s) | Exercise
Sale
Purchase
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d. | Aggregated information · Aggregated volume · Price |
See above | ||||||||||||
e. | Date of the transaction | 10 October 2018 | ||||||||||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Louise Flynn | ||||
2. | Reason for the notification | |||||
a. | Position/status | Wife of Kevin Flynn, Chief Financial Officer & Company Secretary | ||||
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 | 213800LXSV317746JZ71 | ||||
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 | Purchase of Shares | ||||
c. | Price(s) and volume(s) | Purchase
| ||||
d. | Aggregated information · Aggregated volume · Price |
See above | ||||
e. | Date of the transaction | 10 October 2018 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a. | Name | Juan Alvarez | ||||||||
2. | Reason for the notification | |||||||||
a. | Position/status | Head of Investment | ||||||||
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 | 213800LXSV317746JZ71 | ||||||||
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 | Exercise and sale of options | ||||||||
c. | Price(s) and volume(s) | Exercise
Sale
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d. | Aggregated information · Aggregated volume · Price
|
See above | ||||||||
e. | Date of the transaction | 10 October 2018 | ||||||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||
For further information:
Anglo Pacific Group PLC | +44 (0) 20 3435 7400 |
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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 |
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Jeffrey Couch / Neil Haycock / Tom Rider |
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Canaccord Genuity Limited | +44 (0) 20 7523 8000 | ||
Martin Davison / James Asensio |
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Peel Hunt LLP | +44 (0) 20 7418 8900 | ||
Ross Allister / James Bavister |
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Capital Market Communications Limited (Camarco) | +44 (0) 20 3757 4997 | ||
Gordon Poole / Owen Roberts / James Crothers |
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Notes to Editors
About Anglo Pacific
Anglo Pacific Group PLC is a global natural resources royalty company. The Company's strategy is to develop a leading international diversified royalty company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth mainly 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.