19 Apr 2017 15:12
News Release
April 19, 2017
Anglo Pacific Group PLC
Notification of Transactions by PDMRs
Anglo Pacific Group PLC (the "Company", the "Group") (LSE: APF, TSX: APY) announces that it has granted options over ordinary shares in the capital of the Company to the following persons discharging managerial responsibilities ("PDMRs") on April 12, 2017 as follows:
Name of PDMR | Number of shares over which USOP Options granted | Exercise price per share | Number of shares over which Trust Options granted | Exercise price per share | |
Kevin Flynn Chief Financial Officer and Company Secretary | 200,000 | 126.07p | 100,000 | £nil | |
Juan Alvarez Head of Investments | 200,000 | 126.07p | 100,000 | £nil |
The USOP Options were granted under and subject to the terms of the Anglo Pacific Group PLC Unapproved Share Option Plan as approved by the Company's shareholders at the Annual General Meeting on May 10, 2016.
The Trust Options were granted under a one-off arrangement on materially the same terms as the terms of the USOP Options, save that the Trust Options have an exercise price of nil. No newly issued and/or treasury shares shall be used in relation to the Trust Options.
Each of the USOP Options and the Trust Options will ordinarily become exercisable three years from the date of grant and may ordinarily thereafter be exercised for a period expiring five years from the date of grant.
This notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulation (596/2014).
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 | |
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 / David Ison / 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.
Details of the full notifications received by the Company are set out below:
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kevin Flynn | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer and Company Secretary | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 | Ordinary Shares of 2 pence each in Anglo Pacific Group PLC GB0006449366 | ||||
b) | Nature of the transaction | Grant of an option award under the Anglo Pacific Group PLC Unapproved Share Option Plan with an exercise price per share of 126.07p. The award will ordinarily become exercisable three years from the date of grant and may ordinarily thereafter be exercised for a period expiring five years from the date of grant. | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 12 April 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 2 pence each in Anglo Pacific Group PLC GB0006449366 | ||||
b) | Nature of the transaction | Grant of a nil cost option award over ordinary shares in Anglo Pacific Group PLC. The award will ordinarily become exercisable three years from the date of grant and may ordinarily thereafter be exercised for a period expiring five years from the date of grant. | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 12 April 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Juan Alvarez | ||||
2 | Reason for Notification | |||||
a) | Position/status | Head of Investments | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 | Ordinary Shares of 2 pence each in Anglo Pacific Group PLC GB0006449366 | ||||
b) | Nature of the transaction | Grant of an option award under the Anglo Pacific Group PLC Unapproved Share Option Plan with an exercise price per share of 126.07p. The award will ordinarily become exercisable three years from the date of grant and may ordinarily thereafter be exercised for a period expiring five years from the date of grant. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 12 April 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 2 pence each in Anglo Pacific Group PLC GB0006449366 | ||||
b) | Nature of the transaction | Grant of a nil cost option award over ordinary shares in Anglo Pacific Group PLC. The award will ordinarily become exercisable three years from the date of grant and may ordinarily thereafter be exercised for a period expiring five years from the date of grant. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 12 April 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||