Result of AGM and Commodity Price Update

RNS Number : 8120X

Anglo Pacific Group PLC

10 May 2016

 

News Release

May 10, 2016

Anglo Pacific Group PLC

Results of Annual General Meeting and Commodity Price Update

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 May 10, 2016 ("AGM") all resolutions were duly passed by a show of hands.  Resolutions 17, 18 and 19 were passed as special resolutions.

At today's AGM the Chief Executive Officer gave a short presentation to shareholders on the 2015 year-end results, noting in particular the 24% increase in the year-to-date price of coking coal which could positively impact on future royalty income given the Company's current portfolio, and to a lesser extent the 45% increase in the vanadium pentoxide price during the same period.

In accordance with Listing Rule 9.6.2, a copy of Resolutions 13, 14, 15, 16, 17, 18 and 19 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 Mike Blyth - Chairman Julian Treger - Chief Executive Officer Kevin Flynn - Company Secretary & Chief Financial Officer	[phone]
Website:	www.anglopacificgroup.com
BMO Capital Markets Limited Jeffrey Couch / Neil Haycock / Tom Rider	[phone]
Macquarie Capital (Europe) Limited Raj Khatri / Ariel Tepperman / Nicholas Harland	[phone]
Peel Hunt LLP Matthew Armitt / Ross Allister	[phone]
Bell Pottinger Nick Lambert / David Bass / Richard Crowley	[phone]

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.

 

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