Cancellation of Scrip Dividend Alternative

RNS Number : 2004C

Anglo Pacific Group PLC

15 January 2015

 

News Release

January 15, 2015

Anglo Pacific Group PLC

Cancellation of Scrip Dividend Alternative

Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF, TSX: APY) announces that the scrip dividend alternative ("Scrip Dividend Alternative") for the interim dividend for the year ending December 31, 2014 of 4.45p per ordinary share ("Interim Dividend") has been withdrawn.

As per the shareholder circular sent to shareholders on December 12, 2014, where the ordinary share price is equal to or less than 92p on January 14, 2015, the Scrip Dividend Alternative will be cancelled and a cash dividend paid as if the offer and elections pursuant to it had not been made.  Recent market volatility has resulted in a decline in the value of Anglo Pacific shares to below this level as at market close yesterday.  Consequently, the Scrip Dividend Alternative has been withdrawn and the Interim Dividend will be paid wholly in cash on February 4, 2015.

For further information:

Anglo Pacific Group PLC                                                                                                                    

[phone]

Julian Treger, Chief Executive Officer

Mark Potter, Chief Investment Officer

Peter Mason, Company Secretary

Website:                                                                                                                                                 

www.anglopacificgroup.com

Bell Pottinger                                                                                                                 

[phone]

Nick Lambert / Lorna Cobbett

Notes to Editors

About Anglo Pacific

Anglo Pacific 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.

 

END

 

 

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