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Anglo Pacific Group (APF)

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Thursday 11 October, 2018

Anglo Pacific Group

Exercise and Sale of Options and PDMR Shareholding

RNS Number : 6645D
Anglo Pacific Group PLC
11 October 2018
 

News Release

 

11 October 2018

 

Anglo Pacific Group PLC

Vesting, Exercise and Sale of Options and PDMR Shareholding

 

Anglo Pacific Group PLC (the "Company") (LSE: APF, TSX: APY) announces that on 10 October 2018 the Company issued and allotted 51,453 new ordinary shares of 2 pence each in the Company ("Shares") as a result of the vesting and subsequent exercise of share options previously granted on 1 October 2015 by a number of employees, including Mr. Kevin Flynn, Chief Financial Officer and Mr. Juan Alvarez, Head of Investments.

 

Mr. Flynn exercised 25,974 options to subscribe for Shares, which were granted at 77p each, and subsequently sold 13,910 shares as detailed in the table below. The Company was also informed that Mr Flynn today purchased 230 Shares and that his wife purchased 670 Shares.

 

Mr. Alvarez exercised 6,493 options to subscribe for Shares, which were granted at 77p each, and subsequently sold those shares as detailed in the table below.

 

Following this notification, the total beneficial holding of Shares by Mr. Flynn and his connected persons is now 30,382 Shares and the total beneficial holding of Shares by Mr. Alvarez and his connected persons remains at 4,000 Shares, representing 0.017% and 0.002% respectively, of the issued ordinary share capital of the Company.

 

Application has been made to the London Stock Exchange and admission of the Shares is expected on or around 16 October 2018. An application has been made to the Toronto Stock Exchange (the "TSX") to list the Shares.

 

Following admission the total issued share capital of the Company will be 181,470,392 Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

More information on the CSOP is available in the Company's 2013 Annual Report, which can be found at www.anglopacificgroup.com.

 

PDMR Share Dealings - Further information

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described at the beginning of this announcement.

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Kevin Flynn

2.            

Reason for the notification

a.            

Position/status

Chief Financial Officer & Company Secretary

b.            

Initial notification/Amendment

Initial Notification

3.            

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.            

Name

Anglo Pacific Group PLC

b.            

LEI

213800LXSV317746JZ71

4.            

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.            

Description of the Financial instrument, type of instrument Identification code

2p Ordinary Shares

GB0006449366

b.            

Nature of the transaction

Exercise of options, sale of shares and purchase of Shares

c.            

Price(s) and volume(s)

Exercise

Price(s)

Volume(s)

77p

25,974

 

Sale

Price(s)

Volume(s)

146.1p

13,910

   

Purchase

Price(s)

Volume(s)

145p

230

                             

d.            

Aggregated information

·     Aggregated volume

·     Price

 

See above

e.            

Date of the transaction

10 October 2018

f.            

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

1.   

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Louise Flynn

2.            

Reason for the notification

a.            

Position/status

Wife of Kevin Flynn, Chief Financial Officer & Company Secretary

b.            

Initial notification/Amendment

Initial Notification

3.            

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.            

Name

Anglo Pacific Group PLC

b.            

LEI

213800LXSV317746JZ71

4.            

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.            

Description of the Financial instrument, type of instrument Identification code

2p Ordinary Shares

GB0006449366

b.            

Nature of the transaction

Purchase of Shares

c.            

Price(s) and volume(s)

Purchase

Price(s)

Volume(s)

145p

670

                             

d.            

Aggregated information

·     Aggregated volume

·     Price

 

See above

e.            

Date of the transaction

10 October 2018

f.            

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Juan Alvarez

2.            

Reason for the notification

a.            

Position/status

Head of Investment

b.            

Initial notification/Amendment

Initial Notification

3.            

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.            

Name

Anglo Pacific Group PLC

b.            

LEI

213800LXSV317746JZ71

4.            

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.            

Description of the Financial instrument, type of instrument Identification code

2p Ordinary Shares

GB0006449366

b.            

Nature of the transaction

Exercise and sale of options

c.            

Price(s) and volume(s)

Exercise

Price(s)

Volume(s)

77p

6,493

 

Sale

Price(s)

Volume(s)

146.1p

6,493

           

d.            

Aggregated information

·     Aggregated volume

·     Price

 

 

See above

e.            

Date of the transaction

10 October 2018

f.            

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

For further information:

 

Anglo Pacific Group PLC

+44 (0) 20 3435 7400

 

Julian Treger - Chief Executive Officer

Kevin Flynn - Chief Financial Officer and Company Secretary

 

 

 

Website: 

www.anglopacificgroup.com

 

 

 

 

BMO Capital Markets Limited

+44 (0) 20 7664 8020

 

Jeffrey Couch / Neil Haycock / Tom Rider

 

 

 

 

 

Canaccord Genuity Limited

+44 (0) 20 7523 8000

Martin Davison / James Asensio

 

 

 

Peel Hunt LLP

+44 (0) 20 7418 8900

Ross Allister / James Bavister

 

 

 

Capital Market Communications Limited (Camarco)

     +44 (0) 20 3757 4997

Gordon Poole / Owen Roberts / James Crothers

 

       

 

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 mainly through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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