20 May 2010 11:49
News Release
20th May 2010
Anglo Pacific Group PLC
Joint Share Ownership Plan
Anglo Pacific Group plc ('the Company', 'Anglo Pacific') announces that, on 19th May 2010 it issued 508,050 new shares at a price of 248p per share to the Anglo Pacific Group Employee Benefit Trust ('EBT') in accordance with the Anglo Pacific Group Joint Share Ownership Plan ('JSOP').
At the Annual General Meeting of Anglo Pacific on 21st April 2010 shareholders approved resolution No. 12, establishing the JSOP including the formation and operation of the EBT, the main features of which were summarised in Appendix 2 and Appendix 3 respectively of the Notice to the Meeting.
Under the JSOP rules, Chris Orchard, Matthew Tack and John Theobald each acquired 169,350 shares at a price of 248p, in co-ownership with the EBT. Under the JSOP rules the minimum vesting period for the shares is 3 years.
The 508,050 new shares rank pari passu in every respect with the existing issued ordinary shares in the Company. Application has been made to the UK Listing Authority and to the London Stock Exchange for these shares to be admitted to the Official List.
The Company also wishes to announce that, subject to receipt of the approvals aforementioned, the Directors' shareholdings have changed as set out below:-
|
|
At 8th April 2010 | JSOP Allocation 19th May 2010 |
19th May 2010 | % Issued Ordinary Share Capital |
| M.H.Atkinson | 3,803 | - | 3,803 | 0.01 |
| P.M.Boycott | 2,676,983 | - | 2,676,983 | 2.48 |
| A.C.Orchard | 85,634 | 169,350 | 254,984 | 0.24 |
| M.J.Tack | 96,049 | 169,350 | 265,399 | 0.25 |
| J.Theobald | 24,059 | 169,350 | 193,409 | 0.18 |
| J.G.Whellock | 13,084 | - | 13,084 | 0.01 |
| B.M.Wides | 2,903,295 | - | 2,903,295 | 2.69 |
| A.H.Yadgaroff | 156,303 | - | 156,303 | 0.14 |
Subject to receipt of the approvals aforementioned, for the purposes of the FSA's Disclosure and Transparency Rules, the Company advises that its issued share capital will comprise of 107,984,436 ordinary shares of 2p each. The voting rights of all of these shares are identical with each share carrying the right to one vote. The Company holds no shares in Treasury. Therefore, the Company's total number of voting rights will be 107,984,436.
The above figure (107,984,436) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Anglo Pacific Group plc under the Disclosure and Transparency Rules.
For further information:
Anglo Pacific Group PLC +44 (0) 20 7318 6360
Peter Boycott, Chairman
Matthew Tack, Finance Director
Liberum Capital +44 (0) 20 3100 2000
Chris Bowman
Ellen Francis
Scott Harris +44 (0) 20 7653 0030
Stephen Scott
James O'Shaughnessy
Website: www.anglopacificgroup.com