Result of AGM

RNS Number : 8819L

Anglo Pacific Group PLC

30 April 2015

 

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                                                                                                [phone]

Julian Treger - Chief Executive Officer

Mike Blyth - Chairman

Website:                                                                                                                                    www.anglopacificgroup.com

BMO Capital Markets Limited                                                                                      [phone]

Neil Haycock / Tom Rider

Macquarie Capital (Europe) Limited                                                                              [phone]

Ken Fleming / Ariel Tepperman / Nicholas Harland

Peel Hunt LLP                                                                                                                 [phone]

Matthew Armitt / Ross Allister

Bell Pottinger                                                                                                                   [phone]

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.

 

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