30 Apr 2015 14:10
News Release
April 30, 2015
Anglo Pacific Group PLC
Results of Annual General Meeting and Maiden Royalty Payments Received
Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF, TSX: APY) is pleased to announce that at the Annual General Meeting of the Company held on April 30, 2015 ("AGM") all resolutions were duly passed by a show of hands. Resolutions 15, 16 and 17 were passed as special resolutions.
At today's AGM the Chief Executive Officer announced to shareholders the receipt of a maiden royalty payment from both the Narrabri and Maracás royalties. The receipt of the maiden royalty payments increases the number of producing royalties within the Anglo Pacific portfolio and provides further cash flow diversification.
Resolution 2 received a proxy vote of 73% in favour; however there were a number of votes against the resolution and consequently the Company will contact the relevant institutional investors to better understand their concerns, as a priority. Following receipt of feedback, the Company will consider implementing any relevant suggestions into next year's Remuneration Report, particularly regarding expanding the description of bonus criteria.
In accordance with Listing Rule 9.6.2, a copy of Resolutions 13, 14, 15, 16 and 17 will shortly be submitted to the National Storage Mechanism, and will be available for inspection at www.hemscott.com/nsm.do.
The full text of all the resolutions passed at the meeting can be found in the Notice of Annual General Meeting, which is available for inspection at www.hemscott.com/nsm.do and on the Company's website at www.anglopacificgroup.com.
Full details of the proxy voting can also be found on the Company's website.
For further information:
Anglo Pacific Group PLC +44 (0) 20 3435 7400
Julian Treger - Chief Executive Officer
Mike Blyth - Chairman
Website: www.anglopacificgroup.com
BMO Capital Markets Limited +44 (0) 20 7664 8121
Neil Haycock / Tom Rider
Macquarie Capital (Europe) Limited +44 (0) 20 3037 2000
Ken Fleming / Ariel Tepperman / Nicholas Harland
Peel Hunt LLP +44 (0) 20 7418 8900
Matthew Armitt / Ross Allister
Bell Pottinger +44 (0) 20 3772 2500
Nick Lambert / Lorna Cobbett
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 through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.