LONDON, UK / ACCESSWIRE / April 30, 2020 / Anglo Pacific Group PLC ("Anglo Pacific", the "Company") (LSE:APF)(TSX:APY) announces that it received notification of the following transactions by Mr. William (Mike) Blyth, Non-Executive Director, Mr. Kevin Flynn, Executive Director and Chief Financial Officer, Mrs. Louise Flynn, a person closely associated with Mr. Flynn, Mr. Patrick Meier, Non-Executive Chairman, Mr. Julian Treger, Executive Director and Chief Executive Officer, Mr. Rodney (Graeme) Dacomb, Non-Executive Director and Mr. James Rutherford, Non-Executive Director on 27 April 2020 and 29 April 2020.
Date of transaction | Name | Volumes (ordinary shares of 2 pence each in the Company) and Prices | Total beneficial holding (Inc % of the issued ordinary share capital of the Company) |
27 April 2020 | William Blyth | 13,400 acquired at 159.60p 13,100 sold at 159.60p | 144,150 - representing 0.08% |
27 April 2020 27 April 2020 | Kevin Flynn Louise Flynn | 2,602 acquired at 159.00p 2,585 acquired at 160.00p | 44,253 - representing 0.02% |
27 April 2020 | Patrick Meier | 12,402 acquired at 158.20p | 260,839 - representing 0.14% |
27 April 2020 | Julian Treger | 10,000 acquired at 158.00p | 5,523,296 - representing 3.04% |
29 April 2020 | Rodney Dacomb | 10,000 acquired at 158.00p | 45,000 - representing 0.03% |
29 April 2020 | James Rutherford | 25,000 acquired at 157.00p | 50,000 - representing 0.03% |
All transactions took place on the London Stock Exchange.
Following these transactions, the Board's holding in Anglo Pacific Group has increased to 3.5% of the issued share capital of the Company.
Directors' Share Dealings - Further information
The notifications 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 | William Blyth | ||||
2. | Reason for the notification | |||||
a. | Position/status | Non-Executive Director | ||||
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. | Legal Entity Identifier code | 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 | Acquisition of Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information ·Aggregated volume ·Price | 13,400 159.60p | ||||
e. | Date of the transaction | 27 April 2020 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) |
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | William Blyth | ||||
2. | Reason for the notification | |||||
a. | Position/status | Non-Executive Director | ||||
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 | Sale of Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information ·Aggregated volume ·Price | 13,100 159.60p | ||||
e. | Date of the transaction | 27 April 2020 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) |
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Kevin Flynn | ||||
2. | Reason for the notification | |||||
a. | Position/status | Executive Director and Chief Financial Officer | ||||
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 | Acquisition of Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information ·Aggregated volume ·Price | 2,602 159.00p | ||||
e. | Date of the transaction | 27 April 2020 | ||||
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 | Person closely associated with Mr. Kevin Flynn (spouse) | ||||
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 | Acquisition of Shares | ||||
c. | Price(s) and volume(s) | Acquisition
| ||||
d. | Aggregated information ·Aggregated volume ·Price | 2,585 160.00p | ||||
e. | Date of the transaction | 27 April 2020 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) |
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Patrick Meier | ||||
2. | Reason for the notification | |||||
a. | Position/status | Non-Executive Chairman | ||||
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 | Acquisition of Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information ·Aggregated volume ·Price | 12,402 158.20p | ||||
e. | Date of the transaction | 27 April 2020 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) |
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Julian Treger | ||||
2. | Reason for the notification | |||||
a. | Position/status | Executive Director and Chief Executive Officer | ||||
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 | Acquisition of Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information ·Aggregated volume ·Price | 10,000 158.00p | ||||
e. | Date of the transaction | 27 April 2020 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) |
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Rodney Dacomb | ||||
2. | Reason for the notification | |||||
a. | Position/status | Non-Executive Director | ||||
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 | Acquisition of Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information ·Aggregated volume ·Price | 10,000 158.00p | ||||
e. | Date of the transactions | 29 April 2020 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) |
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | James Rutherford | ||||
2. | Reason for the notification | |||||
a. | Position/status | Non-Executive Director | ||||
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 | Acquisition of Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information ·Aggregated volume ·Price | 25,000 157.00p | ||||
e. | Date of the transactions | 29 April 2020 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) |
For further information:
Anglo Pacific Group PLC | +44 (0) 20 3435 7400 |
Website: | |
Berenberg | +44 (0) 20 3207 7800 |
Matthew Armitt / Jennifer Wyllie / Detlir Elezi | |
Peel Hunt LLP | +44 (0) 20 7418 8900 |
Ross Allister / Alexander Allen / David McKeown | |
RBC Capital Markets | +44 (0) 20 7653 4000 |
Farid Dadashev / Marcus Jackson / Jamil Miah | |
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 and streaming company. The Company's strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.
Cautionary statement on forward-looking statements and related information
Certain statements in this announcement, other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect the Group's expectations and views of future events. Forward-looking statements (which include the phrase 'forward-looking information' within the meaning of Canadian securities legislation) are provided for the purposes of assisting readers in understanding the Group's financial position and results of operations as at and for the periods ended on certain dates, and of presenting information about management's current expectations and plans relating to the future. Readers are cautioned that such forward-looking statements may not be appropriate other than for purposes outlined in this announcement. These statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, cash flow, requirement for and terms of additional financing, performance, prospects, opportunities, priorities, targets, goals, objectives, strategies, growth and outlook of the Group including the outlook for the markets and economies in which the Group operates, costs and timing of acquiring new royalties and making new investments, mineral reserve and resources estimates, estimates of future production, production costs and revenue, future demand for and prices of precious and base metals and other commodities, for the current fiscal year and subsequent periods.
Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as 'expects', 'anticipates', 'plans', 'believes', 'estimates', 'seeks', 'intends', 'targets', 'projects', 'forecasts', or negative versions thereof and other similar expressions, or future or conditional verbs such as 'may', 'will', 'should', 'would' and 'could'. Forward-looking statements are based upon certain material factors that were applied in drawing a conclusion or making a forecast or projection, including assumptions and analyses made by the Group in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. The material factors and assumptions upon which such forward-looking statements are based include: the stability of the global economy; the stability of local governments and legislative background; the relative stability of interest rates; the equity and debt markets continuing to provide access to capital; the continuing of ongoing operations of the properties underlying the Group's portfolio of royalties, streams and investments by the owners or operators of such properties in a manner consistent with past practice; no material adverse impact on the underlying operations of the Group's portfolio of royalties, steams and investments from a global pandemic; the accuracy of public statements and disclosures (including feasibility studies, estimates of reserve, resource, production, grades, mine life and cash cost) made by the owners or operators of such underlying properties; the accuracy of the information provided to the Group by the owners and operators of such underlying properties; no material adverse change in the price of the commodities produced from the properties underlying the Group's portfolio of royalties, streams and investments; no material adverse change in foreign exchange exposure; no adverse development in respect of any significant property in which the Group holds a royalty or other interest, including but not limited to unusual or unexpected geological formations and natural disasters; successful completion of new development projects; planned expansions or additional projects being within the timelines anticipated and at anticipated production levels; and maintenance of mining title.
Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions, which could cause actual results to differ materially from those anticipated, estimated or intended in the forward-looking statements. Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. No statement in this communication is intended to be, nor should it be construed as, a profit forecast or a profit estimate.
By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate; that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved.
A variety of material factors, many of which are beyond the Group's control, affect the operations, performance and results of the Group, its businesses and investments, and could cause actual results to differ materially from those suggested by any forward-looking information. Such risks and uncertainties include, but are not limited to current global financial conditions, royalty, stream and investment portfolio and associated risk, adverse development risk, financial viability and operational effectiveness of owners and operators of the relevant properties underlying the Group's portfolio of royalties, streams and investments; royalties, steams and investments subject to other rights, and contractual terms not being honoured, together with those risks identified in the 'Principal Risks and Uncertainties' section of our most recent Annual Report, which is available on our website. If any such risks actually occur, they could materially adversely affect the Group's business, financial condition or results of operations. Readers are cautioned that the list of factors noted in the section herein entitled 'Risk' is not exhaustive of the factors that may affect the Group's forward-looking statements. Readers are also cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements.
This announcement also contains forward-looking information contained and derived from publicly available information regarding properties and mining operations owned by third parties. This announcement contains information and statements relating to the Kestrel mine that are based on certain estimates and forecasts that have been provided to the Group by Kestrel Coal Pty Ltd ("KCPL"), the accuracy of which KCPL does not warrant and on which readers may not rely.
The Group's management relies upon this forward-looking information in its estimates, projections, plans and analysis. Although the forward-looking statements contained in this announcement are based upon what the Group believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. The forward-looking statements made in this announcement relate only to events or information as of the date on which the statements are made and, except as specifically required by applicable laws, listing rules and other regulations, the Group undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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 rns@lseg.com or visit www.rns.com.
SOURCE: Anglo Pacific Group PLC