Completion of Narrabri Royalty Acquisition

RNS Number : 7171G

Anglo Pacific Group PLC

06 March 2015

 

News Release

March 6, 2015

Anglo Pacific Group PLC

Completion of Narrabri Royalty Acquisition

Further to the announcement on February 4, 2015, Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF, TSX: APY) announces that it has agreed to delay completion of the purchase of the royalty interest in the Narrabri coal project, in order to allow additional time for certain conditions precedent to be satisfied.  The Company anticipates completion to occur next week and has accordingly agreed to extend the long stop date for completion to March 13, 2015.

For further information:

Anglo Pacific Group PLC                                                                                   [phone]

Julian Treger, Chief Executive Officer

Mark Potter, Chief Investment Officer

Website:                                                                                                       www.anglopacificgroup.com

Credit Suisse Securities (Europe) Limited - Financial Adviser on the Acquisition Stephen Davy

[phone]

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.

Disclaimer

This Announcement has been issued by and is the sole responsibility of the Company. Save for the responsibilities and liabilities, if any, of Credit Suisse Securities (Europe) Limited ("Credit Suisse") under FSMA or the regulatory regime established thereunder, Credit Suisse does not assume any responsibility whatsoever and makes no representations or warranties, express or implied, in relation to the contents of this Announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by the Company, or on the Company's behalf, or by Credit Suisse, or on their behalf, and nothing contained in this Announcement is, or shall be, relied on as a promise or representation in this respect, whether as to the past or the future, in connection with the Company or the Acquisition. Credit Suisse disclaims to the fullest extent permitted by law all and any responsibility and liability whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this Announcement or any such statement.

Credit Suisse is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Credit Suisse is acting exclusively for the Company and for no one else in connection with the Acquisition, the content of this Announcement and other matters described in this Announcement. Credit Suisse will not regard any other person as its client in relation to the Acquisition, the content of this Announcement and other matters described in this Announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice to any other person in relation to the Acquisition, the content of this Announcement or any other matters described in this Announcement.

This Announcement contains forward-looking statements. These statements are subject to a number of risks and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such forward-looking statements. The terms "expect", "should be", "will be" and similar expressions identify forward-looking statements. Factors which may cause future outcomes to differ from those foreseen in forward-looking statements include, but are not limited to: general economic and business conditions; demand for the commodities in which the Company has invested; factors affecting the assets and operations to which the Company's royalty interests relate; competitive factors in the industries in which the Company operates; exchange rate fluctuations; legislative, fiscal and regulatory developments; political risks; terrorism, acts of war and pandemics; changes in law and legal interpretations. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, neither the Company nor Credit Suisse undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.

 

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